BAE Systems Applied Intelligence recently announced that the NetReveal® product suite has been recognised as a Category Leader in the Chartis Financial Crime Risk Management Systems Report across all four relevant RiskTech Quadrants®: enterprise fraud, anti-money laundering and transaction monitoring, know-your-customer and client on-boarding, and watch list monitoring.
The Financial Crime Risk Management Systems Report highlights the regulatory landscape for financial institutions and the global compliance demands and risks that many firms are facing. It describes the demand-side and supply-side of the market for financial crime risk management systems and uses Chartis’ RiskTech Quadrants® methodology of in-depth independent research and scoring system to identify which technology solutions best meet organisations’ needs.
Peyman Mestchian, Managing Partner at Chartis, said: “BAE Systems Applied Intelligence provides risk, fraud and compliance solutions to a wide range of organisations across the globe and is among the few vendors who have consistently maintained a position in the leaders category. NetReveal has the analytical depth and breadth vital to solve the advanced problems posed by financial crime. In a dynamic market where risk factors and indicators are changing all the time, NetReveal has the flexibility within its solution that makes it futureproof, which is invaluable to organisations wishing to safeguard themselves from financial crime going forwards.”
Tim Harvey, President, Commercial Solutions, BAE Systems Applied Intelligence, added: “To mitigate the risk of financial crime and to protect their reputation, leading financial services organisations need an enterprise fraud, risk and compliance solution capable of delivering real-world solutions in a complex environment. By combining statistically advanced detection techniques with efficient investigation, global corporations can reduce the cost of compliance, increase the ROI on IT systems and reduce reputational risk in a financial crime environment where the goalposts are always moving.”
BAE Systems Applied Intelligence’s NetReveal is a packaged end-to-end risk, fraud and compliance solution with an international capability suited to global, regional or local deployment for financial institutions and governments worldwide. The NetReveal platform embodies more than a decade of research and development investment and provides a suite of specialised data ingestion and transformation tools, analytics, risk scoring, simulation and model management capabilities – all of which are optimised for fraud, risk and compliance solutions. It uses statistical and analytical techniques to identify patterns of unusual and suspicious behaviours hidden within an organisation’s customer and account base.
In addition to its favourable positioning in the Chartis Financial Crime Risk Management Report, BAE Systems Applied Intelligence is ranked highly in the 2015 Chartis RiskTech100® Report which echoes recognition that BAE Systems Applied Intelligence is among the world’s most significant risk, fraud and compliance technology companies