NetGuardians

regtechauthentication and fraud prevention

FOUNDING YEAR: 2007
LOCATION: Switzerland
Last Update: 19/01/2021

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About

NetGuardians is an award winning Swiss FinTech. Established in 2007, we help over 50 Tier 1 to Tier 3 banks worldwide to fight financial crime. NetGuardians developed the first augmented intelligence solution made for banks to proactively prevent fraud. We empower our clients by providing machine learning technology together with contextual information and great user experience. Banks using NetGuardians solution achieved 83% reduction in false positives, saved 93% of the time lost in fraud investigation, and prevented new fraud cases. We were recognized as Gartner Cool Vendor in 2015 and Chartis RiskTech 100 Vendor in 2018.

MEDICI Analysis

NetGuardians provides fraud and risk assurance software solutions to fight fraud and facilitate regulatory compliance. It leverages Big Data to correlate transactional data and human behavior across channels and bank application layers.

Focus

PRODUCTS & SERVICES

FraudGuardian: It enables financial institutions to address specific fraud challenges (e.g. mobile banking, payment fraud, e-banking, account takeover, identity theft) with bundles containing predefined controls. RiskGuardian: RiskGuardian is a compliance automation solution that helps organizations to meet their operational risk and compliance challenges with a range of predefined controls packaged bundles which are designed specifically for regulations and operational standards.

MAIN CLIENTS

20+ banks across the globe. Ex.: SwaziBank

Santander Private Banking

Swissquote Bank

Commercial Bank of Africa

NIC Bank

National Bank of Kuwait

Commercial Bank of Ethiopia and others.

EXISTING PARTNERSHIPS

Partners with multiple core banking venndors and IT solution providers to provde NetGuardians solutions to their customers. Examples include Temenos

Avaloq

BehavioSec

Sofgen

Finnova and others.

COMMENT

NetGuardians has acquired 20 new clients worldwide, opened new offices and recruited local teams in Singapore and in Kenya(May 2017).

People

FOUNDERS

Joel Winteregg

BOARD MEMBERS AND ADVISORS

Guillaume Dubray

Victor Orlovski

Olivier Berthon

Olivier Trancart

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Fortross Ventures

Orbium

Polytech Ecosystem Ventures

Swisscom

Polytech Ventures

SBT Venture Capital

Freemont Management.

Swisscom Ventures

Foundation for Technological Innovation (FIT)

KEY EMPLOYEES:

Joel Winteregg (CEO); Raffael Maio (COO)

Raffael Maio

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

5

TOTAL FUNDING

$35.35 M

DATE OF LAST FUNDING

Dec 2020

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company will use the funds for global expansion and for further investment in its proprietary behavioral software platform. (May 2017)

ESTIMETED REVENUE RANGE

$1M to $10M

FUNDING SERIES

SERIES A  · $2.23 M  · Oct 2011

SERIES B  · $5.21 M  · Oct 2014

SERIES C  · $8.71 M  · May 2017

SERIES D  · $19.2 M  · Dec 2020

DEBT FUNDING

$90.38 K

LISTED

NO

company provided insights
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Innovation Programs

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