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.
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