As real-time payments redefine the global financial landscape JT Mobile Intelligence is intensifying its American operations to respond to the growing market. Following the acquisition of Spectrum Message Services, specialists in combining mobile communications platforms with anti-fraud and payment systems, JT have added to their impressive portfolio of Mobile Intelligence services with MoneyGuard. As an advanced mobile alert system, MoneyGuard is designed to help financial institutions fight fraud through real-time omni-channel communications including SMS, WhatsApp, push alerts, email and voice. Used globally it helps businesses cut costs through reducing false positives and customer support enquiries. For consumers it provides superior protection against scams enabling them to seamlessly deny or confirm suspicious transactions flagged by their banks and avoiding the potential of account/card blocked or transaction declined instances.
Andreas Suma is leading this expansion in North and Latin America. He brings over two decades of experience in developing growth strategies for top firms in the fraud prevention domain as well as significant experience in payments and digital channels across the hemisphere, including ACI Worldwide, FICO, and Clickatell. His expertise is crucial in tailoring MoneyGuard to meet the specific challenges of the American markets.
According to recent statistics, incidents of fraud involving payment platforms continue to see notable increases, with consumers reporting a 50% rise in fraudulent activities last year alone. This trend is forecasted to continue, driven by evolving fraud threats and the increasing adoption of real time payments. MoneyGuard tackles this challenge head-on by integrating sophisticated mobile intelligence and customer engagement capabilities into everyday financial transactions, enhancing fraud detection and prevention in real-time. MoneyGuard currently protects over 130 million customer accounts globally and supports comprehensive communication via SMS, WhatsApp, mobile app push notifications, email, and voice, keeping customers informed through convenient, cost-effective, and preferred channels.
Tom Noel, Chief Product Officer, JT Group, said, “Our expansion into the US is driven by the urgent need for cutting-edge, accessible technology that secures consumers’ finances against increasingly sophisticated threats. MoneyGuard represents the pinnacle of our innovative efforts, blending real-time fraud detection with mobile intelligence solutions to provide a steadfast defense for consumers.”
Andreas Suma, Managing Director, JT Mobile Intelligence, added, “The proven MoneyGuard solution is an ideal fit for the US market as consumers increasingly adopt real-time payments. Increasing usage of alternative payments and wallets, including the impending entry of FedNow standards, will accelerate this shift. Capabilities such as MoneyGuard allow better protections to consumers and greatly minimize friction with consumers engaged through traditional channels while notably reducing operational costs.”
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