In order to enhance customer experience and prevent mobile fraud, Surf Bank Brazil, a mobile-based digital bank and a microfinance Institution, chose Paygilant, mobile payments fraud-prevention and authentication solution provider to secure its digital bank.

“Paygilant was a perfect fit for our needs, as its solution demonstrated superb fraud prevention capabilities,” said Yon Moreira, CEO of Surf Bank. He further mentioned the worrisome account takeover activities coursing through the region due to which numerous SMS verifications are sent to their customers, will now be negated with Paygilant as it provides Surf Bank with a solid fraud solution.

Surf Bank, catering to the mobile based digital banking customers with services as microfinance, bills payment, money transfer, pre-paid card recharges and more, with much at stake needed a robust fraud prevention solution that would not have an adverse effect on its customers’ payments experience. This was answered by Paygilant.

Ziv Cohen, Paygilant’s CEO, stated that its solution is designed for challenger banks, to distinguish between fraudulent and legitimate transactions, throughout the entire user-journey. With that it spurs challenger banks towardsaccelerated growth by winning over its customer’s trust, and not resulting in financial loss. Cohen also said that they are honoured to be working with a forward-thinking organization like Surf Bank.

Israel’s ambassador to Brazil, Yossi Shelley, expressed his pleasure and delight on seeing an Israeli high-tech and Brazilian Fintech coming together to create a secure payment experience. He said “Israel’s commitment to securing the cashless world has reached Latin America.”

About Surf Bank 

A part of the Surf Group in Brazil, the first to combine telecommunication and financial services, Surf Bank came into being with the aim of freeing Brazilian bank customers from the bureaucracy of traditional banking. Its digital payment account streamlines the way clients carry out their financial activities. Using the Surf Bank’s app customers can carry-out financial transactions and top-up their Correios Celular account using a single smartphone.

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About Paygilant

A revolutionary digital payments anti-fraud company, Paygilant functions as a hub for mobile payment providers, seeking for a fraud prevention & user authentication in a single SDK integration. It enables financial and eCommerce organizations to boost their revenue by enhancing the user experience and stopping fraud before the transaction occurs. Its patented technology that utilizes six proprietary intelligence sets is easily integrated and stands to deliver value from day-one.

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The Media Bulletin (TMB) is a diversified publisher and a digital media service company. Consistently at the forefront of innovation and technological advancement, TMB endorses digital technology to provide unique experiences to its audience through news, objective-oriented research and articles, and industry expert commentary.

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