Intellinx Announces Record Growth for 2012

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The innovative leader in enterprise fraud prevention and operational risk management has reported a record year in growth and profitability, with an increase of over 25% in new customers, now totaling more than 150 enterprises worldwide.

Intellinx Ltd., the innovative leader in enterprise fraud and operational risk management, announced today record growth for the year of 2012.

This is the Company's eighth consecutive year of revenue growth and fourth year of profitability. Intellinx also posted a record growth of over 25% in new customers, now totaling over 150 enterprises worldwide, as well as a 40% growth in its workforce.

"This year we have solidified our presence in the anti-fraud and operational risk market with over 30 new customers," says Intellinx CEO and co-founder Orna Mintz-Dov.
“In addition, many of our existing customers, which initially deployed our insider fraud solution, have now leveraged the Intellinx Platform to combating other types of fraud such as Web Fraud, ATM Fraud, and Anti-Money Laundering.”

“Another major advancement in 2012 was the release of the Intellinx Enterprise Case Management Version 5, which seamlessly integrates with all of our existing anti-fraud solutions and fully supports the latest FINCEN reporting requirements.”

According to Boaz Krelbaum, Intellinx CTO, US General Manager and co-founder, "In 2012 we and our partners have seen a growing demand for anti-fraud solutions, driven by government regulations and an increase in online business and financial activities.”

"Our growth was propelled by the strong synergy between our products, which are all based on the highly flexible Intellinx Platform, as well as on our continued emphasis on deployment simplicity."

According to Mintz-Dov and Krelbaum, Intellinx will continue to experience strong growth in 2013, fueled by increasing demand for anti-fraud protection both in the North American and European markets.

Intellinx in a Nutshell:

Intellinx provides an end-to-end fraud management solution based on a unique combination of comprehensive data capture directly from the corporate network, cross channel analytics, and real-time alerting based on advanced profiling and scoring.

Intellinx enables banks and other organizations to detect and prevent internal, external, and collusive fraud and information leakage, and comply with government regulations including Sarbanes-Oxley, Basel II and privacy regulations.

Intellinx first-of-its-kind, cross-platform surveillance system provides unparalleled visibility of end-user activity across the enterprise. The system tracks all user and account activity in corporate applications on all major platforms, from Mainframe to Oracle Forms to Web.

Utilizing a patented agent-less sniffing technology, Intellinx requires no change to the organizational infrastructure, and incurs no risk, overhead or performance degradation to servers, networks, or clients.

While most Enterprise Fraud Management solutions provide mainly analytic and investigative functions and require organizations to prepare the data for analysis (ETL), Intellinx captures data directly by network sniffing, dramatically reducing the commonly lengthy and laborious ETL process (although Intellinx can combine also traditional data sources such as logs and data warehouses).
Fraud investigators, compliance officers and internal auditors utilize Intellinx in three major ways:

  • Forensic investigation and auditing activities including Visual Replay - Intellinx generates a detailed audit trail of all end-user activity (employees, customers, etc.), with complete visibility of online activity and visual replay of every screen, keystroke and screen-flow. An intuitive, Google-like search mechanism enables investigators to quickly answer questions (such as which user accessed a specific account number in a given period) and visually replay the exact user activity screen by screen.
  • Automatic Cross-Channel Behavior and Transaction Tracking in Real-Time and Batch – The behavior and transactions of customers, accounts, employees and other entities are tracked and profiled by the analytic engine. The engine correlates activities between the various channels and generates real-time (or batch) alerts on suspicious events in various channels including Call Centers, e-Banking, electronic payments, checks, new accounts, employees and others.
  • Investigations and Case Management – Suspicious events can be investigated utilizing a user-friendly web-based user-interface. The system enables investigators with no technical background to control the investigation environment and processes, set business rule parameters, thresholds and scoring calculations; and maintain white lists, configure workflows, define reports, conduct link analysis, and more.

About Intellinx

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. Intellinx is ranked #1 solution for Insider Fraud detection by several analyst firms. 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 150 large and medium sized financial, healthcare, government and telecom organizations worldwide.
For more information, please visit http://www.intellinx-sw.com .

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HAGAI SCHAFFER
Intellinx LTD.
(201) 567-7737
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