BAE Systems Detica Named Category Leader in the Anti-Money Laundering Solutions
2013 RiskTech Quadrant(TM) From Chartis Research
NEW YORK, NY -- (Marketwired) -- 04/25/13 -- BAE Systems Detica
today announced that its Detica NetReveal(R) solution has been
positioned a Category Leader in the Anti-Money Laundering Solutions
2013 RiskTech Quadrant(1) from Chartis.
Anti-money laundering (AML) systems have generated renewed interest
recently due to stricter regulation and supervision as well as new
technology drivers. With increasing demands from regulators,
increased volume of data and continued innovation in detection
analytics, the AML technology landscape is altering dramatically.
The Anti-Money Laundering Solutions 2013 report covers the
competitive landscape for AML systems and considers a range of
solutions and functionalities offered by vendors to help buyers
decide which solution best suits their AML requirements.
Peyman Mestchian, Managing Partner, Chartis said:
"With firms under
increasing pressure to do more to tackle money laundering they need
increased capabilities to improve their detection rates. Detica
NetReveal has ranked very highly for completeness of offering which
relates to depth and breadth of functionality, data management and
technology infrastructure, risk analytics and reporting. The
NetReveal solution is notable for its advanced functionalities and
proven track record in the AML space."
Detica NetReveal is an end-to-end risk, fraud and compliance solution
with an international capability suited to global and group-wide
deployment for financial institutions and governments worldwide. It
uses statistical and analytical techniques to identify patterns of
unusual and suspicious behaviours hidden within a company's data. The
solution additionally enables organisations to integrate AML programs
such as Watch List Management, specialised transaction monitoring,
Sanctions and PEP (politically exposed persons) screening.
Chris Green, Managing Director NetReveal, BAE Systems Detica,
"With regulatory and public scrutiny of financial
institutions at an all time high and reputations more vulnerable and
difficult to repair, organisations are increasingly reliant on
sophisticated technology solutions as they strive to balance
financial crime prevention with enhanced customer experience. The
award winning NetReveal suite of solutions helps our clients across
the globe comply with regulation, protect their reputation, deliver
excellent customer service and protect the bottom line by keeping
criminals out of the door."
Note to editor:
(1) The report uses Chartis's RiskTech Quadrant(TM) to explain the
structure of the market. The RiskTech Quadrant(TM) uses a
comprehensive methodology of in-depth independent research and a
clear scoring system to explain which technology solutions meet an
organisation's needs. The RiskTech Quadrant(TM) does not simply
describe one technology solution as the best AML solution; it has a
sophisticated ranking methodology to explain which solutions would be
best for specific buyers.
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. The NetReveal suite of solutions combines
predictive analytics with advanced social network analysis to
identify suspicious behaviours more accurately than other solutions.
The power of our approach lies in the combination of specialist
industry expertise with proven technology. We provide our clients
with intelligence to more accurately assess the risk of the
individual by better understanding the risk associated with the
networks in which they operate. With over 130 clients across five
continents, including six of the world's current top 10 financial
institutions, Detica NetReveal has a proven track record of tackling
fraud, improving operational intelligence and reducing financial
losses and reputational risk. Detica NetReveal, incorporating Norkom
Technologies, is a business division of BAE Systems Detica.
For further information, please visit www.deticanetreveal.com
About BAE Systems Detica
BAE Systems Detica delivers information intelligence solutions to
government and commercial customers. We help them collect, exploit
and manage data so they can deliver critical business services more
effectively and economically. We also develop solutions to strengthen
national security and resilience.
We integrate and deliver world-class solutions to our customers' most
complex operational problems -- often applying our own unique
intellectual property. Our services include cyber security, managing
risk and compliance, data analytics, systems integration and managed
services, strategy and business change and the development of
innovative software and hardware technologies.
Detica is part of BAE Systems, a global defence and security company
with over 90,000 employees worldwide. BAE Systems delivers a full
range of products and services for air, land and naval forces, as
well as advanced electronics, security, information technology
solutions and customer support services.
BAE SYSTEMS, DETICA, NETREVEAL are registered trade marks of BAE
Chartis is the leading provider of research and analysis on the
global market for risk technology. Its goal is to support enterprises
as they drive business performance through better risk management,
corporate governance and compliance. Chartis helps clients make
informed technology and business decisions by providing in-depth
analysis and actionable advice on virtually all aspects of risk
technology. See www.chartis-research.com.
RiskTech Quadrant(TM) is a registered trademark of Chartis Research
Chartis Research is authorized and regulated by the Financial Conduct
Authority (FCA) for providing investment advice.
Head of PR and Media
BAE Systems Detica
Telephone +44 (0) 20 7812 4274
Mobile: +44 (0) 7787 297 831
Articulate Communications Inc.
Telephone +1 212 255.0080, ext. 20
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