Kazakhstan-based Tsesnabank has implemented
BPC Banking Technologies’ fraud monitoring and prevention solution,
SmartGuard.
According to Tsesnabank, the solution monitors
100% of authorisation traffic across all channels to detect and
prevent fraudulent transactions, stopping fraud before it
happens.
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By GlobalDataSmartGuard, reportedly, provides flexible
setting and modification of rules to optimise fraud prevention and
stay ahead of criminal activity.
The software aims to enable Tsesnabank to
raise an alert via sending customers e-mails, SMS, contacting a
call center operator, declining transactions, or blocking a card on
detection of dubious activity.
Chairman of Tsesnabank’s management board,
Dauren Zhaksybek, said that Tsesnabank has ambitious plans to widen
its range of products and services including co-branded and
multi-application card programs, new payment types and to develop
new banking channels.
“With an increased range of products and
channels comes a greater exposure to fraud hence our decision to
improve our payments infrastructure security by licensing
SmartGuard. BPC has been a long term partner of the bank and we are
confident that this new solution will enable us to secure our
clients accounts.”
Tsesnabank already is a BPC SmartVista client.
Tsesnabank has a network of approximately 110 branches across
Kazakhstan and the lender’s total assets amounted to $3bn as of 31
December 2011.
