Finland’s S-Bank taps Worldline for card fraud management solution
Global payment services provider Worldline has integrated its fraud management suite into the card issuing platform of Finnish bank S-Bank.
Finland’s S-Bank taps Worldline for fraud management suite
S-Bank will now be able to deploy “extensive” real-time fraud detection for debit and credit cards while boosting the efficiency of its card fraud and risk management.
The Worldline Fraud Management Suite (FRAMS) leverages artificial intelligence and rules modelling management, investigations and fraud case handling to detect and respond to fraudulent payments before they are even processed.
The suite incorporates a real-time rules engine for front-office authorisation, artificial intelligence and big data analysis for clearing and confirmed fraud cases, and a fraud case management tool for case handling and investigations.
Michael Steinbach, managing director of financial services business at Worldline, says: “The successful integration of the Fraud Management Suite at S-Bank, a major player in the Finnish market, underlines our increasing footprint in the Nordic region. With our solution, S-Bank can scale up without hesitation, at any given time.”
Last month, Worldline acquired a 40% stake in the Netherlands’ Online Payment Platform (OPP) for an undisclosed sum.
In July, the firm completed the acquisition of Eurobank’s merchant acquiring business in Greece.
