ACI Worldwide Protects More Than One Billion Consumers Globally from Fraud in the Era of Open Banking and Real-Time Payments
August 23 2021 - 8:00AM
Business Wire
- COVID 19 has accelerated global shift to real-time and digital
payments, creating radically different fraud landscape
- ACI’s Enterprise Fraud Management solution is increasingly used
by financial institutions worldwide – with a 33 percent increase in
consumers protected just over the last two years
ACI Worldwide, a leading global provider of real-time digital
payment software solutions, today
announced that it protects more than one billion consumers globally
from new and emerging threats in the era of real-time payments and
open banking through its award-winning ACI Fraud Management
solution.
While the pandemic has accelerated the global shift toward
real-time and digital payments, it has also accelerated the
creation of digital accounts– including new accounts from the
previously unbanked population. ACI saw an increase – of 33 percent
– in consumer digital accounts in just over the last two years. In
addition, the transactional volumes being protected by ACI have
more than doubled since 2019 as financial institutions worldwide
continue to battle new and emerging threats, including identity
fraud, internal fraud, account takeover and a rising number of
other illegal activities across all channels.
ACI Fraud Management delivers enterprise fraud prevention
capabilities that are crucial to successfully protecting customers
in today’s fraud environment. The solution offers advanced machine
learning as well as behavioral biometrics capabilities, predictive
analytics and expertly defined rules—helping banks identify and
mitigate financial crime. It includes the ACI Model Generator,
which enables business users to create and maintain their own
predictive machine learning models within minutes. In addition, it
offers a wide range of sophisticated capabilities in the areas of
Know Your Customer (KYC) and Anti-Money Laundering (AML). ACI’s
unique network intelligence approach delivers an industry,
regional, and market-wide view of emerging threats.
“We hit an important milestone with the protection of one
billion consumers, but the key is providing our customers with the
immediate protection they need and staying several steps ahead of
fraudsters looking to exploit consumers in the vulnerable situation
created by the pandemic. Running one cost-effective, scalable
enterprise solution is the best way to adapt in today’s new
environment,” said Cleber Martins, Head of Payments Intelligence
and Risk Solutions, ACI Worldwide. “ACI Fraud Management offers
more fraud protection from a single solution. Banks worldwide are
looking to consolidate their technology and data into cloud-ready
platforms that drive innovation and operational efficiencies, which
ACI Fraud Management delivers on all fronts.”
The solution is now available as a subscription plan for
mid-tier banks, hosted in the Microsoft Azure public cloud
environment.
About ACI Worldwide ACI Worldwide is a global software
company that provides mission-critical real-time payment solutions
to corporations. Customers use our proven, scalable and secure
solutions to process and manage digital payments, enable
omni-commerce payments, present and process bill payments, and
manage fraud and risk. We combine our global footprint with local
presence to drive the real-time digital transformation of payments
and commerce.
© Copyright ACI Worldwide, Inc. 2021 ACI, ACI Worldwide, ACI
Payments, Inc., ACI Pay, Speedpay and all ACI product/solution
names are trademarks or registered trademarks of ACI Worldwide,
Inc., or one of its subsidiaries, in the United States, other
countries or both. Other parties’ trademarks referenced are the
property of their respective owners.
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Nidhi Alberti nidhi.alberti@aciworldwide.com
Dan Ring dan.ring@aciworldwide.com
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