Englewood Cliffs, NJ (PRWEB) May 08, 2012
Intellinx Ltd., the innovative leader in enterprise fraud management solutions, and ERI, the developer and distributor of the leader-in-class OLYMPIC Banking System®, announced today a joint initiative aimed at providing a comprehensive operational risk and compliance solution for ERI customers.
The Intellinx module works easily with the OLYMPIC Banking System®. According to Anat Doron, Intellinx VP of Business Development, "Building this partnership enabled us to provide a solution to two critical concerns of banks: the dangers posed by the current economic and monetary climate and the latest government regulations, including new anti money laundering (AML) laws.”
“The new customizable OpsRisk & Compliance offering," says Doron, "benefits OLYMPIC Banking System® customers not only in terms of improved security and adherence to government regulations, but also in terms of faster and easier deployment that requires fewer resources up to production. This is essential for small and medium private and retail banks that need to implement robust internal controls, reduce operational risks and protect reputation while controlling the cost of the implementation of IT projects."
Adds Nicholas Hacking, Director-Sales at ERI: "As a company that strives to provide our customers with the best banking solutions, we wanted to help address the recent rise in fraud and information theft at financial institutions, and ensure our customers had access to a robust risk management system within the OLYMPIC Banking System® environment."
The Intellinx solution for the OLYMPIC Banking System® is based on the Intellinx cutting-edge non-intrusive monitoring technology that provides real-time alerting to operational risks and fraud. The solution enables ERI customers to deploy a solution customized to their unique operational environment, the specific functionality required and to budgetary constraints.
The Intellinx Anti-Fraud and Internal Control Solution for the OLYMPIC Banking System® has been thoroughly tested on live OLYMPIC Banking System® operational environments and deployed in financial institutions worldwide.
The Intellinx solution for the OLYMPIC Banking System® provides:
- Online automatic recording of business activity and cross-platform business flow.
- Complete audit trail of end-user activity within the OLYMPIC Banking System®, including a powerful search and reporting mechanism.
- Statistical tools for suspicious activity analysis (profiling, peer group, link analysis).
- Packaged rules, alerts and reports (based on extensive experience in implementing operational risk solutions at more than 100 financial organizations worldwide).
- Real-time alerts that allow immediate action before data or money loss.
- Advanced investigative functions, including screen-by-screen replay of user activity in the OLYMPIC Banking System®
- Alert and case management, including configurable workflow and SAR filing.
Intellinx Ltd. is the innovative leader in enterprise fraud management, providing protection from internal and external fraud and data theft committed by legitimate end-users. Intellinx captures application data directly from the corporate network providing a detailed forensic audit trail of all end-users with unparalleled visibility into user activity. Intellinx detects fraud attempts in real-time with powerful analytics based on genuine behavior profiling. The Intellinx patented, agent-less, technology imposes no risk or overhead to the organization and enables seamless compliance with government regulations (including PCI, GLBA, FACTA Red-Flags, Sarbanes-Oxley and Basel II). Intellinx serves over 120 large and medium sized financial, healthcare, government and telecom organizations worldwide. For more information please visit http://www.intellinx-sw.com
About OLYMPIC Banking System®
The OLYMPIC Banking System by ERI is the integrated and real time banking, and asset-management software solution recognized as the most comprehensive package on the market. It has been chosen by over 300 banks, and financial institutions spread over more than 50 countries across Europe, Asia and the Americas. It provides extensive coverage of Front, Middle and Back office functions for the most demanding banking institutions, including advanced e-banking and e-brokerage services.
ERI is an international company specialising in the design, development, distribution and support of the OLYMPIC Banking System®. Operating in many of the major financial centres, ERI is present in Geneva, Zurich, Lugano, London, Luxembourg, Singapore, and Paris.
For more information please visit http://www.eri.ch