Spooks favourite it firm tells reg readers to grow up. Bae systems detica today announced that home trust company, a wholly owned subsidiary of home capital group inc. Using specific fraud software, including deticas, has helped rsa. Its netreveal software applies social network analysis to huge amounts of data to identify, understand, and evaluate higherlevel networks of potentially collusive individuals and organisations. Home trust strengthens its aml transaction monitoring with. Bae systems applied intelligence formerly detica is an international business and technology consulting firm owned by bae systems. Perceptive software, creator of enterprise content management and business process management, today announced that detica netreveal, a business unit of bae systems detica, has.
Evaluating the vendors of watchlist and sanctions solutions neil katkov, phd april 18, 20 this authorized reprint contains material excerpted from a recent celent report profiling watchlist and sanctions solution vendors and was not sponsored by lexisnexis. Our netreveal solution is proven to revolutionize the detection of fraud and. Detica netreveal is a leading provider of enterprise risk, fraud and compliance solutions to the global financial services industry. It uncovers networks of suspicious behaviour by identifying and scoring networks of customers and accounts across an organisations. The ondemand solution is a fast and flexible software as a service offering. Our netreveal solution is proven to revolutionize the detection of fraud and organized crime. Oneshield software delivers core business software solutions to the global insurance and. Our netreveal fraud solutions from bae systems uses social network analysis, machine learning and visualisation techniques to uncover. Reduced timetodetection customercentric intelligent alert prioritisation via connecting or rolling up linked information into single investigations, reducing manual overheads and increasing efficiency for analysts. Aml transaction monitoring solution netreveal bae systems. Its unprecedented, marketleading solutions provide a holistic single. Detica netreveal named leading provider of financial crime. Hcg and one of canadas largest federally regulated trust companies, has selected the detica netreveal. Bae systems applied intelligence competitors and products in the.
Is technology the solution to combating internal fraud. Antimoney laundering aml and bank protection solution is an endtoend software. The project will involve the use of detica s netreveal antifinancial crime solution, which is currently being used by more than organizations around the globe, including the six top banking. This article appears to contain a large number of buzzwords.
Detica netreveal and financial network analyzer, for. Perceptive software, creator of enterprise content management and business process management, today announced that detica netreveal, a business unit of bae systems detica, has selected isys. Zurich goes live with detica netreveal ondemand managed service for fraud prevention and detection in italy. Entity centric and social network analysis for an effective financial crime strategy bruce quick.
Driven by compliance requirements, along with the need to tackle fraud and corruption, the growing enterprise fraud and misuse management market has many new and established vendors. Detica netreveal deploys advanced predictive analytics to identify suspicious patterns of behaviour, detect fraud and drastically reduce improper payments. To better manage these cases and ensure compliance by providers, masshealth used bae systems netreveal formerly known as detica netreveal fraud detection software that incorporates predictive analytics and social networking analysis. Bae develop antitax evasion software, netreveal tax hell. Netreveal aml transaction monitoring is an endtoend solution that manages all aspects of antimoney laundering detection, investigation and reporting requirements. Tuning suspicious transaction monitoring scenarios. Ontario auto insurers to use analytics against claims fraud.
Detica limited is a bae systems company registered in england and wales under number 37451. Infoglide, detica netreveal, i2 analysts notebook, to name a few see full list below. Our netreveal regulatory compliance suite provides an endtoend set of. It seems most every company offers some kind of link analysis tool with a fancy gui. Senior technical consultantnetrevealnorkomdetica javajee technologies. Crestcon 20 russell kempley bae detica, command and control duration.
Bae systems detica expands canadian operation to serve canadas finance and insurance sector. For a successful implementation, institutions should address, among other standard considerations. From a software implementation perspective, implementing an antimoney laundering aml transaction monitoring system may seem no different from implementing any other system. It combines predictive analytics with advanced social network analysis to identify. Detica is busily pushing its netreveal software, which analyses in large datasets and flags unusual or suspicious patterns.
Detica netreveal and financial network analyzer, for ecology, e. Finding footprints august 2008 aimed specifically at government bodies, detica launched txtreveal, its latest crime and terrorismfighting software. It then uses a mathematical technique known as social network analysis. It is used by major global banks and insurers, governments and law enforcement agencies around the world to provide intelligence and combat a range of criminal threats. Jeremy started his career at detica developing and delivering fraud detection systems for financial services clients, using the netreveal software. In todays techdriven society, businesses need stringent fraud detection systems to keep track as the volume of data sources continues to grow. About detica netreveal detica netreveal is a leading provider of risk, fraud and compliance solutions to a wide range of financial services and government clients across the globe. Hello, im evaluating solutions for social network analysis and exploration.
It combines predictive analytics with advanced social network analysis. Detica netreveal selects perceptive software isys document. Bae systems is a globally established, expert provider of marketproven financial crime detection and prevention technology. Bae systems detica in april launched netreveal on demand, a soa offering that includes hosting and crosschannel integration to combine fraud detection and prevention. Using social network analysis techniques in the credit process.
Whos who and whats what in the enterprise fraud and. It specializes in security and resilience, and in collecting, managing and exploiting information to reveal socalled actionable intelligence, threat intelligence, fraud containment and customer insight. Detica netreveal is an enterprise riskmanagement solution. Credit cards network uplift however, amongst this group, those that are on networks with others. Insurance fraud bureaus datamining initiatives net. View profile view profile badges get a job like sonus. Robotics process automation rpa is integral to preprocessing, enriching and routing alerts. The solution, known as detica netreveal networked operational risk model norm, gives banks the ability to automatically analyse transactional and control data from multiple internal sources, from the. Veebha padavkar software engineer 2 intuit linkedin. The deal represents an expansion of bae systems detica s canadian business, which operates out of toronto, and in particular the growth of detica s global insurance fraud prevention offering. Hari prasad available senior technical consultantnetreveal. It is an open and flexible case management platform that efficiently organises data inputs. We also have a wider range of electronic data sources including facebook, twitter, instant messaging, blackberry messaging and other social media platforms.
The uk agency purchased an enterprisewide license for detica netreveal, the firms counterfraud and intelligence product. Software aims to offer banks onestop fraud prevention. There might be a discussion about this on the talk page. Our netreveal regulatory compliance suite provides an endtoend set of enterprisegrade solutions that help financial institutions meet their compliance obligations for antimoney laundering and counter terrorist financing regulation. Evaluating the vendors of watchlist and sanctions solutions. This is a market leading social network analysis tool, with applications for detecting fraud and crime in banks. But now it is building weapons to go after an altogether different enemy. Netreveal, detica netreveal are trade marks of bae systems plc. Detica netreveal fraud detection software that incorporates predictive analytics and social networking analysis to identify claims that could. Bae systems detica expands canadian operation to serve. With its eurofighter jets and bradley tanks, bae systems has a long history of protecting countries from military attack. In a statement to btn, vishal marria, director of financial services for detica netreveal, said the hosting option is designed to attract smaller firms that have it budget.
Detica netreveal is a business division of bae systems detica. Zurich goes live with detica netreveal ondemand managed. Netreveal enterprise case management spans the entire financial crime, risk, fraud and compliance functions. Is artificial intelligence replacing jobs in banking. Jeremy davey director financial crime analytics pwc. Unfortunately, i cant find price information for kxen, sas social network or detica netreveal.
Advanced automation dynamic and flexible tailoring of workflows using rpa in response to changing business challenges. Europes biggest defence company says it is in talks to sell its netreveal antitax evasion software. Netreveal services developed by bae systems detica, provide automatic processing and access to huge volumes of information enabling analysts to gain an insight and develop situational awareness and. How masshealth cut medicaid fraud with predictive analytics gcn. In a statement to btn, vishal marria, director of financial services for detica netreveal. Analysis and presentation of data powered by ai can reduce human bias in the decisionmaking process and improve the outcome for both institutions and customers alike, without removing. Netreveal networked intelligence reveals hidden links. Detica receives outstanding rating for product viability. Aml transaction monitoring systems protiviti united states.