Switzerland-based Luzerner Kantonalbank (LUKB) has selected fintech NetGuardians to improve its fraud-prevention systems.
LUKB is implementing NetGuardians’ AI-based fraud-mitigation software as part of its defences against payment fraud. The software builds up accurate profiles of a bank’s customers, allowing it to spot suspicious transactions with a high degree of accuracy. This means fewer calls to customers to verify payments, helping to cut costs and improve the customer experience.