Arab Financial Services (AFS), the leading digital payments solutions provider and fintech enabler in the Middle East and Africa, today announced that its bank clients across the region experienced zero fraud losses over the past 12 months. This significant achievement is attributed to AFS’s advanced risk and fraud prevention tools, real-time monitoring systems, and dedicated team.
AFS provides its clients with comprehensive fraud protection by leveraging AI-powered analytics, real-time transaction monitoring, on-behalf fraud services, and advanced authentication tools. This robust framework not only safeguards customer data and secures financial transactions but also improves operational efficiency and builds long-term customer trust.
“This is a major achievement—not just for AFS, but for every banking partner we serve,” said Ajmal Basheer, AFS Head of Processing. “Our fraud management framework has proven its strength, protecting our clients and their customers. We remain committed to staying ahead of fraud through constant innovation, vigilance, and collaboration.”
Basheer further emphasized, “As the volume and complexity of digital transactions continue to grow, AFS is focused on empowering financial institutions to operate with absolute confidence and maximum efficiency, underpinned by our best-in-class fraud prevention capabilities.”
Beyond proactive defence, AFS’s sophisticated risk and fraud management solution delivers critical insights into emerging risk patterns and evolving fraud trends. This enables banks to make informed, strategic decisions that effectively neutralize future threats. AFS continues to make substantial investments in enhancing its fraud detection capabilities, ensuring they are faster, more accurate, and more intelligent to guarantee seamless and supremely secure digital payments across the entire region.
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