June 14, 2022: Leading ICT infrastructure, and systems integrator in Sub-Saharan Africa, Inlaks, has completed the NetGuardian (NG)-Enterprise Fraud Management Solutions for Dashen Bank. The NG Enterprise Fraud Management is an innovative solution that prevents systems from fraud and evaluates transaction behaviors in identifying suspicious transfers.
The project implementation which lasted for one year, saw Inlaks deploy various approaches to improve the Fraud Management Solution at the Bank. These include the deployment of over 80 million transactions aggregated to create profiles, the deployment of 11 Behavioral AI Models enabling customers to hit near real-time fraud, and the deployment of 24 advanced pattern-based models.
Additionally, the Bank can now manage and get the report for both internal and external fraud.
Commenting on the project, Olufemi Muraino, Executive Director, Inlaks said: “Inlaks is proud to have executed the NG Fraud Management Solutions for Dashen Bank. This utilization will enhance system ownership in protecting valuable assets for customers. The high point of our delivery is good customer service with quality handling, and we are glad to live up to that during implementation”.
Inlaks was also involved in the training of over 20 employees from the bank on the Net Guardians system Utilization and the deployment of over 20 Forensic investigations and Management dashboards.
While appreciating the efforts of Inlaks on the project, Chief Executive Officer, Dashen Bank said: “We appreciate the outstanding contribution of Inlaks in the successful implementation of the Enterprise Fraud Management System Project. The extended effort, teamwork, proficiency, and diligence exhibited were invaluable.’’
The Net Guardian uses artificial intelligence and machine learning capabilities in understanding transaction patterns enabling it to monitor internal and external fraud thereby preventing it before it happens.