INETCO Systems Limited
INETCO Systems Limited, founded by CEO Bijan Sanii, is a Vancouver-based fintech specializing in real-time payment fraud prevention and transaction monitoring.
Profile
Provides AI-powered software that detects and prevents payment fraud in real time across banking and retail transactions.
INETCO Systems Limited, founded by CEO Bijan Sanii, is a Vancouver-based fintech specializing in real-time payment fraud prevention and transaction monitoring. The company processes over 100 billion transactions annually across 30+ countries, representing approximately 3% of global payment volume according to McKinsey data. Its flagship product, INETCO BullzAI, uses adaptive machine learning to detect and block fraudulent transactions in under 20 milliseconds while reducing false positives by 45% within 90 days of implementation.
The company serves major financial institutions and payment processors, with clients including Santander, Fiserv, and Walmart. INETCO was named Best Online Fraud Detection & Cyber Security Software 2026 by Corporate Vision and joined Canada's Council of Canadian Innovators network. Recent growth reflects rising demand for AI-powered fraud prevention as global payment fraud losses reached $579.4 billion in 2025, growing 9.2% annually since 2023 per Nasdaq Verafin data. The company is preparing to launch an agentic AI agent to augment its transaction firewall capabilities.
Who buys this
- Global banks and financial institutions
- Payment processors and service providers
- Large retailers with high transaction volumes
- ATM network operators
- Fintech companies requiring compliance solutions
Publicly disclosed clients
- Santander
- Fiserv
- Walmart
- American Express
- Standard Bank
- First Abu Dhabi Bank
Strengths and what to watch
Strengths
- Patented transaction firewall blocks fraud in under 20ms with 25% reduction in financial losses reported by clients
- Processed 100B+ annual transactions, creating extensive behavioral data for AI models
- Multi-protocol support including ISO 20022, ISO 8583, and real-time payment rails
Watch for
- Dependence on banking sector growth amid economic uncertainty could impact expansion
- Potential competitive pressure from AI-native fraud prevention startups
- Integration challenges with legacy banking infrastructure in emerging markets
Recent moves
Key Information
- Founded
- 1984
- Headquarters
- Vancouver, Canada
Frequently Asked Questions
What does INETCO Systems do?
INETCO Systems provides AI-powered software that detects and prevents payment fraud in real time across banking and retail transactions. The Vancouver-based fintech processes over 100 billion transactions annually in 30+ countries, serving major banks and retailers with its machine learning-powered fraud prevention solutions.
How fast does INETCO's fraud detection work?
INETCO's BullzAI detects and blocks fraudulent transactions in under 20 milliseconds. The system reduces false positives by 45% within 90 days of implementation, using adaptive machine learning to analyze behavioral patterns across its network processing 3% of global payment volume.
Which companies use INETCO's fraud prevention?
INETCO serves global financial institutions and retailers including Santander, Fiserv, Walmart, American Express, and Standard Bank. Its clients benefit from patented technology that reduces financial losses by 25% while handling high transaction volumes across multiple payment protocols.
What makes INETCO's fraud detection different?
INETCO combines real-time processing (20ms latency) with multi-protocol support (ISO 20022, ISO 8583) and AI that continuously learns from 100B+ annual transactions. This creates extensive behavioral data for accurate fraud identification while minimizing false positives that inconvenience legitimate customers.
Has INETCO won any industry awards?
INETCO was named Best Online Fraud Detection & Cyber Security Software 2026 by Corporate Vision. The recognition reflects its proven ability to combat rising payment fraud, which reached $579.4 billion globally in 2025 according to Nasdaq Verafin data.
What's next for INETCO's fraud prevention?
INETCO is developing an agentic AI agent to augment its transaction firewall, building on existing capabilities. The company faces challenges including banking sector volatility and competition from AI-native startups, but maintains strength through its extensive transaction data and proven fraud reduction results.
Sources
- www.inetco.com — 100B annual transactions processed and fraud loss statistics
- www.inetco.com — Core product capabilities and positioning
- www.inetco.com — CEO perspective on AI threats in banking
- www.inetco.com — 2026 industry award recognition