Volkswagen Payment develops and coordinates payment solutions for the Volkswagen Group brands and required a comprehensive fraud prevention and AML monitoring solution to safeguard its customers.
1,001 - 5,000 employees
Volkswagen Payments S.A., based in Luxembourg, is a wholly owned subsidiary of Volkswagen Financial Services AG and was founded in 2017 as an Electronic Money Institution (EMI). The company develops and coordinates payment solutions for the Volkswagen Group brands and manages the global payment activities of Volkswagen Financial Services. Its aim is to create a uniform, digital ecosystem for payment services within the Volkswagen Group.
The company was seeking a fraud prevention and Anti-Money Laundering (AML) monitoring solution, which would both safeguard customers from fraud and ensure that Volkswagen Payments could meet its regulatory compliance obligations. The solution would need to interface seamlessly with multiple Volkswagen systems and be able to grow as Volkswagen Payments digital ecosystem is deployed across the Group.
GBG Predator is a transaction pattern prevention solution supporting fraud prevention and AML monitoring, as well as Counter-Terrorism Financing (CTF) compliance.
Volkswagen Payments selected GBG Predator after a comprehensive market evaluation. GBG Predator is a transaction pattern prevention solution supporting fraud prevention and AML monitoring, as well as Counter-Terrorism Financing (CTF) compliance.
GBG Predator processes and inspects transactions from the Volkswagen group against processing structures defined by Volkswagen Payments. Transactions can be monetary movement, user activity and behaviour, or any quantifiable information set. The solution can be used to detect defined behaviours, alert organisations of the behaviour, and then allow the transactions to be reviewed and actioned. Predator can also help organisations comply with local and international information processing standards.
The solution provides the following functionality to Volkswagen Payments:
GBG Predator has enabled Volkswagen Payments to achieve several benefits across its fraud prevention and AML monitoring activities. These include: