HSBC adds Detica NetReveal to its retail banking fraud prevention measures 
(22/01/2008)
Detica Group plc has announced that HSBC Bank Plc is adding Detica NetReveal® to its portfolio of retail banking fraud prevention measures.
The Detica NetReveal® solution for Retail Banking, chosen by HSBC, enables banks to reduce their exposure to fraud by applying Detica’s social network analysis and scoring technology. By identifying behavioural connections between accounts and customers not apparent to traditional systems, and taking an innovative approach to assessing overall risk, the Detica NetReveal® solution can detect a wider range of fraud not found using traditional scoring methods.
Brendan Pickering, Head of Group Fraud Technology at HSBC, says: “Our decision to purchase Detica NetReveal® was based on the significant return we achieved very rapidly from a pilot study. We are delighted to be working with Detica, a company with a strong background in innovative information intelligence solutions”.
Andy Cobb, Director of Business Development at Detica, says: “We are delighted that HSBC, one of the world’s leading global banks, has chosen our solution. We believe this supports our view that Detica NetReveal® is fast becoming the benchmark for combating organised fraud in the Retail Financial Services industry”.
Related topics: Crime and Fraud Prevention
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