München (ots) - Sendetermin: Sonntag, 20. August 2017, um 18:00 Uhr bei RTL II Matthias Malmedie testet: ...
IBM And Searchspace Demonstrate Automated Risk Management Solutions
Companies Showcase Successful Anti Money Laundering And
Fraud Risk Management Programs
SIBOS, GENEVA (ots) - IBM and Searchspace® today demonstrated automated Risk Management solutions for the financial services industry. The companies exhibited Anti Money Laundering (AML) and Fraud Risk Management solutions based on Searchspace's highly adaptive intelligent software running on the IBM enterprise platform. IBM and Searchspace formed a strategic alliance in December 2001 to help financial services organizations automate key business processes, such as Risk Management through AML and Fraud Detection. They have a number of joint customers including Wells Fargo and Lloyds TSB. "Risk management is a top priority for nearly every financial institution. IBM and Searchspace have teamed to provide highly effective automated solutions that can manage risk, combat money laundering and reduce fraud," said Tom Shaw, Director of Financial Markets, IBM. "We are proving the value of these solutions through our recent new wins, as we help our customers meet business goals and protect their organizations." IBM and Searchspace offer the industry's only packaged enterprise AML solution. This is based on the Searchspace AML Sentinel V3.0, a mature and proven AML application that works with the Searchspace Intelligent Enterprise Framework (IEF). IEF is an enterprise platform that captures every transaction within an organization, pulling disparate data sources together for a comprehensive institution-wide view. The Searchspace software has been pre-integrated onto the IBM enterprise platform and optimized to run with key IBM business applications, such as Websphere and DB2 UDB. IBM also provides integration services for the solutions. In addition to optimized performance, this prepackaged offering greatly reduces implementation costs and time. Lloyds TSB, for example, was able to deploy an enterprise-wide AML solution in just six months. IBM and Searchspace provide a number of specific Fraud Detection and Management solutions. These include protection against check fraud, debit card fraud, credit card fraud, electronic payment fraud, ATM deposit fraud and identity theft. The Fraud Management solutions run on the Searchspace IEF and IBM enterprise platforms for comprehensive detection throughout the organization. "The Searchspace strategic alliance with IBM has resulted in a highly optimized approach to automated risk management, leading to great benefits for our customers," said Jason Kingdon, CEO of Searchspace. "We've shown great success with our Anti Money Laundering initiative and now see growing momentum around our fraud risk management offering." Earlier this month, IBM recognized Searchspace and the success of the strategic alliance with a Recognition Award for Outstanding Performance in Financial Services. About Searchspace Searchspace is a leading provider of enterprise decision automation software that enables organizations to monitor customer data in real-time to create true business insight. Searchspace products automate core business processes, such as Anti Money Laundering, Fraud Detection, Compliance Reporting and Opportunity Management. Searchspace systems currently manage hundreds of millions of transactions daily, empowering companies to track, analyse, and act upon each and every customer experience in real-time. With mature, proven technology, Searchspace provides solutions to some of the world's leading financial institutions, including Archipelago, The Bank of New York, Bank of Scotland, Barclays, Lloyd's of London, Lloyds TSB, London Stock Exchange, The Royal Bank of Scotland, UBS, UBS PaineWebber and Wells Fargo. For more information visit www.searchspace.com About IBM IBM is the world's largest information technology (IT) company and provider of IT services, as well as a preeminent technology partner to the world's financial services industry. Working directly with its financial services customers, IBM helps them become more competitive through the innovative deployment of high-impact solutions. These solutions comprise the full range of IBM capabilities including consulting, software, hardware, research and services. Additional information can be found at www.ibm.com/solutions/financialservices. Additional information on IBM eServer systems can be found at: www-1.ibm.com/servers/eserver/pseries/hardware. ots Originaltext: Searchspace Internet: www.newsaktuell.ch Contact: Kate Lothian Searchspace Phone +44/20/72'55'10'65 Mailto: firstname.lastname@example.org Chris McManus CenterStage Communications Phone +1/718/832'30'54 Mailto: email@example.com