INETCO is enhancing Brazil’s digital payments through a strategic partnership with Elo and Agility. This partnership combines INETCO’s advanced real-time transaction monitoring solutions, Agility’s expertise in cybersecurity, and Elo’s extensive presence in the Brazilian market.

With more than 164 million people using digital transactions in Brazil, Elo identified a need for a strong monitoring system to maintain secure and efficient operations while adhering to the regulations of the Central Bank of Brazil. By partnering with INETCO, Elo can safeguard transactions and maximize real-time payment services. 

INETCO’s technology provides Elo with significant advantages, including a 90% reduction in failure diagnosis time, a 60% improvement in identifying failure root causes, as well as faster and more accurate diagnosis of historical failures. Additionally, INETCO’s solutions integrate real-time monitoring without affecting transaction speed or requiring modifications to the payment switch. Furthermore, failure recovery time and the technical resources required for investigations have been significantly reduced.

“Before INETCO, diagnosing failures required performing Trace Route/TCP Dump captures and conducting a meticulous analysis of the captured packets for investigation, which took over 40 minutes,” Arlei Francioli Jr., Elo’s executive technology manager, explained. “After implementing INETCO, we can now trace a transaction in approximately four minutes. We have also increased our ability to identify the root causes of failures by approximately 60%, while also enhancing the detection of external failures. This has helped our partners diagnose latency issues in their environments and other failures that impacted our core business.”

This partnership has already shown promising results, as it has allowed Elo to explore additional security solutions. The company is currently testing INETCO BullzAI, a next-generation fraud prevention and cyber threat detection platform. BullzAI uses behavioural analysis and risk scoring to block fraudulent transactions in real-time while reducing false positives. 

“By incorporating cutting-edge AI-driven models and advanced transaction monitoring capabilities into our solutions, INETCO is empowering Elo to deliver the level of payments reliability and security that all people deserve, every moment, every day,” said Bijan Sanii, CEO of INETCO. “We’re honoured to bring these innovative features to our expanding customer base as we collaborate to navigate the fast-evolving digital payments landscape.”

Read the full article to learn more about INETCO’s partnership: https://www.inetco.com/blog/elo-agility-and-inetco-announce-strategic-partnership/

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