Business
Nymcard Partners With ACI Worldwide To Combat Fraud and Financial Crime
Leading enabler of banking-as-a-service and payments in MENA to enhance fraud management and prevention capabilities and strengthen anti-money laundering
About this update from Aci Worldwide, Inc.
[{"type":"text","content":"\n\nLeading enabler of banking-as-a-service and payments in MENA to enhance fraud management and prevention capabilities and strengthen anti-money laundering controls.\n\n\n\n MIAMI & ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--\nACI Worldwide, a global leader in mission-critical, real-time payment solutions, today announced that Nymcard, a leading card issuer in the Middle East and Africa (MENA), has enhanced its fraud platform with ACI® Fraud Management™ to better protect its customers from the growing threat of financial fraud.\n\n\nACI Fraud Management delivers real-time enterprise fraud management capabilities, including advanced machine learning, predictive analytics and expertly defined rules, that allow Nymcard to quickly identify and mitigate financial fraud within a single comprehensive solution. In addition, ACI’s model generator functionality facilitates Nymcard to create and maintain predictive machine learning models within minutes.\n\n\nNymcard, the fastest growing payments and banking-as-a-service enabler in MENA, provides modern and highly customizable solutions to banks, non-banking financial institutions and fintechs in the market. Leveraging Nymcard's robust, nimble and secure infrastructure, coupled with efficient, 24/7 support, clients can launch their card programs in a matter of weeks.\n\n\nContinuing its commitment to provide market-leading services, Nymcard partnered with ACI to further strengthen its fraud defenses in response to the rapidly evolving fraud landscape, which is increasing pressure on financial institutions to adapt quickly, maximize operational efficiencies and mitigate increased risks. Nymcard has deployed ACI Fraud Management via ACI’s public cloud environment across several markets in MENA.\n\n\nAs part of the solution, Nymcard is also using ACI’s anti-money laundering module to implement strong strategies for risk management across domestic and cross-border payments, allowing the company to report and manage suspected financial crime in line with regulations and global sanctions.\n\n\n“Our ongoing strategy is to enable our clients with the best-in-class solutions and services. We do not compromise on the quality standards and are delighted to partner with ACI, whose commitment matches ours to protect our customers using one the most sophisticated fraud management solutions in t...