Fibabanka selects ASEE InACT® External Fraud Detection and Prevention Solution

Fibabanka in Türkiye, known for swift and easy banking experience, has implemented InACT® External Fraud Detection and Prevention Solution for end-to-end fraud management, encompassing the detection of fraudulent activities in customer transactions through digital channels and card transactions. Fibabanka’s commitment to offer the highest level of security to millions of customers across Türkiye led them to choose ASEE InACT® External Fraud Detection and Prevention Solution, an innovative ML and AI-supported system detecting and preventing risky transactions.

The InACT External Fraud Detection and Prevention Solution enabled Fibabanka to monitor transactions coming from external channels against pre-defined fraud scenarios. The bank successfully detected risky transactions that matched the scenarios and prevented both real-time and near real-time fraudulent attacks. The Common Point Analysis module of the solution identified cards or accounts used at risky points and prevented fraudulent attacks before they even began. The solution provided users with essential performance indicators in fraud detection, opening the door to obtaining various types of reports based on the needs of fraud analysts.

Fibabanka has strengthen the defense against fraud attacks and improved customer satisfaction by providing the highest level of security to its customers with InACT® External Fraud Detection and Prevention Solution.

ASEE

Published On: December 14th, 20231 min read

Share

More from ASEE

Related Posts

  • Ziraat Participation Bank, a distinguished leader in Türkiye’s participation banking sector, has strategically adopted ASEE Fidelity to revolutionize its asset and expenditure management processes. As one of the fastest-growing institutions in the sector, Ziraat Participation Bank initiated a cutting-edge ERP project to streamline its business operations and transition from manual to automated tasks. Through this […]

  • ASEE Romania has been honored with the prestigious award “For Essential Power Solutions” by Eximbank, part of Intesa Sanpaolo Group and one of the foundational financial institutions of the Republic of Moldova. This recognition is especially significant as Eximbank celebrates its 30th anniversary in 2024, marking three decades of impactful contributions to the Moldavian banking […]

  • ASEE Serbia has completed the fusion project for Halk Bank, a significant milestone in the bank’s modernization efforts. This comprehensive initiative involved replacing the bank’s Core Banking System (CBS), consolidating additional systems, and modernizing its entire IT architecture. Mr. Hasan Cömert, an Executive Board member, and Mrs. Vesna Martinović, Director of IT Division, shared their […]