radicant bank ag (radicant) is the first digital sustainability bank in Switzerland strategically aligned with the 17 UN Sustainable Development Goals (SDGs). To ensure the efficient and secure processing of its clients’ digital transactions, radicant has selected award-winning Swiss FinTech NetGuardians’ software for enhanced payment protection.

In an increasingly digital world, where more and more customers conduct their transactions exclusively online, the prevention of financial crime and the protection of clients from fraud play a crucial role in safeguarding smooth payment flows. According to the Association of Certified Fraud Examiners report on “Occupational Fraud 2022”, organizations lose 5% of revenue to fraud each year, equating to total losses in excess of 4.7 trillion US dollars lost to fraud globally.

Preventing financial crime in its infancy is therefore essential for the efficient and digital processing of client transactions and, for a data and technology-driven financial services provider like radicant, a key element in its understanding of good corporate governance. For this reason, radicant has chosen the award-winning software of Swiss FinTech company NetGuardians to improve its clients’ payment protection.

NetGuardians software forms customer profiles through its innovative behavioural analytics, machine learning, and artificial intelligence. The software monitors all transactions in real-time and provides a risk score by comparing it against the customer profile. The software reduces the volume of false positives, providing an excellent customer and user experience whilst decreasing operational costs. Machine-learning algorithms help financial institutions to discover and stay on top of emerging threats from fraud schemes.