Fintech leader joined Swiss University to focus on artificial intelligence

FinTech leader NetGuardians and the School of Engineering and Management Vaud (HEIG-VD) have teamed to create a “made in Switzerland” research team focused on AI and machine learning; the project aims to use AI to take fraud detection “to the next level”. The project is being supported by the Swiss Commission for Technology and Innovation (CTI).

Bringing together leading-edge industry and academic strengths, the collaboration will further develop NetGuardians’ current real-time fraud detection technologies that use machine learning for superior analytics across all channels and banking systems. NetGuardians will work with the Institute for Information and Communication Technologies (IICT), an interdisciplinary applied research institute for real-world IT challenges, based at the technology-focused university HEIG-VD.

“At HEIG-VD, cross-disciplinary expertise brings varied academic perspectives to industry challenges,” says HEIG-VD Prof. Stephan Robert of the IICT. “To know industry needs better, and to transfer technology to market faster, working with industry leaders like NetGuardians is key to our strategy.

He adds: “Together we aim to harness the potential of machine learning and AI so financial institutions can drastically reduce current manual procedures in place and mitigate risks, detecting previously unimaginable fraud patterns.”

NetGuardians is hoping the collaboration will develop its real-time fraud detection capabilities, aided by a team from the Information and Communications Technologies (IICT) division at HEIG-VD.