Fraud prevention and risk management software provider INFORM said that Rabobank Group has signed a full site RiskShield license to conduct transaction monitoring and fraud prevention across its business units and international network.
RiskShield offers the Dutch financial services group an adaptable visual interface to develop, maintain, and analyse fraudulent activity. New anti-fraud or anti-money laundering (AML) scenarios can be run by the user without the need of an INFORM specialist or IT expert.
Fraud investigators can run it on their own and fine-tune the results. Rabobank already uses RiskShield to detect and prevent fraudulent transactions in many areas, such as Internet banking, domestic and international payment transfers, card and automated teller machine (ATM) transactions as well as for payment integrity monitoring and politically exposed persons (PEP) identification and sanction screening.
“This new agreement is testament to the strength of our risk management and compliance technology across multiple business areas,” said Wibout de Klijne, head of financial economic crime at Rabobank Group. “Our aim is to continually improve cybercrime protection, risk management and compliance capabilities.’’
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