NICE Actimize said within the first 30 days after deployment, the Actimize Remote Banking Fraud solution detected and stopped 51 confirmed cases of fraud, preventing an estimated loss of approximately $200,000.
Partnering with Unisys to implement the solution, NICE Actimize sold the Actimize Remote Banking Fraud solution to CIMB in 2010. The implementation was completed in January 2011 and is now being used to detect fraud in online transactions targeting more than 1.5 million active customer accounts.
According to the NICE Actimize, the Remote Banking Fraud solution provides high volume, cross-channel transaction monitoring across multiple remote channels including web, phone, mobile and more.
It enables institutions to detect fraudulent activities with online authentication, session monitoring, transaction monitoring and other fraud detection capabilities.
NICE Actimize, a NICE Systems company, is a provider of financial crime, risk and compliance solutions.
