Summa Fairness, a Stockholm-based non-public fairness agency, has acquired NetGuardians, a Swiss-based supplier in AI-driven fraud prevention and anti-money laundering options.
This opens a possibility for a collaboration between NetGuardians and Intix, one other Summa portfolio firm specializing in Know Your Transaction (KYT) information administration.
The brand new group is poised to advance the monetary safety panorama by driving the event of subsequent technology monetary crime options.
NetGuardians has earned widespread recognition for its pioneering strategy, underpinned by its proprietary 3D AI know-how.
Constructing on this basis, the synergy between NetGuardians fraud detection know-how and Intix’s monetary information administration make sense.
Talking on the brand new group, Gisle Glück Evensen, Associate at Summa commented:
“Cash laundering and fraud pose important challenges to the monetary system and society by the dangerous actions they assist. The mixture of Intix and NetGuardians represents the subsequent technology of instruments within the effort to fight these. We’re very enthusiastic in regards to the continuation of this journey.”
Talking on the brand new group, Joël Winteregg, NetGuardians CEO and future group CEO commented:
“In the present day marks a transformative second for Intix and NetGuardians. This strategic union offers a singular strategy to addressing monetary crime challenges, tackling points from information pipeline and traceability to superior AI analytics. We aren’t simply increasing our attain but additionally deepening our dedication to safe, sustainable monetary practices”.
Following the acquisition, Sergi Herrero, former Chair of Intix will assume the position of Chairman of the group. NetGuardians’ preliminary co-founders will play pivotal roles on this new enterprise and Raffael Maio will spearhead the group’s technique. Each will likely be instrumental in shaping the event and strategic route of the group.
Featured picture credit score: Gisle Glück Evensen, Associate at Summa and Joel Winteregg, CEO, Co-Founder and CSO of NetGuardians. Edited from freepik
