DIGITAL BANKING
IMPROVED ANALYSIS
Groundbreaking graph analysis has fortified Ecommpay’ s in-house Risk Control System( RCS) with
12,791 fraudulent chains involving 50,595 users across 207 unique merchants identified since 2022;
29 %
( 14,882 users)
were confirmed scammers
DAC
A new accessible website and payments platform was launched, with rigorous testing by the Digital Accessibility Centre( DAC)
NEW PAYMENT OFFERINGS
Extending its payments offering, in 2024 Ecommpay launched Mastercard Click to Pay, Bacs and SEPA Direct Debit, PayPal must now conduct fraud checks within milliseconds rather than the hours or days previously standard in banking operations.
“ Realtime sanction screening is already in place across the financial services space,” observes Moshe.
“ However, with fraudsters always finding new ways to scam businesses and customers, AI could be a critical tool in ensuring that APIs are fit for purpose. Speed to react to new frauds
is vital, especially in the Name world Surname of, Job Title, instant settlement.”
Company Name( Use this caption for bleeding images)
“ KYC and due diligence could be a profit centre for the banks rather than the cost centre it currently is”
MOSHE WINEGARTEN, CRO, ECOMMPAY fintechmagazine. com 49