India-based Federal Bank has selected ACI Worldwide and its UP Payments Risk Management solution. $12.4m was lost to fraud in India during Q4 2019 Starting off as a private bank founded in 1931 named Travancore Federal Bank, it has since become one of India’s largest private sector banks, with assets of around $22 billion. Federal Bank has 1,200 branches and over 1,600 ATMs and claims to have a customer base of more than 10 million. Through its tie-up with ACI Worldwide, the bank is aiming to identify fraudulent card activity, mitigate losses and enhance customer relationships. While security challenges for…
Federal Bank picks ACI Worldwide to boost fraud protection
Federal Bank picks ACI Worldwide to boost fraud protection
