Tyfone has joined forces with Advanced Fraud Solutions, a leading provider of fraud prevention tools, to combat rising fraud risks in commercial banking.
The partnership introduces an integrated solution that enhances transaction security and strengthens fraud defences for banks and credit unions.
The collaboration addresses a critical gap in fraud prevention, particularly the underuse of Positive Pay solutions. While check fraud continues to surge, 65% of banks report that less than half of their treasury clients are actively using such tools. By combining Tyfone’s digital banking technology with AFS’s Positive Pay capabilities, the two companies aim to provide a more proactive and user-friendly solution.
Tyfone’s nFinia platform is designed to offer a flexible and robust digital banking experience for both retail and commercial users. It allows financial institutions to personalise services and meet evolving user expectations while maintaining a high level of security. AFS’s Positive Pay, on the other hand, focuses on fraud detection, enabling institutions to create custom transaction rules and benefit from AI-driven analytics to detect anomalies and prevent financial loss.
The integration of these technologies means financial institutions can now offer a comprehensive and secure commercial banking solution without compromising on ease of use. It marks a significant step forward in enabling banks and credit unions to provide value-added fraud protection tools directly within their digital platforms.
According to the announcement, the joint solution will allow commercial clients to secure cash flow and manage risk more effectively while ensuring a seamless user experience. The move underscores the growing need for digital-first, proactive approaches to safeguarding financial services from increasingly sophisticated fraud tactics.
AFS chief partnership officer Jordan Bothwell said, “Protecting business clients is a key priority for financial institutions. However, Positive Pay adoption remains low, despite rising check fraud. Together with Tyfone, we are providing banks and credit unions with a more secure, advanced digital banking solution, that prevents fraud, while still maintaining a frictionless experience.”
Tyfone director of strategic partnerships Jared Kopelman said, “Protecting clients from financial threats means protecting your reputation, your customers and your future. Financial institutions can’t afford to be reactive to fraud – they need to take a proactive and strategic approach when combatting bad actors. By partnering with AFS, we’re equipping our clients with powerful fraud prevention tools that ensure commercial clients can trust their institutions to safeguard their finances.”
Feedzai recently unveiled Feedzai IQ, a new suite of solutions designed to help financial institutions detect and prevent fraud using shared intelligence—without compromising customer privacy.
The launch of Feedzai IQ comes at a time when banks are facing a sharp rise in AI-powered fraud. With more than half of complex fraud attacks now driven by generative AI tools and stolen personal data, financial institutions are under pressure to adapt. However, privacy concerns and regulatory constraints often limit their ability to collaborate across networks, creating silos that leave them vulnerable.
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