According to a recent American Bankers Association report, more sophisticated fraud schemes, such as identity theft and organised crime rings, are the top threats facing financial institutions. So the latest suite of solutions from Unisys may bring hope to banks struggling to deal with fraud, identity theft and money laundering.
Named Unisys Active Risk Monitoring Systems (ARMS), the suite monitors activities across multiple locations, products and access channels.
In alliance with Actimize, a provider of real-time analytics technology, Unisys developed the fraud-monitoring and anti-money laundering solutions to enable detection and situational analysis in real time.
ARMS addresses two key challenges facing today’s risk manager: timely detection of criminal scenarios and rapid implementation of countermeasures to minimise exposure to newly discovered fraud schemes.
