HPS and Enigma AI Join Forces to Enhance Payment Security with Advanced Fraud Detection

HPS ccombines payments platform with Enigma AI to combat fraud

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This partnership combines Enigma's advanced AI capabilities with HPS's comprehensive payment platform, offering clients unprecedented security and efficiency in navigating the complexities of modern payment systems. In an era where fraud methods are becoming increasingly sophisticated, with phishing, vishing, identity theft, and other forms of fraud, it is essential for financial institutions to have tools that adapt and respond to dynamic threats. This solution protects transactions while ensuring a smooth and frictionless experience for customers. The strength of this system lies in the combination of two complementary approaches: on one hand, an advanced AI model that anticipates and detects emerging fraud patterns; on the other hand, a proven rule-based detection system that ensures effective identification of known suspicious behaviours. This synergy between AI and business rules provides optimal coverage against a wide range of threats, from the most sophisticated to the most common. In this powerful partnership, Enigma brings years of expertise in developing advanced machine learning models designed to detect and predict fraudulent activities with exceptional accuracy. These models analyse vast datasets, uncovering subtle anomalies that traditional rule-based systems may overlook. Meanwhile, HPS, with its scalable and versatile payment platform operating in over 95 countries, provides the necessary infrastructure to seamlessly integrate Enigma's AI capabilities into the business management of payments. This includes fraud prevention, detection, and mitigation mechanisms, covering both payment issuance and acquisition management, as well as authorisation management. This synergy ensures optimised protection for clients while maintaining smooth, uninterrupted operations across the globe. Enigma has already gained the trust of several of the world's largest financial and technology players. The company collaborates with over 50% of the Top 10 banks in the United States, a consortium of the largest American banks, as well as industry giants such as Chase Bank, PayPal, and Equifax. These references highlight the strength and effectiveness of the AI model applied to fraud prevention, now integrated into HPS's payment platform. "This partnership aligns perfectly with Enigma's mission to make financial ecosystems safer and more intelligent through the power of AI and our global expansion," said Hicham Oudghiri - CEO of Enigma. "Together with HPS, we're setting a new benchmark for fraud prevention and compliance." "This alliance with Enigma represents a major leap forward in payment security, combining cutting-edge artificial intelligence with HPS's world-class payment platform," said Abdeslam Alaoui Smaili - CEO of HPS. "By leveraging AI-driven fraud detection, we're able to offer businesses a truly innovative solution that not only anticipates and prevents fraud but also enhances the overall transaction experience. This is more than just a step forward in security; it's a transformation in how businesses can confidently navigate the future of digital payments."

HPS combines payments platform with Enigma AI to combat fraud

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This partnership combines Enigma's advanced AI capabilities with HPS's comprehensive payment platform, offering clients unprecedented security and efficiency in navigating the complexities of modern payment systems. In an era where fraud methods are becoming increasingly sophisticated, with phishing, vishing, identity theft, and other forms of fraud, it is essential for financial institutions to have tools that adapt and respond to dynamic threats. This solution protects transactions while ensuring a smooth and frictionless experience for customers. The strength of this system lies in the combination of two complementary approaches: on one hand, an advanced AI model that anticipates and detects emerging fraud patterns; on the other hand, a proven rule-based detection system that ensures effective identification of known suspicious behaviours. This synergy between AI and business rules provides optimal coverage against a wide range of threats, from the most sophisticated to the most common. In this powerful partnership, Enigma brings years of expertise in developing advanced machine learning models designed to detect and predict fraudulent activities with exceptional accuracy. These models analyse vast datasets, uncovering subtle anomalies that traditional rule-based systems may overlook. Meanwhile, HPS, with its scalable and versatile payment platform operating in over 95 countries, provides the necessary infrastructure to seamlessly integrate Enigma's AI capabilities into the business management of payments. This includes fraud prevention, detection, and mitigation mechanisms, covering both payment issuance and acquisition management, as well as authorisation management. This synergy ensures optimised protection for clients while maintaining smooth, uninterrupted operations across the globe. Enigma has already gained the trust of several of the world's largest financial and technology players. The company collaborates with over 50% of the Top 10 banks in the United States, a consortium of the largest American banks, as well as industry giants such as Chase Bank, PayPal, and Equifax. These references highlight the strength and effectiveness of the AI model applied to fraud prevention, now integrated into HPS's payment platform. "This partnership aligns perfectly with Enigma's mission to make financial ecosystems safer and more intelligent through the power of AI and our global expansion," said Hicham Oudghiri - CEO of Enigma. "Together with HPS, we're setting a new benchmark for fraud prevention and compliance." "This alliance with Enigma represents a major leap forward in payment security, combining cutting-edge artificial intelligence with HPS's world-class payment platform," said Abdeslam Alaoui Smaili - CEO of HPS. "By leveraging AI-driven fraud detection, we're able to offer businesses a truly innovative solution that not only anticipates and prevents fraud but also enhances the overall transaction experience. This is more than just a step forward in security; it's a transformation in how businesses can confidently navigate the future of digital payments."