BIMBANK, Mauritania's leading Islamic bank and one of
the pioneers in digital banking, has chosen the advanced SmartVista Fraud
Management solution from BPC, a global leader in payment solutions, to
implement enterprise-wide fraud prevention, fully comply with the requirements
of the Central Bank of Mauritania, and ensure real-time protection across its
cards, core banking, and digital channels.
Over the past two years, as part of a program to
improve payment security at the national level, the Central Bank of Mauritania
has tightened anti-fraud regulations, mandating real-time monitoring,
automated alerts, and detailed reporting across all payment channels. At the
same time, the increase in the volume of electronic payments has attracted
modern fraudsters who, if undetected, could have caused significant losses for
banks.
BIMBANK
viewed a modern, scalable fraud-management solution as an essential step to
preserve trust in its services. Driven by the goal to become the country’s most
trusted financial institution, BIMBANK sought a future-proven platform that
could replace an ageing fraud system, satisfy tighter regulatory check-lists
and scale with rising transaction volumes.
BPC
SmartVista delivered that vision, enhancing BIMBANK protection of channels
through provision of advanced fraud management functionality. The two phased
project included linking the bank’s card switch and core-banking engine first,
followed by connection of the digital banking modules, giving fraud analysts a
single view of risk and a dynamic rules engine that blends real-time and
near-real-time monitoring. The solution features adaptive rule scoring, instant
notifications (SMS,email/push alerts), and an advanced case-management suite,
all hosted on-premise to meet local data-sovereignty rules. All connected
through the flexible integration capabilities of SmartVista that bridges
third-party services and in-house modules to the enterprise fraud management
solution.
Since
launch, leveraging SmartVista Fraud Enterprise Management solution, the bank
has intercepted all potentially fraudulent transactions through all
channels, giving BIMBANK, for the first time, powerful tools to
prevent fraud and gain actionable insights into complex patterns for the future
fraud and risk management strategy. BPC and BIMBANK fine-tuning of detection
logic will continue, while adding machine-learning scoring and expanded
reporting to strengthen preventive controls even further.
Nabil
Benhmida, Sales Manager Francophone Africa, BPC, said: “Every institution needs
future-proven tools to anticipate, prevent and stop fraud on every channel of
operation. SmartVista’s advanced, modular design lets BIMBANK plug new channels
into a single centralised network, satisfy regulatory compliance and stay ahead
of emerging threats in Mauritania. BPC helps tier 1, tier 2 banks, fintechs,
SMEs and other businesses to deliver innovative and best-in-class and proven
solutions that fit today’s and tomorrow’s payment trends and client’s needs.”
Abdellahi AHMEDNE, IT Director at BIMBANK,
added: "Before BPC SmartVista Enterprise Fraud Management, we didn't have
the advanced tools needed to detect them in time. Today, we see, stop, and
investigate events in real time. BPC's proven platform underpins our
strategy to lead Mauritania in secure banking.”
