Financial holding company BB&T has selected Actimize’s Fraud Prevention system to help it maintain a secure e-banking environment for its customers.
Actimize’s system is designed to monitor enterprise-wide activities to more accurately identify fraudulent patterns that could impact customers and business. It delivers a layered approach to combating online banking fraud, encompassing multi-factor analysis at login, comprehensive transaction monitoring, and behavior analysis.
The company says that by creating profiles and monitoring all transactions, both on-line and off-line, it can detect over 90% of fraud activity while maintaining a very low level of false positive alerts.
BB&T says the Actimize eBanking Fraud platform will be a key component of its fraud prevention program.