Whish Money to Deploy Visa’s Featurespace to Strengthen Real-Time Fraud Prevention in Lebanon.
Whish Money will deploy the AI-powered fraud prevention solution across multiple payment channels, using real-time risk scoring and decisioning to help detect suspicious activity
Dubai(News Desk):: Whish Money, a leading fintech, today announced it is collaborating with Visa to deploy Featurespace, Visa’s AI-powered fraud prevention solution, to strengthen its fraud and scam detection capabilities across multiple payment channels in Lebanon.
Fraud can span multiple transactions, channels and customer interactions, making a broader view of
activity important when assessing risk. Featurespace uses Adaptive Behavioral Analytics to analyze
customer activity and interactions across payment channels in real time. By bringing together transaction
and behavioral data, the solution provides risk scores and decisioning designed to help identify unusual
behavior and suspicious transactions.
Whish Money, which processes more than $40 billion in payments annually, will deploy these capabilities across its payments ecosystem to strengthen how it monitors and manages fraud risk as its business continues to grow.
“Protecting our customers starts before money moves,” said Jad Koussa, CEO of Whish Money. “As we
grow, we need technology that can keep pace with how our customers use our services and how fraud is
evolving. By deploying Featurespace, we can strengthen how we identify suspicious activity across our
payment channels and make more informed risk decisions, helping our customers send, pay and receive
money with greater confidence.”
Walter Lironi, Head of Value-Added Services for Central and Eastern Europe, Middle East, and
Africa (CEMEA) at Visa, said: “Managing fraud increasingly requires a view that extends beyond an
individual transaction. Featurespace expands the fraud prevention capabilities Visa can bring to clients by
combining behavioral analytics and real-time risk scoring and decisioning with our network-level risk
capabilities. This can help clients like Whish Money better understand activity across different channels and make more informed risk decisions as fraud continues to evolve.”
About Whish Money:
Whish Money is a leading fintech with offices in Beirut, Washington, Montreal, London and Dubai, serving more than 2.5 million users. Its diverse portfolio of digital financial services includes versatile payment solutions, secure remittances, Visa cards, and comprehensive merchant tools tailored for both businesses and individuals. Built on trust, proven technology and a strong partner network, Whish Money enables money to flow seamlessly across borders.
Learn more at https://www.whish.money/
