Actimize, a provider of transactional risk management software, has announced that it has received a multimillion-dollar order for an enterprise fraud solution from a UK-based retail bank.
This order came in from an existing Actimize customer that will expand its fraud prevention capabilities across additional business units and transaction types. The Actimize solution will be used to monitor millions of financial transactions and activities on a daily basis. The Actimize solution was chosen for its proven ability to reduce fraud losses by orders of magnitude, increase investigators’ productivity and protect the institution’s reputation. This client sees clear value in taking proactive steps to further protect bank assets from both internal and external threats.
David Sosna, CEO of Actimize, said: We are proud to offer our clients a proven solution that can help to reduce fraud losses and meet ever changing regulatory requirements. Our products offer a clear return on investment and are considered by many institutions as mandatory applications and not an optional piece of technology.