Welcome!

News Feed Item

Intellinx Launches Check Fraud Solution with Cross Channel Analytics for Effective Detection

ENGLEWOOD CLIFFS, New Jersey, August 7, 2014 /PRNewswire/ --

Intellinx Ltd., the innovative leader in enterprise fraud management announced today the general availability of its check fraud solution which provides accuracy and timeliness of fraud detection to minimize financial losses.  The system tracks multiple indicators of suspicious activity across customer, account and check data and combines this information with internal and external user activity collected using Intellinx's unique sniffing technology.

Check fraud is still a major concern.  Close to 90 percent of financial professionals claimed to have experienced check fraud, and 82 percent of respondents reported that checks were the primary target for fraud according to the 2014 Payments Fraud and Control survey. An increase in mobile deposits and e-banking is making financial institutions more vulnerable. American Banker reported that 10% of people who used their cellphones to make a deposit had it returned to the originating institution due to fraud.

Utilizing advanced and predictive analytics the Intellinx Check Fraud Solution has comprehensive detection capabilities based on integration with core systems, check processing systems, image sources and archives (ATM, teller, RDC, etc.), returned items feed  and return checks.  All this data is correlated with real-time monitoring of employee activity to identity potential collusion of insiders and external crime rings.

The Intellinx Check Fraud Solution integrates seamlessly with the Intellinx Enterprise Alert & Case Manager. Information is shown in an intuitive way matching the investigation process with the ability to display all relevant information including past account activity and check images for each alert. Business users can define business rules and choose the best way to correlate activity from different systems and display system data.  

"Check fraud continues to plague financial institutions and indications are it will continue to be a threat," said Boaz Krelbaum, Intellinx Co-founder, CTO and US General Manager. "The Intellinx Check Fraud Solution is another example of how Intellinx continues to lead the market with cross channel fraud detection systems that effectively minimizes risk and financial losses for financial institutions."

About Intellinx Ltd. 

Intellinx Ltd., the innovative leader in enterprise fraud management, protects organizations from internal and external fraud and data theft. The Intellinx anti-fraud suite provides a rich set of solutions on one unified platform including enterprise alert and case management, employee fraud, web fraud, check fraud and others. Intellinx's patented agent-less technology captures application data directly from the network providing a detailed forensic audit trail with unparalleled visibility into user activity with no overhead. By applying powerful analytics based on behavior profiling Intellinx detects and stops suspicious behavior in real time. Intellinx enables seamless compliance with government regulations (including PCI, GLBA, FACTA Red-Flags, Sarbanes-Oxley, Basel II and AML). Recognized by a leading analyst firm as the number one supplier of internal fraud protection, with the simplest deployment, Intellinx serves over 150 large and medium sized financial, healthcare, government and telecom organizations worldwide including ten of the largest fifty banks.  For more information, please visit http://www.intellinx-sw.com.

Contacts:

Hagai Schaffer
Intellinx Ltd.
Tel: +1-201-567-7737
[email protected]

Monica Maron
Spicetree Communications
Mobile: +972-54-5429529
[email protected]

SOURCE Intellinx Ltd

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., and Logan Best, Infrastructure & Network Engineer at Webair, focused on real world deployments of DDoS mitigation strategies in every layer of the network. He gave an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He also outlined what we have found in our experience managing and running thousands of Linux and Unix ...