New Delhi (NVI): The global technology specialist in fraud & compliance management, GBG, today announced the launch of four fraud solutions, including its flagship Instinct Hub now as a platform solution.
Businesses across the globe are enabled to onboard quality customers more swiftly, while simultaneously protecting their organizations and their customers against losses from fraud and financial crimes in an increasingly complex digital landscape.
GBG’s fraud and compliance management product suite is accredited by Chartis as best of breed anti-money laundering (AML) and watchlist solutions, for their strong case management and analytics capabilities, focused functionality and ability to integrate with other best-in-class point solutions.
“Nearly one in two enterprises in Asia Pacific are falling victim to fraud, money laundering, or other forms of financial crime. Financial institutions find themselves facing unprecedented diversity of application and transactional channels — from branch to online and e-wallets.
These channels and criminal activities are evolving at a speed and complexity that these enterprises, and the financial institutions that support them, are hard-pressed to keep up with,” said June Lee, Managing Director of APAC, GBG.
To aid in that fight, GBG offers a layered digital fraud and compliance solution which unifies data across vertical silos to improve financial crime detection accuracy across the customer journey.
At the foundation of GBGs offering sits Instinct Hub, a key solution to its digital risk management and intelligence platform, which manages swift and frictionless new customer digital onboarding. Instinct Hub is upscaled to combat complex financial crimes 4.0 attacks against a customer identity and perpetrated across online, mobile and branch networks.
GBG Instinct Hub is designed for organizations who are embracing digital transformation, e-banking channels and launching digital banking products.
Other solutions include:
Predator 5.0, GBG’s autonomous solution for identifying and ceasing suspicious transactions and payments that can cost financial institutions billions in losses.
Orchestration, a module for Instinct Hub that can raise fraud detection up to 30 per cent by dynamically activating the desired best of breed cyber, identity, geolocation and bespoke third party calls such as to proprietary banking systems and fraud bureaus.
Machine Learning, a module for Instinct Hub that uses advanced modelling techniques to detect complex criminal attacks, augment detection accuracy and reduce false positives.All of GBG’s solutions can be supported across a range of infrastructure models, from full on-premise to private, public, and hybrid cloud.
“Financial institutions and other enterprises must increasingly balance the imperatives of digital transformation with the need to maintain watertight defences against financial and cybercrimes,” said June Lee. “With that in mind, GBG’s solutions are designed especially to provide frictionless and fully-automated layers of protection which evolve to the changing customer experience, payments models, and infrastructure choices that digitally transforming organizations may employ.”
