Indue Selects ACI Worldwide Fraud and Anti-money Laundering

ACI Worldwide has announced that Indue has purchased its Proactive Risk Manager solution to deliver fraud and anti-money laundering (AML) monitoring and detection services to its clients. The vendor says that the solution will enable Indue to reduce losses and limit its customers’ risk exposure by filtering each transaction against user-defined rules created by the investigative staff. Preset benchmark rules are available at implementation, and ACI Worldwide consultants will work with Indue to establish rules that fit the organisation’s environment. Rules are written and deployed in real time, generating alerts that are queued for review. This rule-and-queue process is managed through a Java-based client interface.

Indue has licensed the rules-only Enterprise version of Proactive Risk Manager, which monitors all transaction activity from a single customer view, such as a universal or household account, for which all of the customers’ business relationships with the bank are tied. Indue will deploy the solution as part of its ORION fraud prevention service. Since its inception in December 2003, Indue says that ORION has saved its customers over US$10m in member funds.


Related reading

New consumer banking head for Citi Asia Pacific