Kenya gets Swiss help to combat fraud

Written By Michael Maunda on Sunday, December 1, 2013 | 8:12 PM

NetGuardians have offered their services to partner with local banks in a bid to help eradicate illegal monetary dealings within companies.

The Swiss software company reportedly offers an intelligent system which monitors banking activities and transactions, writes The Capital.

NetGuardians CEO, Joel Winteregg stated “The issue of fraud is mainly around user behaviour and mostly within the institutions. For example when you watch people doing some transaction from the same computer that should be a reason to raise an alert, just to focus on them”, via The Capital.

The Capital reports Commercial Bank of Africa and the NIC Bank have already adopted the somewhat revolutionary programme which seeks to end the increasingly high fraud rates.