Press release - NetGuardians makes the RiskTech100® rankings for the fourth year in a row

Yverdon-les-Bains, 2 December, 2021: Award-winning Swiss FinTech NetGuardians, renowned for its smarter, AI-based enterprise risk platform for combating banking fraud, today announced it has been included in the RiskTech100® 2022 report for its real-time fraud-mitigation software.

The Chartis report focuses solely on risk and compliance technology and is the most comprehensive independent study of the world’s major players in the field. It is considered an industry benchmark.

This is the fourth time that NetGuardians has been included in the annual report, this year rising four places. Customer satisfaction continues to score highly, beating many solutions ranked higher. NetGuardians’ functionality – easy-to-read dashboards, for example – also contributed to the company’s upward trajectory in the table.

Joël Winteregg, NetGuardians’ co-founder and chief executive, says: “The latest RiskTech report comes as banks and their customers are facing a rapidly growing risk of falling victim to fraud. According to Juniper Research, online payment fraud alone jumped 18 percent last year. This worrying trend means banks need more than ever to install effective fraud-mitigation software. Many turn to RiskTech as an independent evaluation of the best vendors in the market, and we are proud to have been included for a fourth time.”

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About NetGuardians

NetGuardians is an award-winning Swiss FinTech helping financial institutions in over 30 countries to fight fraud. More than 80 banks, including UOB and Pictet & Cie, rely on NetGuardians’ smarter artificial-intelligence (AI) solution to prevent fraudulent payments in real time. Banks using NetGuardians’ software have achieved reductions of up to 85 percent in false positives, saved more than 75 percent in operating costs, and detected up to 99 percent of fraud in real-time. NetGuardians is the fraud-prevention partner of major banking software companies, including Finastra, Avaloq, Mambu, and Finacle. Our software is pre-integrated into their banking platforms and is available on-premise and in the cloud. This enables fast deployment so banks can protect themselves and their customers from scams, social-engineering fraud, account takeover fraud, cyber fraud, internal fraud, and much more. NetGuardians was listed as a representative vendor in Gartner’s 2020 Market Guide for Online Fraud Detection and in the Chartis 2021 RiskTech100 list. Headquartered in Switzerland, NetGuardians has offices in Singapore, Kenya, and Poland.

More information: www.netguardians.ch