Network International and ADCB Egypt launch Egypt’s first AI-powered transactional fraud solution with FICO’s advanced analytics
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Network International, a fintech company in the Middle East and Africa, in partnership with ADCB Egypt, part of the Abu Dhabi Commercial Bank Group, has launched FICO® Falcon® Fraud Manager. It is Egypt’s first transactional fraud solution powered by Artificial Intelligence (AI) and Machine Learning (ML). This advanced analytics platform is a significant step forward in protecting Egypt’s digital financial transactions.
Real-time fraud detection with AI-driven behavioural profiling
The FICO Falcon Fraud Manager provides ADCB Egypt and its customers with real-time fraud protection by developing a unique behavioural profile for each customer.
By analysing millions of transactions instantly, the system identifies and prevents fraudulent activity, safeguarding accounts and ensuring a seamless, secure experience at every interaction point.
This launch is part of Network International’s Enterprise Fraud Prevention initiative in Egypt.
Fraud detection and prevention across the region
Dr Reda Helal, Group Managing Director, Processing, Africa at Network International, said, “We are thrilled to have successfully deployed this solution, which marks a significant chapter in Network’s payments processing business in North Africa.”
“The go-live of the FICO fraud solution underscores ADCB Egypt’s impact on the market by providing best-in-class digital customer experiences enhanced by operational efficiency. This partnership demonstrates Network’s commitment to delivering innovative, secure, and scalable payment solutions across the region,” he added.
Alexandre Graff, Vice President, Global Partners & Alliances at FICO, also said, “Fighting fraud is a critical priority in Egypt. FICO Falcon Fraud Manager is the leading AI-powered solution in this space, protecting 4 billion payment accounts worldwide. We are proud to partner with Network International and ADCB Egypt as they give Egyptian credit grantors the power to stop fraud faster, reduce friction in the customer experience, and safeguard consumers’ financial health.”
Since 2017, FICO and Network International have partnered to enhance fraud detection and prevention by integrating FICO’s technology solutions with Network’s digital payments expertise.