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NTT DATA Partners with Lynx to Revolutionise Fraud Detection in the Financial Services Industry
Lynx
Lynxโs Advanced Fraud Detection Solutions
Lynx originated from the University of Madrid twenty-five years ago, and enables leading financial institutions, including Santander, PagoNxt, BCP and Cielo, to evolve from reactive to proactive fraud prevention.
Lynxโs value proposition is AI-driven software which specialises in fraud detection and Anti-Money Laundering (AML). With its global presence, Lynxโs cutting-edge technology currently monitors 99.5% of all card transactions in Spain, 65% in Mexico, and 35% in Brazil.
Key features and benefits of Lynxโs solutions include:
- Daily adaptive models:ย These models reduce fraud and minimise disruption for genuine users by constantly evolving to detect new and sophisticated fraud attempts.
- Money Mule detection:ย A real-time risk model to detect inbound, fraudulent transactions, which is crucial for minimising losses once the new PSR regulations become effective.
- Lynx Flex:ย Being extensible allows financial institutions to submit data in their own format. This significantly reduces data mapping and professional services resources whilst enabling Lynx to evolve as new products and fraud typologies arise.
- 360-Degree Analysis:ย Provides a comprehensive view of customer behaviour across all channels, enhancing fraud detection accuracy.
- Multi-functional platform:ย A one-stop solution that allows customisation of risk thresholds, case management and real-time dashboard visualisation.
โWe are thrilled to partner with Lynx, a company that shares our commitment to innovation and excellence in the financial services industry,โ said Sumant Kumar, CTO, Banking and Financial Markets | Head of Innovation, at NTT DATA UK&I. โWith this new partnership, we will enhance fraud detection capabilities for banks worldwide, expanding our combined reach and ensuring safer transactions for all.โ
โOur collaboration with NTT DATA marks a significant milestone for Lynx,โ
said Lucy King, Director of Global Alliances, at Lynx.
โBy coupling NTT DATAโs extensive industry experience with our cutting-edge solutions, we are poised to transform the landscape of fraud prevention across the financial services industry.โ