NTT DATA, a global leader in business and technology services, has announced its strategic partnership with Lynx Tech, a revolutionary fintech company specialising in AI-driven fraud detection.
This collaboration will leverage NTT DATA’s network and extensive experience in the banking and finance industry to scale Lynx’s innovative solutions across the UK and European markets.
Lynx identified NTT DATA as a crucial partner for scaling its operations due to NTT DATA’s profound expertise and past successes in the banking and financial services sector. Lynx has developed an innovative product built by a dedicated team of engineers and data scientists committed to advancing fraud prevention technologies. Lynx recognised the need for a partner like NTT DATA to successfully achieve its ambitious growth goals at pace.
This partnership will initially focus on the UK, Irish, Spanish, LATAM and DACH markets, with particular emphasis on the UK and Ireland due to the upcoming Payment Systems Regulation (PSR) changes in October, which will mandate banks and payment service providers to reimburse scam victims.
“Our collaboration with NTT DATA marks a significant milestone for Lynx,” said Lucy King, Director of Global Alliances, at Lynx. “By coupling NTT DATA’s extensive industry experience with our cutting-edge solutions, we are poised to transform the landscape of fraud prevention across the financial services industry.”