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June 26, 2012updated 04 Apr 2017 1:05pm

Tsesnabank deploys SmartGuard solution for fraud monitoring

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. SmartGuard, reportedly, provides flexible setting and modification of rules to optimise fraud prevention and stay ahead of criminal activity.

By Meghna Mukerjee

Kazakhstan-based Tsesnabank has implemented BPC Banking Technologies’ fraud monitoring and prevention solution, SmartGuard.

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According to Tsesnabank, the solution monitors 100% of authorisation traffic across all channels to detect and prevent fraudulent transactions, stopping fraud before it happens.

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.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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