Company: NetGuardians
Founders: Joël Winteregg, Raffael Maio
Website: https://netguardians.ch/
About NetGuardians
NetGuardians is an award-winning Swiss FinTech company that has emerged as a key player in the fight against fraud for financial institutions worldwide. Founded with the mission to help banks and wealth managers combat fraud, the company now operates in over 30 countries, protecting more than 100 financial institutions. The company’s innovative 3D artificial intelligence (3D AI) solution allows banks to detect and prevent fraudulent payments in real-time. As a result, NetGuardians is now trusted by 40% of all Swiss state-owned commercial banks and three of the top 10 private banks globally, as ranked by Euromoney.
The company’s primary goal is to tackle the growing issue of fraud, which poses significant financial and reputational risks for banks. By leveraging advanced AI and machine learning, NetGuardians enables its clients to reduce customer friction by 85%, lower operational costs by more than 75%, and discover new fraud cases that were previously undetected. These results have made a significant impact on the cybersecurity landscape, giving financial institutions a robust defence against increasingly sophisticated threats.
One of the key challenges NetGuardians has faced is keeping pace with the continuously advancing nature of cyber threats. Fraudsters constantly adapt their methods, requiring ongoing innovation and development of the company’s technology to stay ahead. NetGuardians has overcome these challenges by fostering a culture of innovation, developing solutions that not only react to fraud but predict and prevent it before it happens.
With fraudsters constantly evolving their tactics, one of the primary challenges NetGuardians faces is keeping pace with the ever-advancing nature of cyber threats. However, through its genuine expertise and unwavering commitment to innovation and development, the company’s technology consistently stays ahead. By fostering a culture of innovation and creating solutions that not only respond to fraud but also predict and prevent it, NetGuardians has cemented its position as one of the most trusted names in the industry, a deserving contender for the TechRound Cybersecurity 50.
To this end, the company’s impact on the cybersecurity industry is profound, as it has helped transform how financial institutions manage risk. NetGuardians partners with major banking software providers such as Finastra, Avaloq, Mambu, and Finacle, further cementing its position as a leader in fraud prevention. The company’s inclusion in Gartner’s 2020 Market Guide for Online Fraud Detection and recognition in Aite-Novarica’s 2021 Fraud and AML Machine Learning Platforms Report highlights its influence and success in the field.
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