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Boston, MA (I-Newswire) January 11, 2012 - Detica NetReveal, a business division of BAE Systems Detica, today announced strong growth across North America, driven by financial institutions’ growing need for a specialist provider with a global presence to help them combat operational losses from multi-channel criminal activity, and stay abreast of increasingly complex regulatory requirements.
Detica NetReveal is a leading provider of enterprise risk, fraud and compliance solutions to the global financial services industry. With over 100 clients spanning four continents, including six of the top 10 banking and insurance institutions in the world, Detica NetReveal’s North American customers are now offered additional support and flexibility to uncover suspicious activity and complement their existing financial crime prevention strategies.
Financial institutions are confronted with many types of fraudulent activity and operational risk that requires rapid and accurate assessment. Detica NetReveal provides a comprehensive suite of industry solutions that can identify unusual behaviors earlier than traditional detection methods. The platform combines Entity and Social Network Analysis with deep domain expertise, giving financial institutions an end-to-end enterprise perspective of financial crime to prevent and monitor risk, fraud and non-compliance in real-time and batch.
Detica NetReveal is opening a new office in Mexico and consolidating and expanding its Washington operations. It now operates across five offices in the US (Boston, Virginia and Washington), Mexico (Mexico City) and Canada (Toronto) and its continued momentum in North America demonstrates a growing demand for financial crime detection, prevention and surveillance.
Joe Friscia, President of the Americas, Detica NetReveal said:
“Customers recognize that financial crime is continuously evolving and complex threats cannot be met with a one size fits all approach. As a result financial institutions need advanced technologies and solutions to combat fraud. Detica NetReveal provides enterprise case management and a suite of analytics that offer financial institutions a complete solution. Our continued North American growth is a testament to our ability to deliver best of breed solutions that ensure our clients cut losses related to financial crime and comply with regulatory requirements.”
About Detica NetReveal
Detica NetReveal is a leading provider of enterprise risk, fraud and compliance solutions to the global financial services industry. Its innovative solutions provide a holistic single customer view and then combine entity and social network analytics with deep domain expertise. This approach provides an end-to-end enterprise perspective of financial crime and risk for the detection, prevention and monitoring of risk, fraud and non-compliance in real-time and batch. By knowing your customer, what kind of business they transact, and who they know, Detica NetReveal can identify unusual and suspicious behaviors faster and earlier than any other current approaches.
With over 100 clients across four continents, including six of the world’s current top 10 financial institutions, Detica NetReveal has established a proven track record of reducing financial losses, protecting users’ reputations and improving operational efficiencies. Detica NetReveal is a business division of BAE Systems Detica. In 2011, BAE Systems acquired Norkom Technologies and merged it with Detica NetReveal.
For further information please visit www.deticanetreveal.com
About BAE Systems Detica
BAE Systems Detica delivers information intelligence solutions to government and commercial customers. We help them collect, exploit and manage data so they can deliver critical business services more effectively and economically. We also develop solutions to strengthen national security and resilience.
We integrate and deliver world-class solutions to our customers’ most complex operational problems – often applying our own unique intellectual property. Our services include cyber security, managing risk and compliance, data analytics, systems integration and managed services, strategy and business change and the development of innovative software and hardware technologies.
BAE Systems Detica is part of the BAE Systems Group, a global defense and security company with over 100,000 employees worldwide. BAE Systems delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services.
BAE SYSTEMS, DETICA, NETREVEAL, Detica NetReveal are trade marks of BAE Systems plc
For further information, please contact:
Laura Anderson
Articulate Communications Inc.
landerson@articulatecomms.com
212.255.0080, ext. 11
About Articulate Communications:
You've got to know the business to improve the business. Articulate is the expert in business-to-business technology and services. From enterprise-class software to financial services technology to digital media and advertising, if you market and sell your products or services to other businesses, we have the subject-matter expertise to help you do it better. Agility
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Company Contact Information
Articulate Communications
Maggie DiPasquale
350 Seventh Ave
10001
Phone : 212-255-0080
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