News

Metavante to add Actimize solutions to fraud prevention arsenal

August 27, 2008

MILWAUKEE — Metavante Corp. has announced that its enterprise-wide fraud monitoring and reporting efforts will now be supported by solutions from Actimize, a NICE company.

According to a news release, Metavante plans to introduce Actimize's real-time, fraud-prevention-analytics solutions as a component in an enterprise-wide fraud prevention framework. The technology will first be available with the online-bill-paymant solution. Deployment to other Metavante banking and payments solutions is expected to follow.

By monitoring for fraud across multiple Metavante financial and payment services, Actimize's analytics engine employs a "learning" functionality, where suspect-transaction patterns found in one financial product line can enhance fraud-prevention rule sets for other product lines.

"Fraud prevention and deterrence is a critical priority for our clients. They seek solutions that move beyond the reactive fraud response and link to Metavante's enterprise-risk-management, regulatory-compliance, and anti-money-laundering solutions," said Gary Bakker, division president of Metavante's risk and compliance solutions.