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Tinkoff Bank selects IRIS fraud prevention

Tinkoff Bank, Russia’s leading provider of online retail financial services and a large credit card issuer with 4.8 million cards issued, has selected IRIS Analytics’ fraud prevention solution.

IRIS has been provided to Tinkoff Bank by Wincor Nixdorf, key partner of IRIS Analytics

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Tinkoff Bank deploys IRIS for fraud prevention for all payment channels

for worldwide sales, implementation and post-sales support. The Wincor Nixdorf Russia organisation was quick to see the potential of IRIS in their market, and this is their second new business win with IRIS.

IRIS puts Tinkoff Bank in the unique position of securely detecting fraud patterns that involve multiple payment channels in real-time. These types of fraud attacks typically involve major losses and can only be identified by profiling all payment and non-monetary transactions of account holders and merchants. IRIS contains unique functionality that enables merging transaction histories for any number and type of payment channels.

Anatoli Makeshin, VP for Payment Systems and member of the Management Board at Tinkoff Bank, comments: “Tinkoff Bank is the only fully branchless bank in Russia which operates through a high-tech financial services platform providing us deep reach all over the country.

The quality of the client service, be it consumers or merchants, is paramount to us and we invest in technologies that help us ensure the security of our clients’ transactions.  IRIS enables us to provide the best possible protection against payment fraud with minimum customer disruption, thus adding significantly to our ability to meet our customers’ needs.”

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