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.
Go deeper with GlobalData
SmartGuard, 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.
