November 26, 2013 --
Systems Detica today announced the Canadian launch of its NetReveal®
OnDemand managed service for insurance fraud prevention. With the World
Economic Forum ranking Canada’s banking system as one of the soundest in the
world, the new service is designed to help Canada’s dynamic insurance sector
stay ahead of the threat from financial crime with both increased agility and
effectiveness and at lower cost.
Created to offer anti-fraud prevention and detection
as a service, Detica will use its advanced global analytics experience to
understand exactly how financial criminals operate. Deployed as a service, the
system is constantly updated to counter the latest modus operandi of
fraudsters. NetReveal is currently being used by over 130 clients, spanning
four continents, including six of the top 10 financial banking and insurance
institutions in the world.
Canada, the system provides automated risk scoring and prioritization of new
insurance fraud claims as well as exposing hidden patterns of fraudulent
behavior. Investigators will therefore be able to focus on high risk claims and
speed up the handling of legitimate claims.
The launch of Detica NetReveal OnDemand means
that organizations are able to leverage rapid and flexible counter-fraud
systems without the capital expenditure usually associated with implementing
large IT projects. Companies can benefit from a ‘software as a service’
approach, without the traditionally large technology overhead or the need to
rely on scarce internal IT department resources.
NetReveal OnDemand solution is the first fraud managed service for Canada,
following successful deployments in six countries across Europe and the United
Stacey, Country Manager, BAE Systems Detica, Canada, said:
launch of NetReveal On Demand in Canada meets the demand for comprehensive
fraud detection technology that can quickly adapt to unique and new fraud
issues. Through the delivery of a flexible, low cost managed service,
organizations can host technology either in-house or on demand with a range of
options that matches fraud problems on a country by country basis. We’re
looking forward to helping Canada take a strong stand against fraudsters and
protecting honest customers from global threats. "
NetReveal OnDemand also effectively
integrates data from multiple systems to create a single view for fraud
detection and investigation, offering a secure web-based managed service with
cost effective data integration and hosting.
Davies, Head of PR and Media, BAE Systems
(0) 20 7812 4274
Mobile: +44 (0) 7787 297 831
Rosemarie Esposito, Articulate Communications Inc.
212 255.0080, ext. 20
BAE Systems Detica
delivers information intelligence solutions to government and commercial
customers and develops solutions to strengthen national security and
part of BAE Systems, a global defence, aerospace and security company with
approximately 90,000 employees worldwide.
delivers a wide range of products and services for air, land and naval forces,
as well as advanced electronics, security, information technology solutions and
customer support services. For more information, please visit www.baesystems.com