Payment Service Providers

Ensure flawless synchronicity in the flow of funds across multiple banking ecosystems

 

BlackSwan’s award-winning ELEMENT™ allows payment service providers (PSPs) to increase the convenience of electronic payment methods while being proactive in monitoring the hyper-paced and dynamic transactional environment for fraudulent activities, money laundering, and terrorist financing. With ever-increasing regulator scrutiny and transaction volumes, PSPs need to evolve from rule-based alerting which used alone results in a high number of false positive alerts and can lead to regulator fines. Using ELEMENT, PSPs can benefit from intelligent AI-based monitoring with network and behaviour analysis, along with advanced rule-based capabilities.

ELEMENT’s ability to ensure quality data is easily accessible can help PSPs to feed chatbots and other interactive systems that customers will see on the front-end, reducing the time and effort associated with payment. Predictive AI algorithms promote tailored products and services to customers in an effort to strengthen the relationship. At the backend, AI is used to orchestrate vulnerability testing of platforms and systems in order to ensure all loopholes and entry points are identified and closed off before criminals can exploit them.  

 

Why BlackSwan?

 

• • Advanced Market Intelligence 

    Personalise your customer journey by building comprehensive customer profiles, obtaining an individualised understanding of customer preferences, and deriving rich insights that help tailor financial offerings.

 

• • Robust Risk Management

    Enable rapid decisions on credit and loans by dynamically monitoring the direct and indirect risk implications of entities and their connections while analysing the impact associated with major life events.

 

• • Sophisticated Compliance Capabilities

    Ensure you stay complaint, meet deadlines and can easily react to new regulations. Thwart money laundering and put a stop to fraudulent transactions.