Finastra has announced a strategic partnership with FraudAverse to provide banks with an advanced AI-powered fraud prevention solution aimed at protecting financial institutions from increasingly sophisticated cyber threats.
The collaboration integrates FraudAverse’s fraud detection platform directly into Finastra’s Financial Messaging software, enabling banks to identify and prevent suspicious transactions in real time while reducing operational costs.
AI technology to combat rising financial crime
As digital payments continue to grow globally, banks are facing more complex fraud schemes. The new partnership seeks to address this challenge by combining Finastra’s financial messaging infrastructure with FraudAverse’s intelligent AI-driven security systems.
According to Stephanie Mitchell, Director of Product Management for Financial Messaging at Finastra, financial institutions require modern solutions that can keep pace with today’s rapidly evolving payments environment.
“As payment volumes grow and fraud tactics become more sophisticated, financial institutions must tap into robust, cloud-ready prevention solutions,” Mitchell said. “Working with FraudAverse enables us to bring a flexible offering to banks that is optimized for today’s fast-moving payments landscape.”
Real-time protection for instant payments
FraudAverse’s technology uses artificial intelligence and machine learning to detect both known and emerging fraud threats, with the system capable of deterring up to 99 percent of fraudulent transactions, according to the company.
Through the partnership, the FraudAverse platform will be pre-integrated into Finastra’s Financial Messaging solution, allowing banks to quickly deploy fraud detection tools without extensive IT resources.
The solution also offers:
- Real-time fraud detection for faster threat response
- Low-latency support for instant payment systems
- Scalable protection as payment volumes increase
- Reduced investigation time for fraud cases
Strengthening global financial security
Chief Executive Officer of FraudAverse, Constantin von Altrock, said the collaboration reflects the growing need for stronger fraud protection across the global financial sector.
“Financial crime prevention is a critical priority for financial institutions worldwide,” he said. “Our collaboration with Finastra combines advanced AI technology with seamless integration, empowering customers to protect their transactions in real time and with confidence.”
The solution supports multiple financial messaging formats and delivers instant decision-making capabilities, which are particularly critical for real-time payment systems.
Finastra said the partnership underscores its commitment to collaborative innovation in financial technology, providing banks with integrated tools that strengthen security while improving operational efficiency in the digital payments ecosystem.
