Al Rajhi Bank taps Feedzai for Digital Bank

Al Rajhi Bank Malaysia (ARBM) is implementing the risk-ops platform Feedzai’s cybersecurity in an effort to protect the clients of its new digital bank.

The risk-ops platform integration will assist the digital bank in meeting various security requirements throughout its operations.

The cloud-based system includes a full range of integrated fraud and anti-money laundering (AML) solutions, from customer due diligence to watchlist screening and transaction monitoring, as well as device authentication, malware defence, behavioural biometrics, and malware detection.

Additionally, Feedzai performs a number of fraud detection scenarios that will assist the bank to find security flaws before the criminals can. These scenarios encompass classic con games and account takeovers.

The 2021-founded digital bank stands out for “its high levels of innovation, customer-centricity, and reliability,” according to an official release.