RiskShield provides real-time risk management assessment for Belfius’ banking division and serves as a vital factor in the multi-channel protection of its banking activities and services.

By using the new solution, Belfius Bank aims to improve its fraud prevention and risk management technology.

Belfius Bank payments & accounts head Frank Hubloue said: "We have chosen RiskShield based on several important factors and for its strong customer testaments in online banking.

"The ability of the platform to quickly respond to the constantly changing modus operandi of cybercrime has led us to implement INFORM’s anti-fraud solution to achieve an even stronger protection of our payment services."

RiskShield offers broad solution to protect the bank’s multi-channel payments business and caters to all requirements including performance and flexibility.

INFORM Risk & Fraud Division director Dr Andreas Meyer said: "We want to partner with Belfius and support its corporate commitment of achieving a 95% level of customer satisfaction by delivering a reliable fraud prevention solution.

"Our technology enables the bank to address new and emerging fraud threats while simultaneously providing a solid foundation that supports future challenges and operational requirements."

Belfius Bank & Insurance performs commercial activities in Belgium in fields including retail and commercial banking, public sector financial services and insurance.