Asseco SEE’s Enterprise Fraud Monitoring & Prevention Solution InACT® is in GarantiBank NV

Asseco SEE (ASEE), part of Asseco Group, 6th largest software vendor in Europe, announced today, that GarantiBank NV, member of BBVA Group, has deployed InACT® Enterprise Fraud Management to prevent and monitor fraud. Chosen by leading international banks and financial institutions to stop internal and external fraud activities since 2009, an additional tailor-made file management module has been developed for GarantiBank NV to manage SWIFT and SEPA transactions for the project.

InACT® File Management Module checks and resolves SWIFT and SEPA message files regularly and filters through InACT® fraud scenarios. Also, InACT® produces alarms for managers to prevent fraudulent activities by identifying related files. With this infrastructure developed by ASEE, GarantiBank NV intends to enhance its fraud monitoring activities on a digital platform rather than manual controls. This change is in line with the ongoing agile and digital transformation program of the bank.

InACT® Covers all Fraud Types for all Channels

InACT® Enterprise Fraud Management module helps banks to take automatic or manual actions to prevent real and near-real time fraudulent activities by integrating with all applications such as core banking, authorization switch, internet banking, telephony banking, mobile banking, CRM, SMS, and e-mail. Moreover, InACT® helps banks to monitor all issuer and acquirer anti-fraud financial and non-financial transactions, and prevent anti-fraud attacks by covering multiple channels internet banking, mobile banking, branches, ATM, POS, and vPOS. Furthermore, InACT® has been designed to serve multi-institutions and business units within a single installation. The authorizations defined from a single point are at institutional and organizational levels. ‘Maker-Checker’ feature enables authorized business users to approve changes and definitions made by another user in the team such as changes in scenario definitions.

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