NCR on Tuesday announced the release of the latest version of its Fractals enterprise fraud detection solution.
The Fractals solution is designed to deliver eBanking fraud detection and fraud management.
NCR said Fractals’ new eBanking channel brings the intelligent fraud detection functionality of Fractals to the internet and mobile banking space.
Fractals monitor financial transactions, such as payments and transfers, as part of its fraud management program.
In addition, the solution keeps an eye on non-financial transactions, including login attempts, changes of personal data and creation of new recipients which might indicate fraud on an account.
“The latest version of Fractals has been transformed. In particular, we have focused on an outstanding user interface, as well as a wealth of new features, designed to give the greatest possible support to those on the front line of the fight against fraud,” said Steve Nogalo, vice president of payments at NCR Financial Services.
NCR also enabled more flexible batch fraud tagging, and simpler and faster access to data across different perspectives in the system.
The latest release delivers significant flexibility, including the ability to easily update languages, and the new version is now available in Japanese.
Further, NCR enhanced the Fraud Intelligence Hub by the integration of two new external data providers for IP intelligence and device reputation.
However, NCR said it never locks its customers into one vendor for their intelligence needs, and any other new data source can be integrated at the request of a client.
In addition to its rules technology, Fractals uses Bayesian modelling which enables it to identify fraud accurately from any sized data set.