National Savings Bank Sri Lanka Enables Enterprise-Level Fraud Management with ACI Worldwide
August 19 2020 - 8:00AM
Business Wire
ACI’s Payments Risk Management solution equips
National Savings Bank with a country-first, 360-degree approach to
enterprise fraud management
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time digital payment software and solutions, today announced
that Sri Lanka’s National Savings Bank (NSB) will leverage its
Payments Risk Management solution to enable enterprise-wide fraud
detection and prevention.
NSB is one of Sri Lanka’s largest public sector banks, with more
than 4,000 service points, including branches, post offices and
ATMs. The bank sought to implement a comprehensive intelligence and
financial crime detection management solution, aimed at protecting
its customers in real time. In addition to card-based transactions,
ACI’s fraud management capabilities allow the bank to address
emerging digital payment channels, including internet and mobile
banking, mobile wallets and real-time payments, solidifying its
position as one of the country’s leading financial innovators.
“As digital payments increasingly become the country’s preferred
transaction method, security and fraud mitigation are growing
challenges for financial institutions that are looking to provide
seamless customer experiences. This can only be achieved with a
real-time, customer-centric approach to fraud prevention,” said Ms.
Damitha Rathnayake, acting GM/CEO, National Savings Bank. “ACI’s
reliability and scalability in payment solutions are unparalleled,
and we are confident that the added real-time fraud detection
alongside our existing ACI retail payments infrastructure will
strengthen our fraud monitoring capabilities, enabling us to
deliver an even greater customer experience.”
The banking and payments industry in Sri Lanka is evolving
rapidly, as usage of electronic payment methods continues to grow.
According to the Central Bank of Sri Lanka, at the end of 2019,
there were more than 25 million debit and credit cards in use with
over 30 percent year-over-year growth in debit card transaction
volume and value.
“The shift to digital channels brings myriad benefits to Sri
Lankan businesses and consumers,” said Kaushik Roy, vice president
and country leader – South Asia, ACI Worldwide. “However, this
shift could expose vulnerabilities to fraud and put customers at
increased risk, as fraudsters evolve to exploit the weakest link –
whether that’s technology or human. By leveraging our enterprise
fraud management solution across all channels, including merchant
acquiring, NSB can deliver an enhanced, secure customer
experience.”
About ACI Worldwide
ACI Worldwide powers digital payments for more than 6,000
organizations around the world. More than 1,000 of the largest
financial institutions and intermediaries, as well as thousands of
global merchants, rely on ACI to execute $14 trillion each day in
payments and securities. In addition, myriad organizations utilize
our bill presentment and payment services. Through our
comprehensive suite of software solutions delivered on customers’
premises, through the public cloud or through ACI’s private cloud,
we provide real-time payment capabilities and enable the industry’s
most complete omni-channel payments experience. To learn more about
ACI, please visit www.aciworldwide.com. You can also find us on
Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2020
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version on businesswire.com: https://www.businesswire.com/news/home/20200819005010/en/
Christopher Taine (APAC/EMEA) christopher.taine@aciworldwide.com
+49 (0) 89 45230 128 Dan Ring dan.ring@aciworldwide.com +1
781-370-3600
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