Milan, Italy, 27 October 2026 – Cleafy has been named a Leader in the 2026 SPARK Matrix™ for Enterprise Fraud Management (EFM) by QKS Group, retaining its Leader position for a second consecutive year with continued year-over-year improvement across the technology excellence and customer impact dimensions of the evaluation.
The recognition marks a consistent rise across successive QKS evaluations. Cleafy first appeared in QKS Group's Behavioral Biometrics and Device Intelligence listing as a Contender, entered the Enterprise Fraud Management evaluation in 2024 as an Emerging Leader, advanced to Leader in 2025, and has now maintained Leader status in 2026 while strengthening its overall standing.
QKS Group recognised Cleafy for the strength of its detection approach. Cleafy's deterministic, label-free models identify fraud from signals such as device integrity, geolocation and session behaviour, without depending on historical fraud labels or lengthy retraining cycles. Every decision decomposes into human-readable tags that analysts, auditors and regulators can inspect individually, delivering explainability by design. The evaluation also highlighted the speed and low disruption of Cleafy's deployment: web coverage captured at the network level with no changes to a bank's application code, and mobile coverage added through a lightweight software development kit in approximately one week.
The recognition reflects Cleafy's move to Autonomous Fraud Operations. Cleafy's FxDR platform brings cybersecurity-grade visibility to fraud prevention, detecting attacks as they form across digital banking channels. Cleafy Nyx, which reached general availability in December 2025, adds an agentic AI layer that hunts, constructs - and continuously and autonomously optimises risk posture as threats evolve - cases at machine speed while keeping a human analyst in control of every decision.
"Maintaining our Leader position, and improving on it, reflects the value of the approach we've built," said Michael Morris, Product Director at Cleafy. "We brought the discipline of cybersecurity into fraud prevention to recognise attacks before they become fraudulent transactions. With Nyx, we're taking that further through Autonomous Fraud Operations, continuously hunting for emerging threats and giving banks the evidence they need to act earlier, with greater precision and efficiency."
Anandh Ramaswamy, Practice Director at QKS Group, states, “Fraud increasingly begins as a cyberattack, well before a payment is initiated. "Our assessment finds Cleafy particularly compelling in connecting these stages through its Fraud xDR approach, which brings device, malware, network, session, and transaction evidence into a continuous view of how an attack develops."
Traditional systems focus on detecting fraud after a transaction is submitted. Cleafy identifies the attack at its earliest stage, tracking reconnaissance, malware, and session manipulation before they reach the transaction layer, and treating the transaction as the final step in an attack rather than the first signal of one. For financial institutions, that means fraud prevention that is predictive, explainable, and immediate across digital banking channels.
About QKS Group
QKS Group is a global analyst and advisory firm helping enterprises, technology vendors, and investors make trusted, data-driven decisions. Our portfolio spans the flagship SPARK Matrix™ evaluation framework, SPARK Plus™ analyst advisory platform, QKS Intelligence™ for market and competitive tracking, and QKS Community™ for CXO leaders and practitioners. All offerings are powered by a Human-Intelligence-driven framework and QKS’s closed-loop research methodology - integrating expert-led insights, quantitative modeling, and continuous validation to deliver credible, outcome-focused intelligence. www.qksgroup.com.
About Cleafy
Cleafy helps banks stop financial fraud through Autonomous Fraud Operations. Rather than adding another tool for analysts, Cleafy investigates cases, produces evidence-based decisions and adapts to changing criminal tactics in production. European banks have been running Cleafy's Autonomous Fraud Operations since December 2025, enabling fraud teams to prevent more fraud losses while focusing human expertise where it adds the greatest value.
www.cleafy.com
