Re-understanding fraud in the African financial sector with Zach Bijesse
When people think about fraud, their minds jump straight to identity theft or the typical online scam. And sure, those are real issues, but during our recent conversation on AFRICA FINANCIAL SUMMIT at Casablanca, we were able to delve deeper into the real problem: the rapid evolution of fraud without us realizing it, even when […]
KYC is not enough in Africa. How Archer delivers the next-generation KYC solution
Across Africa’s digital markets, fraud is evolving faster than traditional verification methods can adapt. While many businesses still rely on basic identity checks, Archer explains clearly that “KYC is not enough” in Africa. Fraudsters bypass KYC through duplicate accounts, social engineering, and low-level identity manipulation. This gap has created strong demand for a KYC solution […]
Archer’s Rule Backtesting: Instantly test your fraud rules before they go live
You launch a new rule to stop fraud. And suddenly your best customers are getting blocked.It happens to every fraud team. In fraud prevention, one bad rule can cost thousands in lost customers. Archer’s backtesting helps you catch those mistakes before they happen. Here’s why testing matters before you launch any new rule. New rules […]
Build any fraud rule from scratch with Archer’s Decision Engine
Sub-Saharan Africa has over 600M active bank accounts. If even only 1% were fraudulent, that’s 6M accounts moving stolen money right now. So how do you spot the bad actors? 🤔 Over 90% of banks and fintechs have a fraud prevention system in place. But fraud keeps happening while genuine customers are blocked. For example, […]
Transaction Monitoring that’s built for the anti-fraud and AML needs of Africa
There’s a Swahili proverb that goes, “If you don’t close the holes, you’ll have to rebuild the walls.” Since arriving in Africa, this saying has never felt truer, especially in cybersecurity. Even when companies try to keep fraudsters out, someone always finds a crack. In fact, most financial institutions in Africa saw this firsthand, with […]
Merchant Risk Monitor’s detects risky and fraudulent SME and business customers
Traditional approaches like KYC checks and manual reviews can easily be bypassed by fraudsters. That’s why we created Archer’s Merchant Risk Monitor. This tool is designed to help you keep a close eye on the merchants using your own platform and stay safer anytime. It doesn’t just verify merchants once, it continuously investigates and monitors […]
Fighting fraud inside out with Archer’s Internal Fraud Finder
A few months ago, we were on a business trip to Lagos, Nigeria, a vibrant hub of digital growth in Africa. During a meeting with one of our clients, a fintech company, they shared a challenging problem: one of their employees had used company networks and their know-how to commit fraud. Naturally, the client didn’t […]