Award-winning Swiss FinTech NetGuardians, renowned for its enterprise risk platform for combatting financial fraud, has announced that Switzerland’s leading payment app TWINT has selected its software as part of an enhanced fraud prevention program. NetGuardians software detects anomalous payments through its innovative behavioural analytics, machine learning, and artificial
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21/12/20
Award-winning Swiss FinTech NetGuardians, renowned for its smarter AI-based enterprise risk platform for combating banking fraud, today announced it has successfully completed a new round of funding.
NetGuardians raised CHF 17m in new capital, more than the double each of the previous rounds. Lead investors include the Pictet Group, a NetGuardians client, as well as private investment group ACE & Company, headquartered in Geneva with offices in London, Cairo, Hong Kong and New York.
The funds will be used to support meeting rising demand for its fraud-mitigation software. NetGuardians will do this by strengthening its position in existing markets and further developing its software-as-a-service (SaaS) subscription model.