BAE Systems Detica awarded Best Financial Crime Product or Service at the Banking Technology Awards

Nov. 14, 2013 - PRLog -- BAE Systems Detica announces that it has been awarded the Best Financial Crime Product or Service award in the readers’ choice category at the Banking Technology Awards 2013. The accolade was given in recognition of Detica’s outstanding performance in the financial services security market, and in particular its ability to detect the most sophisticated threats, its unique customer approach, and its strong product portfolio.

The 14th annual Banking Technology Awards took place at the Grand Connaught Rooms in London and were attended by more than 300 senior banking and financial technology executives from around the world. Detica’s success was achieved in the face of increased competition in the sector.

Detica’s NetReveal suite of solutions combines predictive analytics with advanced social network analysis to identify suspicious behaviours more accurately than other solutions. Its technology detects, prevents and monitors risk, fraud and non-compliance faster and earlier than many other current approaches. It can also reduce exposure to organised and opportunistic fraud and improve customer service across all lines of a business.

Chris Green, Managing Director, Financial Crime at BAE Systems Detica said:

“We’re delighted to see our financial crime propositions recognised by readers of Banking Technology globally for the value they bring to customers around the world. We are continually innovating and developing new products to stay one step ahead of fraudsters.Our combined technology-based solutions and human expertise allow us to continue evolving, putting ourselves in the strongest position to protect the financial services industry from criminal threats and fraudulent activity online.”

-Ends-

Media Contacts:

Natasha Davies, Global Head of Media, BAE Systems Detica:
Tel: +44 (0)20 7812 4274
Mobile: +44 (0)7787 297 831
Email: natasha.davies@baesystemsdetica.com

Eric Hazard at Articulate Communication, on behalf of BAE Systems Detica:
Tel: 1 (212) 255-0080 x. 23
Email: ehazard@articulatecomms.com

Note to editors

About BAE Systems Detica

BAE Systems Detica delivers information intelligence solutions to government and commercial customers and develops solutions to strengthen national security and resilience.

Detica is part of BAE Systems, a global defence, aerospace and security company with approximately 90,000 employees worldwide.

BAE Systems 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