Ailleron, a software house specializing in financial technology services, and Nethone, a global machine learning-powered fraud prevention SaaS company, have announced a technology partnership to enhance digital retail banking services and further develop KYC offers. Cooperation with Nethone will further amplify Ailleron’s cybersecurity, AML (anti-money laundering)and fraud prevention capabilities.
The partnership comes when cybersecurity threats remain ever-present challenges and become more sophisticated. Cybercriminals are becoming more skilled at adapting their tools and techniques to bypass fraud detection and AML measures. With Nethone’s solutions, Ailleron can face these challenges head-on while simultaneously improving the customer experience with efficient and frictionless authentication of all users.
“Our clients’ common challenges are streamlining customer interactions during identity verification (IDV) and improving customers’ digital enrollment and authentication experiences. Partnership with Nethone allows us to deliver highly anticipated software solutions in these areas. In 2023 we bring further machine learning adoption to support security, risk, AML, fraud management, and compliance professionals. Algorithms that can look at hundreds of contextual parameters and learn from investigator feedback are becoming the norm” – emphasizes Michał Walerowski, Business Unit Director AI/ML & Data Solutions at Ailleron.
Cooperation between the two companies follows Nethone joining MangoPay Group, resulting in the fraud fighters now having access to EUR 75 million in capital investment. In addition, Nethone has been successfully cooperating with over 100 global eCommerce, digital goods, and financial services organizations since its foundation in 2016.
“We are delighted to be working with Ailleron to help bring them and their clients success through innovation. Our solutions not only aid cybersecurity measures and effectively detect and prevent fraud, but they impact the overall customer user experience – something that both of our companies place great importance on. This approach is the key to success” – said Hubert Rachwalski, CEO of Nethone.
About Ailleron
Ailleron provides technology services for fintechs, leasing companies, banks and other financial industry players, mainly in Europe and Southeast Asia. Its mission is to make financial experiences easy and enjoyable for everyone. It develops innovative IT solutions based on cloud technology, data science and artificial intelligence. Ailleron’s clients include banks such as Citibank, ING, Santander, BNP Paribas, Standard Chartered and Credit Agricole. The Ailleron Group provides services to more than 200 clients in 40 countries and employs more than 1,500 specialists in Europe and America. It has been a publicly traded company since 2011.
About Nethone
Nethone offers a proprietary machine learning-based product designed to protect the entire user journey, from onboarding to post-payment, at the same time helping eCommerce merchants and financial institutions to holistically understand their end-users (good and bad). With the award-winning Know Your User (KYU) profiling technology and AI-powered tools, Nethone blocks all risky users without friction to the good ones by exhaustively screening every single one. In 2021 Nethone was named Poland’s fastest-growing company in the ’Deloitte Technology Fast 50 Central Europe’.