Hightech Payment S A : HPS and Enigma Join Forces to Revolutionise Fraud Detection with AI

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HPS and Enigma Join Forces to Revolutionise Fraud Detection with AI Date: 4 March 2025 Download Casablanca, 4 March 2025. HPS, a leading global provider of payment software and solutions, and Enigma, a global leader in artificial intelligence enabled entity resolution and decision-making, today announced a strategic collaboration to deliver cutting-edge AI fraud detection models to businesses worldwide. This partnership combines Enigma's advanced AI capabilities with HPS's comprehensive payment platform, offering clients unprecedented security and efficiency in navigating the complexities of modern payment systems. In an era where fraud methods are becoming increasingly sophisticated, with phishing, vishing, identity theft, and other forms of fraud, it is essential for financial institutions to have tools that adapt and respond to dynamic threats. This solution protects transactions while ensuring a smooth and frictionless experience for customers. The strength of this system lies in the combination of two complementary approaches: on one hand, an advanced AI model that anticipates and detects emerging fraud patterns; on the other hand, a proven rule-based detection system that ensures effective identification of known suspicious behaviours. This synergy between AI and business rules provides optimal coverage against a wide range of threats, from the most sophisticated to the most common. In this powerful partnership, Enigma brings years of expertise in developing advanced machine learning models designed to detect and predict fraudulent activities with exceptional accuracy. These models analyse vast datasets, uncovering subtle anomalies that traditional rule-based systems may overlook. Meanwhile, HPS, with its scalable and versatile payment platform operating in over 95 countries, provides the necessary infrastructure to seamlessly integrate Enigma's AI capabilities into the business management of payments. This includes fraud prevention, detection, and mitigation mechanisms, covering both payment issuance and acquisition management, as well as authorisation management. This synergy ensures optimised protection for clients while maintaining smooth, uninterrupted operations across the globe. Enigma has already gained the trust of several of the world's largest financial and technology players. The company collaborates with over 50% of the Top 10 banks in ...

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