As part of its ongoing digitalization efforts, Peruvian private bank Banco de Comercio has recently selected mobile and digital fraud prevention company Paygilant to bolster its newly established digital channel. The alliance is said to ensure that the bank's customers receive fast, accessible, and secure digital and mobile banking services.
The Israeli company's solution was chosen because it provides robust mobile fraud prevention without impacting the user's experience, according to the bank.
"With Paygilant, we are confident that our new digital platform will let our clients transact with a high degree of security and simplicity," said Aron Kizner, CEO of Banco De Comercio. Kizner emphasized the importance of the Paygilant platform as part of the digital channel, stating "Paygilant will be the backbone to our new digital platform focused on customer experience, simplicity and fraud prevention."
Paygilant's solution is designed for digital banks that require fraud prevention, without compromising the user's experience. Paygilant enables financial institutions like Banco de Comercio to attain customers' trust, accelerate growth and prevent money loss.
"We are delighted to partner with Banco De Comercio to provide Peruvian customers the highest standards in fraud prevention and frictionless customer experience," said Ziv Cohen, CEO of Paygilant.
Banco De Comercio is part of a group led by the Caja de Pensiones Militar Policial, an institution in charge of managing the pension fund for the personnel of the Armed Forces and the National Police of Peru.