IT Smart Systems has announced a strategic partnership with Feedzai to strengthen fraud prevention capabilities across digital banking platforms. The collaboration combines Feedzai’s AI-native financial crime prevention technology with ITSS’s specialized expertise in digital banking integration and delivery systems.
The partnership targets the growing threat of financial fraud affecting digital banking channels, where sophisticated criminal operations continue to exploit vulnerabilities in payment systems and customer verification processes. Financial institutions working with ITSS will now gain access to Feedzai’s advanced artificial intelligence tools designed to detect and prevent fraudulent transactions in real-time.
The move reflects mounting pressure on banks and fintech providers to bolster security infrastructure as fraud losses escalate industry-wide. Digital banking platforms integrated through ITSS will benefit from enhanced protection layers, potentially reducing operational risks and regulatory exposure for their clients.
FXnCO Insight
Banks and payment processors using ITSS infrastructure should evaluate how this Feedzai integration affects their fraud detection capabilities and consider timeline for implementation to strengthen client protection measures.
Source: Finextra