NetGuardians, a leader in AI-driven fraud prevention, recently hosted an exclusive executive breakfast at the Sheraton Hotel in Addis Ababa. This event brought together senior leaders from the financial sector to discuss innovative strategies and trends in combating fraud.
The breakfast, tailored for top decision-makers in banking and finance, focused on the role of artificial intelligence in detecting and preventing financial crimes in real-time. Attendees had the opportunity to gain insights into how NetGuardians’ cutting-edge solutions are helping organizations stay ahead of evolving fraud tactics while ensuring secure financial transactions.
Jonathan Somers, MEA Regional Sales Director at NetGuardians, expressed enthusiasm about engaging with executives in Ethiopia. “We’re thrilled to share our expertise in fraud prevention and demonstrate how AI can be a game-changer in protecting financial institutions,” he stated. He emphasized that as fraud schemes become increasingly sophisticated, collaboration and innovation are essential.
The event also served as a platform for industry leaders to network, exchange ideas, and explore new solutions aimed at securing the future of banking not only in Ethiopia but also beyond its borders.
NetGuardians has established itself as a prominent Swiss FinTech firm, assisting financial institutions across more than 30 countries in the fight against financial crime. Its innovative 3D artificial intelligence (3D AI) solution is currently employed by over 100 banks, including 40% of the largest banks in East Africa. The technology has proven effective, achieving an 85% reduction in customer friction and over 75% lower operating costs while enabling the detection of new fraud cases.
Recently recognized as the 2024 Category Leader in the Chartis RiskTech Quadrants for Enterprise Fraud, Payment Fraud, and AML Transaction Monitoring, NetGuardians continues to set industry benchmarks. With headquarters in Switzerland and offices in Singapore, Kenya, and Poland, the company remains committed to enhancing security measures for financial institutions worldwide.
