Oracle Software to check fraud, financial crimes
Monday, 7 September 2009
FE Report
As part of its ongoing commitment to help financial services institutions defend against fraud and financial crime, Oracle Financial Services Software has announced the availability of a new release of Oracle® Mantas Fraud.
The latest release of Oracle Mantas Fraud provides new features aimed at better preparing institutions to meet the challenges posed by the technological advancement and globalization of fraud activity, as well as a more stringent regulatory environment, said a press release.
Unlike point solutions that cannot provide cross-channel monitoring, Oracle Mantas Fraud delivers an integrated view across accounts, customers and business lines to facilitate earlier detection of fraud schemes and financial crime rings, and enhance loss prevention and mitigation efforts.
Oracle Mantas Fraud provides new features that help to accelerate fraud detection and enable institutions to detect increasingly sophisticated fraud schemes and financial crime rings:
"Financial crime costs financial institutions billions of dollars each year, and the fraud schemes only get smarter and more pervasive. In today's environment, point solutions focused on specific channels or types of fraud fall short in meeting financial institutions' fraud detection needs," said S. Ramakrishnan, CEO of Reveleus and Mantas products, Oracle Financial Services Software.
"The new release of Oracle Mantas Fraud provides an integrated fraud management platform that combines robust real-time detection and correlation capabilities with sophisticated behavior detection, analytics and case management for powerful fraud protection across the enterprise."
As part of its ongoing commitment to help financial services institutions defend against fraud and financial crime, Oracle Financial Services Software has announced the availability of a new release of Oracle® Mantas Fraud.
The latest release of Oracle Mantas Fraud provides new features aimed at better preparing institutions to meet the challenges posed by the technological advancement and globalization of fraud activity, as well as a more stringent regulatory environment, said a press release.
Unlike point solutions that cannot provide cross-channel monitoring, Oracle Mantas Fraud delivers an integrated view across accounts, customers and business lines to facilitate earlier detection of fraud schemes and financial crime rings, and enhance loss prevention and mitigation efforts.
Oracle Mantas Fraud provides new features that help to accelerate fraud detection and enable institutions to detect increasingly sophisticated fraud schemes and financial crime rings:
"Financial crime costs financial institutions billions of dollars each year, and the fraud schemes only get smarter and more pervasive. In today's environment, point solutions focused on specific channels or types of fraud fall short in meeting financial institutions' fraud detection needs," said S. Ramakrishnan, CEO of Reveleus and Mantas products, Oracle Financial Services Software.
"The new release of Oracle Mantas Fraud provides an integrated fraud management platform that combines robust real-time detection and correlation capabilities with sophisticated behavior detection, analytics and case management for powerful fraud protection across the enterprise."