RealNews

Unisys suite aims to detect criminal patterns

A new family of products and services from Unisys is designed to make it possible for financial institutions to detect more complex kinds of fraud and spot identity theft and money laundering schemes earlier. On Tuesday the company unveiled the Unisys Active Risk Monitoring System (ARMS), a suite of software that it claims improves the ability of banks and other organizations to spot the patterns of seemingly unrelated events that add up to criminal activity. Unisys is relying on technology from Actimize of New York to provide the underlying analytics technology for the new system. Actimize has developed technology that enables organizations to do complex data mining and analysis on stored information and transaction data without needing to copy data to a separate data warehouse, according to Eli Katz, practice director in Unisys’ Global Financial Services group. Full Story

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