VentureLabs Perago company, INETCO, is a global provider of real-time fraud detection and cybersecurity solutions for the payment industry, offering the world’s only platform that predicts, detects and blocks fraudulent activity as it occurs.

In a major step forward, African Bank has selected INETCO’s BullzAI platform to lead its transition to AI-powered fraud prevention, protecting millions of customers across South Africa. The deployment, delivered in partnership with NCR Atleos, comes amid a surge in fraud rates of over 300% in the country in 2024.

“With INETCO BullzAI and NCR Atleos, we’ve shifted from a reactive model to a proactive AI-driven strategy that enables us to detect and block increasingly sophisticated and unknown fraud patterns in real-time,” said Darryl Adriaanzen, Group COO at African Bank.

As fraud threats become more complex, INETCO’s global impact demonstrates how Canadian fintech solutions are at the forefront of safeguarding the digital economy at scale. 

Read the full article to learn more about how INETCO is supporting African Bank’s shift to AI-driven fraud prevention: https://techcouver.com/2025/08/25/inetco-powers-african-banks-ai-fraud-prevention-drive/