Click here to close now.

SYS-CON MEDIA Authors: Eva Belanyiova, tru welu, Blue Box Blog, Kevin Jackson, Peter Silva

News Feed Item

Intellinx Launches Check Fraud Solution with Cross Channel Analytics for Effective Detection

ENGLEWOOD CLIFFS, New Jersey, August 7, 2014 /PRNewswire/ --

Intellinx Ltd., the innovative leader in enterprise fraud management announced today the general availability of its check fraud solution which provides accuracy and timeliness of fraud detection to minimize financial losses.  The system tracks multiple indicators of suspicious activity across customer, account and check data and combines this information with internal and external user activity collected using Intellinx's unique sniffing technology.

Check fraud is still a major concern.  Close to 90 percent of financial professionals claimed to have experienced check fraud, and 82 percent of respondents reported that checks were the primary target for fraud according to the 2014 Payments Fraud and Control survey. An increase in mobile deposits and e-banking is making financial institutions more vulnerable. American Banker reported that 10% of people who used their cellphones to make a deposit had it returned to the originating institution due to fraud.

Utilizing advanced and predictive analytics the Intellinx Check Fraud Solution has comprehensive detection capabilities based on integration with core systems, check processing systems, image sources and archives (ATM, teller, RDC, etc.), returned items feed  and return checks.  All this data is correlated with real-time monitoring of employee activity to identity potential collusion of insiders and external crime rings.

The Intellinx Check Fraud Solution integrates seamlessly with the Intellinx Enterprise Alert & Case Manager. Information is shown in an intuitive way matching the investigation process with the ability to display all relevant information including past account activity and check images for each alert. Business users can define business rules and choose the best way to correlate activity from different systems and display system data.  

"Check fraud continues to plague financial institutions and indications are it will continue to be a threat," said Boaz Krelbaum, Intellinx Co-founder, CTO and US General Manager. "The Intellinx Check Fraud Solution is another example of how Intellinx continues to lead the market with cross channel fraud detection systems that effectively minimizes risk and financial losses for financial institutions."

About Intellinx Ltd. 

Intellinx Ltd., the innovative leader in enterprise fraud management, protects organizations from internal and external fraud and data theft. The Intellinx anti-fraud suite provides a rich set of solutions on one unified platform including enterprise alert and case management, employee fraud, web fraud, check fraud and others. Intellinx's patented agent-less technology captures application data directly from the network providing a detailed forensic audit trail with unparalleled visibility into user activity with no overhead. By applying powerful analytics based on behavior profiling Intellinx detects and stops suspicious behavior in real time. Intellinx enables seamless compliance with government regulations (including PCI, GLBA, FACTA Red-Flags, Sarbanes-Oxley, Basel II and AML). Recognized by a leading analyst firm as the number one supplier of internal fraud protection, with the simplest deployment, Intellinx serves over 150 large and medium sized financial, healthcare, government and telecom organizations worldwide including ten of the largest fifty banks.  For more information, please visit http://www.intellinx-sw.com.

Contacts:

Hagai Schaffer
Intellinx Ltd.
Tel: +1-201-567-7737
[email protected]

Monica Maron
Spicetree Communications
Mobile: +972-54-5429529
[email protected]

SOURCE Intellinx Ltd

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The web app is Agile. The REST API is Agile. The testing and planning are Agile. But alas, Data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes which force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software orga...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
Akana, a leading provider of API Management, API Security and Cloud Integration solutions, announced that it is introducing DevOps automation to the API lifecycle. New capabilities in Akana's API Management platform significantly reduce the time required to update API definitions and versions. DevOps teams will be able to work faster in designing and developing APIs, as well as managing them at runtime and publishing them to a portal.
2015 predictions circa 1970: houses anticipate our needs and adapt, city infrastructure is citizen and situation aware, office buildings identify and preprocess you. Today smart buildings have no such collective conscience, no shared set of fundamental services to identify, predict and synchronize around us. LiveSpace and M2Mi are changing that. LiveSpace Smart Environment devices deliver over the M2Mi IoT Platform real time presence, awareness and intent analytics as a service to local connecte...
DevOps Summit at Cloud Expo New York is offering a limited time FREE "Expo Plus" registration option in New York. On site registration price of $1,95 will be set to 'free' for delegates who register during special offer. To take advantage of this opportunity, attendees can use the coupon code, and secure their registration to attend all keynotes, @DevOpsSummit sessions at Cloud Expo, expo floor, and SYS-CON.tv power panels. Special FREE registration givess access to all Containers and Microservi...
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The world is at a tipping point where the technology, the device and global adoption are converging to such a point that we will see an explosion of a world where smartphone devices not only allow us to talk to each other, but allow for communication between everything – serving as a central hub from which we control our world – MediaTek is at the heart of both driving this and allowing the markets to drive this reality forward themselves. The next wave of consumer gadgets is here – smart, con...
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are ra...
The only place to be Nov 3-5 is Cloud Expo | @ThingsExpo | DevOps Summit 2015 West at the Santa Clara Convention Center in Santa Clara, CA. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT, Big Data and DevOps companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked...
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, will analyze how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining B...
While there are hundreds of public and private cloud hosting providers to choose from, not all clouds are created equal. If you’re seeking to host enterprise-level mission-critical applications, where Cloud Security is a primary concern, WHOA.com is setting new standards for cloud hosting, and has established itself as a major contender in the marketplace. We are constantly seeking ways to innovate and leverage state-of-the-art technologies. In his session at 16th Cloud Expo, Mike Rivera, Seni...
“We are a managed services company. We have taken the key aspects of the cloud and the purposed data center and merged the two together and launched the Purposed Cloud about 18–24 months ago," explained Chetan Patwardhan, CEO of Stratogent, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that the "First Containers & Microservices Conference" will take place June 9-11, 2015, at the Javits Center in New York City. The “Second Containers & Microservices Conference” will take place November 3-5, 2015, at Santa Clara Convention Center, Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
SYS-CON Events announced today DevOps.com will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Launched in 2014, DevOps.com has quickly established itself as an indispensable resource for DevOps education and community building. DevOps.com make it their mission to cover all aspects of DevOps – philosophy, tools, business impact, best practices and more.
ThingsExpo New York is offering a limited time FREE "Expo Plus" registration option in New York. On site registration price of $1,95 will be set to 'free' for delegates who register during special offer. To take advantage of this opportunity, attendees can use the coupon code, and secure their registration to attend all keynotes, ThingsExpo sessions, expo floor, and SYS-CON.tv power panels. Special FREE registration givess access to all DevOps, Containers and Microservices sessions as well. Regi...