Carreker to provide Syfact's case management technology
10 July 2006 | 1887 views | 0
Carreker Corporation (NASDAQ:CANI), a leading provider of technology and consulting solutions for the financial industry, today announced an alliance with Syfact, a leading provider of global investigative management solutions, that will allow Carreker to offer Syfact's case management product, Syfact Investigator, to its global client base of financial institutions.
Combining Carreker's proven fraud detection solutions with Syfact's leading case management capabilities offers financial institutions a true end-to-end solution in fraud detection, case management, recovery and compliance.
The alliance allows Carreker to broaden its risk management solutions portfolio by providing its clients with world class case management software as well as implementation services, training and support for Syfact solutions.
Carreker currently offers financial institutions around the world advanced transactional fraud detection and prevention capabilities through its CORE Fraud Manager solution suite. Fraud Manager uses advanced analytics and modeling techniques to review multiple transaction and behavioral patterns to detect and prevent fraud schemes in batch and real-time.
Syfact Investigator is a state-of-the-art case management solution that allows financial institutions to go beyond fraud detection. Syfact's solution streamlines the investigative process by consolidating fragmented data and allowing for segmented, secure data sharing across the enterprise.
"Our alliance with Carreker addresses a real need in the financial services industry," said Gerard Willemse, Syfact Founder. "Combining Carreker's deep domain expertise in providing fraud detection and risk management solutions with Syfact's leading investigative case management capabilities significantly enhances the ability of financial institutions of all sizes to efficiently and effectively combat money laundering and fraudulent schemes, while still meeting increased regulatory requirements."
"This alliance allows us to complete a major component of our risk management offering and provides us with the ability to offer one of the most comprehensive fraud detection and investigative case management solutions in the industry," said Thomas G. Gordon, senior vice president, Risk Management Solutions Group, Carreker. "This end-to-end solution allows financial institutions to be proactive in their efforts to combat financial crimes, improve efficiencies, and reduce operational risks."
J.D. (Denny) Carreker, Carreker chairman and CEO, said, "Our established leadership in offering risk management solutions that help protect some of the largest banks in the world continues to be instrumental in bringing about opportunities to ally with leading companies like Syfact. This agreement allows us to increase the value we bring to our clients."