Top Global Bank Selects Verint to Provide Enterprise Solution for Fraud and Security Investigations

Solution Standardized across Thousands of Retail Branches and ATMs to Help Modernize Operations

MELVILLE, N.Y.--(BUSINESS WIRE)--Verint^® Systems Inc. (Nasdaq: VRNT), The Customer Engagement Company^™, today announced one of world’s largest banking organizations selected Verint as its new standard solution for enterprise fraud and security investigations. The selection resulted after a thorough analysis of technologies that best fit the bank’s fraud investigation, cybersecurity and deployment management requirements.

The bank chose Verint’s enterprise-class recording platform to enhance compliance and fraud control across its network of retail branches and ATMs^*. The solution combines the powerful network video recorder with robust software for review and enterprise management.

“Verint is focused on developing innovative technologies that help financial institutions reduce fraud and security risk, drive productivity, and help these organizations simplify and modernize their operations,” says Verint’s Matt Tengwall, general manager, fraud and security solutions. “As the market leader, Verint’s suite of fraud and security solutions are designed to address the unique requirements of banks and credit unions. We believe the bank’s selection provides validation of our proven ability to deliver innovative solutions that address compliance and fraud control and help leading banks reduce loss and address potential risk.”

Verint’s advanced fraud and security solutions can help banks and credit unions identify risks and vulnerabilities in real time, helping fraud investigators mitigate threats, and ensure compliance. To learn more about Verint’s solutions for banks, click here.

About Verint Systems Inc.
Verint^® (Nasdaq: VRNT) is a global leader in Actionable Intelligence^® solutions with a focus on customer engagement optimization and cyber intelligence. Today, over 10,000 organizations in more than 180 countries—including over 85 percent of the Fortune 100—count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we’re creating A Smarter World with Actionable Intelligence^® at www.verint.com.

* The bank invested in Verint solutions in Q2 of 2019.

This press release contains “forward-looking statements,” including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2020, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

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