Lynx Named Leader in Chartis’ Enterprise and Payment Fraud Quadrants 2024

Lynx Named Leader in Chartis’ Enterprise and Payment Fraud Quadrants 

19, September 2024, London, UK: – Lynx,

a leading provider of AI software for detecting and preventing fraud and financial crimes, has been recognised by Chartis as a category leader in the RiskTech Quadrant® for Enterprise and Payment Fraud.    

Chartis’ latest report emphasises the transformative influence of low-code/no-code configuration options in enterprise and payment fraud solutions. This trend is democratising fraud detection and prevention, making sophisticated tools accessible to a broader market. Lynx’s focus on no-code solutions positions it well in this evolving landscape, enabling rapid adaptation to changing fraud prevention requirements.    

Nick Vitchev, Research Director at Chartis, says: ‘Lynx’s category leader placement in both quadrants reflects its ability to deliver in several areas that are critical to enterprise fraud management, backed by strong core technology and advanced modelling capabilities. Alongside strong behavioural modelling and the ability to customise to complex fraud scenarios and typologies, Lynx’s modelling strength in payment fraud enables it to handle high transaction volumes accurately at speed, across a number of payment rails.’    

By leveraging cutting-edge AI and machine learning technologies, Lynx empowers financial institutions to rapidly adapt to evolving fraud threats. The company continues to launch new agile solutions, with its recent Mule Account Detection solution offering real-time mule detection for banks and financial institutions to stop trillions of illicit dollars flowing through the global financial system each year.  

Dan Dica, CEO of Lynx, comments: “Lynx’s category leader placing in both quadrants underscores our leadership in platformisation and no-code configuration for fraud prevention. Alongside strong behavioural modelling, and the ability to customise to complex fraud scenarios and typologies, Lynx’s modelling strength in payment fraud enables it to handle high transaction volumes accurately at speed, across a number of payment rails.”  

The latest accolade follows Lynx’s recognition in May as a Best of Breed Solution in the 2024 Chartis RiskTech Quadrant for Name and Screening solutions, further solidifying the company’s position as a frontrunner in the financial crime prevention sector.   

About Lynx  

Lynx is an AI-driven software company designed to solve clients’ most significant fraud and financial crime challenges. Our solutions utilize advanced AI technology to proactively identify and prevent fraud and financial crimes in real time, setting new standards for accuracy, speed, and scalability across multinational organizations.  

Lynx is dedicated to helping its clients move from a reactive to a proactive response by harnessing the power of AI to illuminate risk and deliver actionable insights. Lynx continues to set the standard for accuracy, speed, and scalability for multinational financial institutions (FI) and payment providers around the globe. Learn more at https://lynxtech.com