FNA’s National Fraud Portal wins at the 2025 Tackling Economic Crime Awards
FNA’s work developing Malaysia’s National Fraud Portal (NFP) has been recognised at the 2025 Tackling Economic Crime Awards (TECAs), receiving the award for Outstanding Overseas Initiative.
The TECA’s celebrate innovation and excellence in the fight against economic crime, honouring individuals and organizations driving meaningful change through collaboration and technology. Being recognised alongside global law enforcement and financial crime prevention leaders marks another major milestone for FNA as it continues on its mission to make the financial system safer and more efficient.
This recognition adds to a growing list of accolades for FNA in the anti-fraud and scam space, following recognition from the RegTech Association and Central Banking, which awarded FNA Money Trails with the Payment Service Initiative Award for its role in Malaysia’s National Fraud Portal.
Launched in April 2024 by Bank Negara Malaysia (BNM) and Payment Network Malaysia (PayNet), the National Fraud Portal provides banks, regulators, law enforcement agencies, and intelligence units with a shared, real-time national utility to accelerate the detection and investigation of fraudulent transactions across payment rails and financial institutions.
A key component of Malaysia’s is FNA’s Money Trails, a graph-based analytics platform designed to trace, visualize, and analyse complex fund movements in real-time. The system enables case officers to quickly map payment flows, identify mule accounts, and freeze stolen funds before they are irretrievably lost from the banking system.
Since its launch, Malaysia’s Fraud Portal has delivered transformative results, including:
4x increase in fund freezing rates, from 0.5% to 21.5% for promptly reported cases
75% reduction in investigation times, from several hours to just 30 minutes
100% fund recovery in cases reported immediately after a fraudulent transaction.
The system now supports over 500 case officers across 48 financial institutions, integrating data from multiple payment systems to enable real-time collaboration between banks, the National Scam Response Centre (NSRC), and law enforcement agencies.
As the first national anti-scam utility of its kind, Malaysia’s NFP represents a significant step forward in protecting consumers and restoring trust in financial ecosystems. It also serves as a global reference point for how jurisdictions can coordinate efforts to tackle fraud through shared digital public infrastructure.
“Winning the TECA Award for Outstanding Overseas Initiative is another proud moment for everyone at FNA,” said Dr. Kimmo Soramäki, Founder and CEO of FNA. “Malaysia’s National Fraud Portal has set a global standard for what can be achieved when authorities, banks and fintechs work together and deploy specialised technology for the whole industry. We’re proud that FNA’s Fraud Portal solution is helping build safer, more trusted financial systems, not only in Malaysia, but around the world.”
Following the success of Malaysia’s National Fraud Portal, FNA is now in discussions with over 60 jurisdictions to support the development of similar national anti-scam utilities, helping countries enhance consumer protection, improve coordination, and maintain confidence in their financial systems.
To further accelerate adoption, FNA recently launched a National Anti-Scam Utility Resource Library. This members-only space provides access to key reference materials, including FNA’s Blueprint for National Anti-Scam Utilities, to help jurisdictions understand the challenges and technical requirements for similar utilities, as well as why a collaborative, technology-driven approach is crucial to combating fraud and scams.
Learn More:
Find the Full list of 2025 TECA winners: Read More >
FNA’s Money Trails Selected winner of Central Banking’s Payment Service Initiative Award 2024: Read More >
Explore FNA’s National Fraud Portal Solution: Read More >
Request Access to FNA’s National Anti-Fraud and Scam Utility Resource Library: Read More >
