US-based SQN Banking Systems, a provider of integrated fraud detection and process improvement products for the financial industry, has partnered with Elogic Technologies, to assist Indian financial institutions with fraud detection.
Elogic Technologies is a provider of information technology, IT enabled services and electronic document management systems for the Indian banking industry. The partnership between Elogic and SQN is expected to provide an integrated software management system to help increase security measures and reduce fraud.
SQN’s fraud detection products and services will reportedly complement Elogic’s E-Security division, which offers security in the area of mobile public key infrastructure, which enables account holders to conduct banking transactions securely through their mobile phones.
TD Prakash, managing director of Elogic Technologies, said: SQN Banking Systems is a premier partner for Elogic in delivering some of the best fraud management solutions and services to the banking industry. Our strategic alliance with SQN to deliver global support on a 24/7 basis is a great value addition for our mutual customers across the world.
Earlier in may, SQN Banking Systems has entered into an agreement with Charter private safe deposit company to provide total security management system to verify customer identity at sign-in by displaying a signature, photo and unique account information