BANK OF ABYSSINIA CHOOSES NETGUARDIANS TO STRENGTHEN ITS FIGHT AGAINST FRAUD
Yverdon-les-Bains, 25 September, 2021: Award-winning Swiss FinTech NetGuardians, renowned for its enterprise risk platform for combatting bank fraud, announced it has been selected by Bank of Abyssinia to further enhance fraud prevention.
With more than 5.5 million customers, Abyssinia is one of Ethiopia’s largest banks and operates more than 630 branches across the country. It is a full-service bank on a domestic and international basis and recently reported a total assets of ETB 110 billion. It has chosen NetGuardians enterprise fraud solution to mitigate both internal and external fraud across all its payment channels at a time when digital growth demands strong fraud protection. The NetGuardians solution was also chosen for its easy integration into the bank’s T24 core banking platform from Temenos.