Streamlining Fraud Prevention for a Leading African Payments Company
FraudNet helps a Leading African Payments Company achieve a 90% reduction in fraud.
Pan-African Digital Payments Platform
This pioneering company enables businesses to scale efficiently and securely across Africa. Their robust and trusted technology processes over 1 million transactions daily and provides a single, simplified access point to multiple countries, licenses, and partnerships.
- Processes 350+ million annual transactions across 200+ payment methods.
- Serves 24 countries with comprehensive payment solutions.
- Specializes in collections, disbursements, and transactional alert ecosystems.
Scaling Beyond Traditional Fraud Prevention Limits
As this leading African payments company expanded its digital payment services across the continent, it faced an escalating fraud landscape that its existing prevention system couldn't match. Their previous solution struggled with restricted transaction data, fragmented sources, and an overwhelmed fraud team unable to scale beyond card payments.
The system lacked flexibility to adapt to evolving fraud patterns, including cyber incidents, account takeovers, merchant-initiated fraud, and chargeback abuse. Beyond fraud prevention, it needed to streamline processes through intelligent risk bucketing and automation to improve operational efficiency.
AI-Powered Risk Intelligence and Automation
Fraudnet deployed a comprehensive solution leveraging machine learning models alongside an agile fraud rules engine to enable intelligent, real-time transaction decisioning across all payment channels.
Scalable Fraud Prevention Architecture
The solution provided flexible, scalable fraud prevention that adapted to the client's expanding payment ecosystem, supporting multiple payment methods and channels across African markets with unified monitoring and control.
Intelligent Risk Bucketing
Advanced AI/ML models assign highly accurate risk scores, enabling automated approval of very low-risk transactions while flagging high-risk activities for immediate review and cancellation.
Advanced Analytics and Reporting
The platform's customizable dashboards and reporting capabilities provided the fraud team with unprecedented visibility, enabling data-driven strategies to combat sophisticated attack vectors targeting their merchant portfolio and payment channels.
Real-Time Transaction Intelligence
Fraudnet deployed a tailored solution leveraging machine learning risk scoring models and fraud rules to enable intelligent, real-time transaction decisioning, enabling the client to review high-risk payments, automatically approve low-risk transactions, and monitor evolving fraud trends.
90-Day Performance
Fraudnet's intelligent automation enabled the African payments company to dramatically reduce manual review overhead while maintaining robust fraud prevention across its expanding transaction ecosystem.
Our previous solution couldn't keep pace with our expanding operations and overwhelmed our team with manual reviews. Fraudnet's AI-driven platform has transformed our fraud prevention capabilities - the intelligent risk bucketing and real-time decisioning have dramatically improved our operational efficiency while providing the robust protection our growing business demands.
Head of Risk Management
Comprehensive Platform Built for Scale
Fraudnet's AI-powered risk engine, flexible rules management, and advanced reporting offered the dynamic fraud prevention platform required for market expansion.
90-Day Performance
Fraudnet's intelligent automation enabled the African payments company to dramatically reduce manual review overhead while maintaining robust fraud prevention across its expanding transaction ecosystem.
91%
decrease in false declines
90%
reduction in fraud
75%
reduction in manual reviews
Comprehensive Platform Built for Scale
Fraudnet's AI-powered risk engine, flexible rules management, and advanced reporting offered the dynamic fraud prevention platform required for market expansion.
