ExpertEdge partners Actimize on e-fraud control

Subsidiary of the Computer Warehouse Group (CWG), the ExpertEdge Software, is partnering with Actimize Ltd to bring to the Nigerian Information and Communications Technology (ICT) market, a suite of solutions.

Manager, Marketing and Corporate Communication, Ms Morenike Popoola, said the partnership would also assist banks, government agencies and other financial institutions with advance techniques of fraud detection, prevention and compliance with regulations.

She also quoted the European, Middle East and Africa (EMEA) Sales Manager at Actimize Ltd, Mr. Tal Noam, as saying that during the just concluded e-Payment seminar organized by CWG in Lagos, that the Actimize e-Payment Fraud Detection and Prevention Package is based on proprietary algorithms designed to analyze data such as Internet session data, phone call/fax data, Automated Teller Machine (ATM), transaction records, employee log-ins, banking transfer operations and account information to uncover fraud at both the payer and beneficiary levels.

He also gave insight into other solutions from the Actimize suite, including Actimize Insider Fraud Solutions, Actimize ATM Fraud solution, Deposit Fraud Detection solution usually used in checkmating cheque fraud to name a few.

Mr. Noam listed some of the benefits and values that Actimize offers to the Nigerian markets to include guaranteed quick return on investment to all intended users of Actimize suite of products.

He also explained how Actimize Fraud solution package could be used to execute proven fraud implementation methodology, developed by industry leaders and fine-tuned by Actimize clients and partners.

He further said Actimize Fraud Detection solutions, for instance, is comprised of data mapping, complex alert generation, transaction blocking and comprehensive alert investigation capabilities; link analysis investigation, cases support and so on.

Mr. Noam emphasized that Actimize proven track record consist being the 6 of the top 10 global banks, 6 of top 10 United States (US) banks, and 8 of top 10 US brokerages, processing hundreds of millions of transactions a day uses the Actimize Fraud Management Suite of Solutions.

Equally commenting, the Product Manager for Actimize and Fraud Management Solutions at ExpertEdge Software, Mr Kola Awonugba, noted that the human resources needed to implement and support Actimize solution in Nigeria and the West Coast will be trained to meet the challenges and add value to various sectors of the economy and mostly the financial sector.


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