Fintech company FIS has integrated the IBM Safer Payments solution with its P2P (person-to-person) services for US financial institutions.
The offering uses artificial intelligence and machine learning to monitor high volumes of P2P transactions and provide real-time detection and decisioning.
Since integrating the IBM Safer Payments fraud detection solution, FIS has seen a significant reduction in attempted and completed fraudulent transactions as reported by its P2P payment services clients.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now