BAE Systems’ NetReveal AML Solution Recognized by Aite Group for Link Analysis and Visualization Capabilities
December 08 2015 - 8:00AM
Business Wire
Awarded Analyst Honors in 2015 for AML
Prevention Product Suite
BAE Systems today announced that its NetReveal® financial crime
and compliance platform has been recognized by Aite Group’s Case
Management Vendor Evaluation: Keys to Enterprise Success Report as
a leader in link analysis and visualization for anti-money
laundering (AML) and fraud prevention.
Financial Institutions (FI) are facing rising anti-fraud and
compliance costs; multiple data sources, siloed systems and
variable data quality combine to impede investigation efficiency,
making it difficult to adapt to emerging regulatory requirements
and fraud patterns and impairing the FIs’ ability to achieve a
single risk based view of its customers and their
counterparties.
NetReveal helps large and mid-sized banks and large securities
and investments firms to quickly identify organized financial crime
and better detect and prevent illicit transactions from entering
the financial payments system. NetReveal’s link analysis evaluates
relationships and patterns between different parties while
monitoring all accounts and activities in a network providing
enhanced fraud detection and prevention, while its configurable
alert and case management features provide advanced alert
optimization and investigation efficiency benefits.
Aite Group recognized NetReveal for its open architecture,
configurability, ability to ingest information from disparate
systems, system dependability and sales support excellence.
In June, Aite Group also named BAE Systems a Leader in the AML
Market and Leader in the Large FI Market in its Global AML Vendor
Evaluation Managing Rapidly Escalating Risk Report. This award was
given to BAE Systems due to its large installation base with large
banks, its high level of client satisfaction and its demonstrated
commitment to ongoing innovation as well as its high level of
acceptance among regulators.
Julie Conroy, Research Director, Aite Group, said:
“Fighting financial crime has been likened to fighting a war, with
analytic solutions becoming the weapon-of-choice against money
laundering and fraud. Financial institutions need solutions that
allow them to quickly and efficiently detect anomalous activity.
Given the rapidly changing landscape, they also need a vendor
committed to ongoing product evolution and support.”
Tim Harvey, President, Commercial Solutions, BAE Systems
Applied Intelligence, said: “The sophistication and volume of
financial crime has resulted in greater need for rapid risk
identification and defense. NetReveal is designed to assist
investigators who have to make fast, risk-based decisions and
quickly respond to threats. We’re honored to be recognized by Aite
Group for the work that we’ve done to help financial institutions
address their compliance obligations.”
The Aite Group’s Case Management Vendor Evaluation: Keys to
Enterprise Success Report and the Aite Group’s Global AML Report
can be accessed by clicking on the following:
http://info.ai.baesystems.com/Nurture_Aite-LP.html.
About BAE Systems
At BAE Systems, we provide some of the world’s most advanced,
technology-led defence, aerospace and security solutions and employ
a skilled workforce of some 83,400 people in over 40 countries.
Working with customers and local partners, we develop, engineer,
manufacture and support products and systems to deliver military
capability, protect national security and people and keep critical
information and infrastructure secure.
BAE Systems Applied Intelligence is a business division of BAE
Systems that delivers solutions that help clients to protect and
enhance their critical assets in the intelligence age. Our
intelligent protection solutions combine large-scale data
exploitation, ‘intelligence-grade’ security and complex services
and solutions integration. We operate in four key domains of
expertise: cyber security, financial crime, communications
intelligence and digital transformation.
Leading enterprises and government departments use our solutions
to protect and enhance their physical infrastructure,
mission-critical systems, valuable intellectual property, corporate
information, reputation and customer relationships, competitive
advantage and financial success.
For further information about BAE Systems Applied Intelligence,
please visit www.baesystems.com/ai
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BAE Systems plcTel: 44 (0) 1252 384719Email:
baesystemsinfo@baesystems.comWeb: www.baesystems.comorBAE Systems
Applied IntelligenceJena Murphy, 617-235 8862Mobile: 617-513
0265jena.murphy@baesystems.comorArticulate CommunicationsWendy
Schechter, 212-594 5504wschechter@articulatecomms.com
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