BAE Systems is this years’ winner of the “Financial Crime – Enterprise Fraud” category in the RiskTech100® 2020 rankings by Chartis, a leading provider of research and analysis on the global market for risk technology and part of Infopro Digital.
Now in its fourteenth year, the RiskTech100® is a comprehensive independent study of the world’s major players in risk and compliance technology.
To tackle enterprise fraud, BAE Systems’ NetReveal fraud prevention solution combines machine learning and advanced profiling with integrated big data capabilities, entity-based risk evaluation, and a real-time detection engine. The result is a proven reduction in false positives, a fraud team concentrated on the critical risks and an organisation who can focus on its customers.
Lukayn Hunsicker, BAE Systems Global Head of Banking Fraud Solutions explained: “Financial institutions have access to vast amounts of data – what they need is a solution which can distil this into accurate, manageable and real-time intelligence while ingesting inputs from disparate systems.
“Effective fraud detection requires a solution which provides a flexible, user centric and holistic view of risk while taking a progressive approach to digital transformation in financial services. Our customers’ needs have been the driving force behind our investment into NetReveal and we are very proud to receive this recognition of success from Chartis.”
About BAE Systems
At BAE Systems Applied Intelligence, we help nations, governments and businesses around the world defend themselves against fraud and cybercrime, reduce their risk in the connected world, comply with regulation, and transform their operations. To find out more about our solutions at www.baesystems.com/insurancefraud and sign up for our insurance insights www.baesystems.com/insuranceinsights