NetGuardians, an award-winning Swiss FinTech celebrated for revolutionizing fraud prevention in more than 30 countries, today announced a remarkable funding milestone of CHF 40,000,000. This new injection of capital underscores the confidence that investors have in a company that is already transforming the financial landscape with its intelligent artificial-intelligence (AI) solutions. Serving over 80 banks worldwide – including prominent names such as UOB and Pictet & Cie – NetGuardians has proven its ability to drastically reduce false positives by up to 85 percent and cut down investigative times on fraudulent activities by an astounding 93 percent. By detecting new cases of fraud so effectively and efficiently, its innovative technology is proving indispensable for major banking software platforms like Finastra, Avaloq, Mambu, and Finacle.
The fresh funding will further accelerate NetGuardians’ commitment to securing real-time payment systems across global financial institutions. The company plans to invest not only in cutting-edge research and development initiatives but also in expanding its international presence, with operations already established in key financial hubs such as Singapore, Kenya, and Poland. By bolstering its market footprint and accelerating collaborations with established vendors, NetGuardians is poised to continue its leadership in the fraud-prevention arena. Additionally, strategic investments will enhance the robustness of its digital ecosystem, ensuring that banks worldwide are better equipped to combat the evolving landscape of financial fraud. With accolades including recognition in Gartner’s 2020 Market Guide for Online Fraud Detection and the Chartis RiskTech100 List in 2021, NetGuardians is well-positioned to redefine industry standards by protecting financial networks for years to come.
