NEW YORK--(BUSINESS WIRE)--BAE Systems Detica today announced that it has entered into an agreement with Commerzbank AG to use the Detica NetReveal® platform to enhance the bank's control monitoring environment.
By taking data from diverse systems that often have different feed types and varying data structures Detica NetReveal provides a central repository of networked data, which is linked across the organisation to further support the company’s ability to create a single view of portfolios, counterparties and other entities.
Rik Turner, Senior Analyst, Ovum said:
“Financial regulators and investors alike continue to push for more robust and transparent risk management processes. Incorporating enterprise risk management solutions that start from the ‘network of risk’ rather than the individual transaction will allow firms to lay the groundwork for risk analysis based on complex data.”
George Robbins, Director, Detica NetReveal said:
“Understanding and contextualising operational risk within an investment bank is a real challenge due to the breadth of systems used and the vast quantities of data generated every day. Detica NetReveal’s advanced analytical technology allows actionable intelligence to be derived from the data the bank holds, reducing exposure to a range of operational risks.”
About Detica NetReveal
Detica NetReveal is a leading provider of risk, fraud and compliance solutions to a wide range of financial services and government clients across the globe. The NetReveal suite of solutions combines predictive analytics with advanced social network analysis to identify suspicious behaviours more accurately than other solutions.
The power of our approach lies in the combination of specialist industry expertise with proven technology. We provide our clients with intelligence to more accurately assess the risk of the individual by better understanding the risk associated with the networks in which they operate. With over 130 clients across five continents, including six of the world’s current top 10 financial institutions, Detica NetReveal has a proven track record of tackling fraud, improving operational intelligence and reducing financial losses and reputational risk. Detica NetReveal, incorporating Norkom Technologies, is a business division of BAE Systems Detica.
For further information, please visit www.deticanetreveal.com
About BAE Systems Detica
BAE Systems Detica delivers information intelligence solutions to government and commercial customers. We help them collect, exploit and manage data so they can deliver critical business services more effectively and economically. We also develop solutions to strengthen national security and resilience.
We integrate and deliver world-class solutions to our customers’ most complex operational problems – often applying our own unique intellectual property. Our services include cyber security, managing risk and compliance, data analytics, systems integration and managed services, strategy and business change and the development of innovative software and hardware technologies.
Detica is part of BAE Systems, a global defence and security company with approximately 100,000 employees worldwide. BAE Systems delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services.
BAE SYSTEMS, DETICA, NETREVEAL are registered trade marks of BAE Systems plc.