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Network International and ADCB Egypt have launched an AI-powered fraud detection system as part of Network\u2019s Enterprise Fraud Prevention initiative in Egypt, marking what the companies describe as a first-of-its-kind solution for safeguarding the country\u2019s digital financial transactions.<\/p>\n
The two firms have deployed FICO Falcon Fraud Manager, an advanced analytics platform that uses artificial intelligence and machine learning to deliver real-time fraud protection. The system creates a unique behavioral profile for each customer and analyzes millions of transactions to identify and block fraudulent activity while maintaining a seamless experience across customer touchpoints.<\/p>\n
Dr. Reda Helal, group managing director of processing for Africa at Network International, said the deployment marks a significant milestone for the company\u2019s payments processing operations in North Africa. \u201cThis partnership demonstrates Network\u2019s commitment to delivering innovative, secure, and scalable payment solutions across the region,\u201d he said.<\/p>\n
Alexandre Graff, vice president of global partners and alliances at FICO, said fraud prevention is a critical priority in Egypt. \u201cFICO Falcon Fraud Manager is the leading AI-powered solution in this space, protecting 4 billion payment accounts worldwide,\u201d he said, adding that the partnership gives Egyptian credit providers greater capacity to stop fraud faster and reduce friction in the customer experience.<\/p>\n
Network International and FICO have worked together since 2017, combining FICO\u2019s technology solutions with Network\u2019s digital payments expertise. The companies said the partnership with ADCB Egypt reinforces Network\u2019s commitment to supporting Egypt\u2019s financial inclusion agenda and positions the firm as a preferred fraud management partner for Egyptian banks.<\/p>\n<\/p><\/div>\n
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