Viva Wallet strengthened its fight against fraud through a new partnership with Fraudio, the Amsterdam-based next-generation payment fraud prevention & anti-money laundering AI-driven fintech.
This strategic partnership provides Viva Wallet with an edge with regards to dealing with fraud currently and, more importantly, in the future. It guarantees that Viva Wallet’s customers both on the merchant acquiring and card issuing sides have access to a thoroughly secure payment infrastructure for all their operations.
It builds on Viva Wallet’s vision, which is aimed at creating a unified and safe European payments system that allows customers to go global while remaining local.
Viva Wallet is empowered to divert its time and resources to its core business, while Fraudio takes over the fight against fraud & money laundering. Providing a flexible combination of automation and rich reporting, Fraudio enables Viva Wallet’s internal team with more agility in their decision-making process regarding fraud and AML.
Viva Wallet’s Co-Founder, Makis Antypas, stated on the deal: “Fraudio’s team has been extremely helpful to our current growth by providing us the ability to focus our efforts in a much more accurate manner to develop truly disruptive technology.”
Headquartered in The Netherlands, Fraudio has developed the next generation of Fraud detection & AML with its patented AI technology. The firm’s AI Machine learning is ideally suited to fraud detection, and additionally, it learns and evolves automatically.
João Moura, Fraudio’s Founder and CEO, added: “Working closely with Viva Wallet has been enriching in many ways so far, yet I want to highlight the sheer vision behind this company is so clear, and you can see that with anyone you come in contact with from their teams.
“We are excited to have this opportunity to serve a company that beyond any doubt is, and will become much more, a predominant player in their space and any other space they set out to be in”