Author: Navina Vivekanandan

Hong Kong’s virtual bank ZA has reported a 400% improvement in its risk control and cybersecurity capabilities through the use of in-house developed systems. The bank’s proprietary systems now allow for real-time fraud monitoring of 100,000 transactions daily, a fourfold increase in efficiency since its inception. ZA Bank’s anti-fraud decision-making has been accelerated to as fast as 40 milliseconds, nearly four times quicker than when it first began operations. Additionally, the system is capable of analysing and processing an average of 10 transactions per second. The bank has also made headway in using network analytics to uncover suspicious financial activities,…