Swissquote, the Swiss market leader in online transaction services, has announced that it has selected NetGuardians, a Swiss regulated technology company, to enhance its fraud prevention and mitigation capabilities and comply with anti-money laundering (AML) related regulatory requirements.

Specifically, NetGuardians' AI-based financial crime solution will monitor all transactions within the bank and its digital banking app Yuh, capturing things like authorized push payments (Joel Winteregg, CEO and co-founder of AuthorizeetGuardians, said: "We are very happy to have Swissotel deploy us.

NetGuardians AI-based AML transaction monitoring and fraud prevention solutions. Financial crime prevention is a constant battle. We want to ensure that consumers have a secure and seamless financial experience, which can be achieved by reducing false positives and the threat of payment fraud. We look forward to working closely with Swissotel to crack down on financial crime."

Earlier this year, Swiss payment app Twint also chose NetGuardians to leverage its behavioral analytics, machine learning, and AI

Monitor and detect abnormal payment behavior on the payment app in real time and give a risk score through analysis.