Four of Montenegro’s leading banks have implemented ASEE’s InACT^® Anti-Fraud Hub, an omnichannel solution designed to combat the growing threats of fraud in the modern banking industry. This innovative platform provides comprehensive protection and can also be utilized through the Software as a Service (SaaS) model.

Developed by ASEE’s skilled engineers, the InACT® Anti-Fraud Hub is now operational in Universal Capital Bank and NLB Banka, while testing is underway at Prva Banka. Another Montenegrin bank is set to launch the solution early next year. These banks are leveraging the platform to monitor transactions from ASEE’s open banking applications, as well as internet and mobile banking platforms, effectively preventing fraudulent activities.

The solution’s key component, External Fraud Detection and Prevention, is part of the broader InACT^® Anti-Fraud Hub, which includes three main modules: External Fraud Detection and Prevention, Internal Fraud Detection and Prevention, and Fraudulent Application Detection and Prevention. Powered by machine learning and big data technologies, the platform delivers a 360-degree approach to fraud prevention, addressing multi-channel transactional fraud, operational errors, regulatory compliance, and insider threats.