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Home News

Summa Equity Acquires NetGuardians

September 26, 2024
Reading Time: 2 mins read
in News

Summa Equity, a private equity firm based in Stockholm, has acquired NetGuardians, a Swiss leader in AI-driven fraud prevention and anti-money laundering (AML) solutions. This acquisition will create an opportunity for collaboration with another Summa portfolio company, Intix, which specializes in Know Your Transaction (KYT) data management. Together, the two companies will aim to drive the development of advanced financial crime solutions.

NetGuardians is known for its innovative 3D AI technology that combines unsupervised, supervised, and active learning with community scoring intelligence. This technology enables real-time detection of unusual payment transactions and reduces false positives, ensuring legitimate transactions are processed seamlessly. The company serves over 100 clients across 30 countries and has earned recognition as a pioneer in financial crime prevention.

The acquisition strengthens Summa’s investment in the financial security space, as NetGuardians has seen significant growth in recent years. With this acquisition, the synergy between NetGuardians’ fraud detection systems and Intix’s financial data management platform will offer a more comprehensive solution for financial institutions. The combination of these technologies will enable more effective protection against financial crimes and reduce the complexities of financial data management.

The newly formed group will focus on developing next-generation financial crime prevention tools and promoting an economy of trust. Their work aligns with the United Nations’ Sustainable Development Goals related to economic growth, reducing inequalities, and promoting peace and justice. The partnership between NetGuardians and Intix is set to redefine the landscape of financial crime prevention.

 

Reference:

  • Summa Equity acquires NetGuardians to create next generation financial crime solution

Tags: acquisitionsCyber NewsCyber News 2024Cyber threatsNetGuardiansSeptember 2024StockholmSumma Equity
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