Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Bottomline Technologies and Sopra Banking Software Join Forces to Combat Fraud

Bottomline Technologies and Sopra Banking Software Join Forces to Combat Fraud

Behavior monitoring solution identifies suspicious activity in real-time

Bottomline Technologies (NASDAQ:EPAY), a leading provider of financial technology that helps make business payments simple, smart and secure, has announced an integration into the Sopra Banking Amplitude core banking system with its innovative fraud protection solution for financial institutions.

Sopra Banking Software a major digital player and trusted partner of banks, has partnered with Bottomline Technologies to offer the Company’s Cyber Fraud and Risk Management solution. The new layer of fraud protection focuses on user behavior monitoring. Thxis real-time capability enables the identification of suspicious activity and alerts investigators when risk is abundantly clear.

“With statistics showing that 75% of fraud cases globally involve internal users or their stolen credentials, we are delighted that our core banking solution Amplitude is now able to detect suspicious user behavior and prevent internal fraud before it happens,” said David Lejolivet, Amplitude Product Strategy Director, Sopra Banking Software.

David Lejolivet said that Sopra’s decision to select Bottomline’s Cyber Fraud Risk Management Solution was based on the ability to monitor user behavioir in real-time through machine learning.

“The visual replay of the user sessions have been key aspects of our decision to select the fraud protection layer from Bottomline,” said David Lejolivet.

“Cyber fraud cases are increasing overnight and notably within the financial community,” said Daniel Bardini, Managing Director, Switzerland for Bottomline Technologies. “The persistence of such threats underlines the importance of businesses and banks monitoring users’ behavior to protect mission critical applications from internal fraud,” said Bardini.

Bottomline Technologies’ behavior monitoring functionality captures and analyzes data in real-time, leveraging behavioral analytics, profiling and grouping through dynamic configurations and rules that provide automated threat detection with immediate protection.

“When the system detects a high-risk action, our solution provides all of the tools necessary to ensure that investigators are following an approved process while quickly being able to research and make decisions,” said Bardini.

New regulations placed on Banks include fraud prevention requirements as a way to preserve customer assets.

“The combination of a fraud solution with a core banking system is a strategic milestone that enhances security for end customers,” said Bardini. “This is a strong win-win-win all parties involved.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post