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Leading Lebanese FinTech company Whish Money has entered into a collaboration agreement with global payments giant Visa to deploy the AI-powered "Featurespace" solution, aiming to enhance the detection of fraudulent activities and suspicious transactions across various payment channels in the Lebanese market.

Real-Time Monitoring and Advanced Behavioral Analytics

The partnership focuses on modernizing financial transaction monitoring systems and detecting threats instantaneously. The new system analyzes customer behavior and interactions across multiple channels to build a holistic view of financial activity, making it easier to identify unusual patterns that may signal potential fraud attempts.

Featurespace relies on Adaptive Behavioral Analytics, combining transaction data with user behavior to deliver real-time risk assessments that support fast, accurate decision-making—moving beyond traditional methods that evaluate each financial transaction in isolation.

Securing a Payment Ecosystem Exceeding $40 Billion

Whish Money—which processes over $40 billion in annual payment volume—aims to integrate these advanced capabilities across all sectors of its ecosystem to ensure strict control over fraud risks alongside the continuous expansion of its customer base and services.

Leadership Vision to Strengthen Customer Trust

Commenting on the initiative, Jad Koussa, CEO of Whish Money, emphasized that protecting users actually begins before any funds are transferred, noting that the company's growth requires adopting technological solutions that keep pace with rapidly evolving user behaviors and modern fraud tactics. Koussa added that adopting Featurespace will strengthen the company's ability to detect and manage risks efficiently, thereby reinforcing customer trust when sending or receiving money.

For his part, Walter Lironi, Head of Value-Added Services for Central and Eastern Europe, the Middle East, and Africa (CEMEA) at Visa, explained that combating fraud increasingly requires a comprehensive view that goes beyond the boundaries of a single transaction to include cross-channel activity analysis. He added that Featurespace represents a qualitative addition to Visa's security suite by combining behavioral analytics with real-time risk scoring, empowering institutions like Whish Money to make more accurate decisions in the face of evolving security challenges.