Finastra, a global provider of financial services software, has announced a strategic partnership with FraudAverse, a specialist in financial crime prevention and fraud detection. The collaboration introduces an advanced AI-powered fraud prevention solution designed to help financial institutions better protect payment systems and combat evolving fraud threats.
Through this partnership, Finastra’s Financial Messaging customers will gain access to FraudAverse’s intelligent fraud detection platform, which is capable of identifying and preventing fraudulent transactions in real time. As digital payments continue to grow rapidly worldwide, financial institutions face increasing pressure to safeguard transactions against increasingly sophisticated fraud tactics. The new solution aims to address this challenge by combining advanced artificial intelligence with seamless integration.
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Stephanie Mitchell, Director of Product Management for Financial Messaging and Messaging Services (FMM) at Finastra, emphasized the importance of modern fraud prevention tools in today’s payments ecosystem.
“Payment volumes are increasing globally, and fraud tactics are becoming more sophisticated. Financial institutions need powerful, cloud-ready prevention solutions to stay ahead,” Mitchell said. “By partnering with FraudAverse, we can offer banks a flexible and highly effective solution that is optimized for today’s fast-moving payments environment. We believe many of our customers will benefit from this pre-integrated capability.”
FraudAverse’s technology uses advanced AI algorithms to detect suspicious activity quickly and accurately. According to the company, its system can deter up to 99% of fraudulent transactions, helping banks significantly reduce the financial and reputational damage caused by fraud.
The FraudAverse platform will be pre-integrated with Finastra’s Financial Messaging software, allowing banks to deploy the solution quickly without requiring extensive IT resources. This integration enables financial institutions to detect and respond to fraud attempts faster while maintaining low latency — a critical requirement for instant payments and real-time transaction processing.
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In addition to real-time fraud detection, the solution helps banks streamline investigation processes. By reducing the time needed to identify and analyze suspicious transactions, financial institutions can operate more efficiently and focus resources on higher-value tasks.
Constantin von Altrock, CEO of FraudAverse, highlighted the growing need for advanced fraud prevention technology across the financial industry.
“Preventing financial crime is one of the top priorities for financial institutions worldwide,” he said. “Our partnership with Finastra combines powerful AI technology with seamless integration, enabling banks to protect their transactions in real time and with greater confidence.”
The joint solution is designed to support multiple financial messaging formats while delivering instant fraud detection decisions. This capability is particularly important as banks increasingly adopt instant payment systems that require transactions to be approved within seconds.
With payment volumes continuing to rise and cyber threats becoming more complex, financial institutions are under pressure to adopt smarter security solutions. By combining Finastra’s financial messaging infrastructure with FraudAverse’s AI-driven fraud prevention technology, the partnership aims to help banks strengthen their defenses while improving operational efficiency.
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The collaboration also reflects Finastra’s broader commitment to innovation and partnership within the financial technology ecosystem. By working closely with specialized technology providers, the company continues to expand its capabilities and deliver integrated solutions that address real-world challenges facing banks today.
Ultimately, the Finastra–FraudAverse partnership is expected to provide financial institutions with a powerful toolset for combating fraud, enabling them to process payments faster while maintaining strong security standards in an increasingly digital financial landscape.
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