Brief: Saudi bank licenses Card Tech's Fraudguard solution

Brief: Saudi bank licenses Card Tech's Fraudguard solution

Card Tech Ltd (CTL) has signed a licensing agreement with Saudi Arabia's Al Rajhi Banking Corporation for its Fraudguard solution.

Fraudguard will provide the bank, which is the largest card issuer in the Middle East, with fraud monitoring and alert management for two million MasterCard and Visa cards.

CTL has more than 150 banking clients in 60 countries.

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