The anti-fraud move will provide additional safeguards to how radicant processes its clients’ digital transactions.

Payment flows need tools that effectively detect and prevent financial crime in an increasingly digitalised world. According to the Association of Certified Fraud Examiners report called “Occupational Fraud 2022”, businesses lose 5% of revenue to fraud each year, amounting to roughly $4.7tn in fraud losses globally.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

CFO and Co-CEO at radicant Roland Klay said: “NetGuardians’ AI-based risk platform is yet another facet of our robust security network. It is important we build our bank on the best possible software to fight fraud and provide our customers with a reliable and seamless product.

radicant is a provider of digital banking services (also known as neo bank), which gives customers access to personalised and sustainable banking, as well as wealth management solutions.

The bank became the first digitally sustainable bank, managing to align its policies with the 17 UN Sustainable Development Goals (SDGs).

In March 2022, it secured its banking licence from The Swiss Financial Market Supervisory Authority FINMA. The licence effectively allowed radicant to enter the market at the end of 2022.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Joel Winteregg, NetGuardians co-founder and CEO, also welcomed the partnership with radicant.

“We’re thrilled to be supporting radicant bank ag in its ongoing sustainability goals as it launches. Our software allows businesses like radicant to scale their product and deliver excellent service without the worry of payment fraud”, Winteregg said.