IBM Launches Global Initiative To Help Clients Detect Threat And Combat Fraud

IBM Launches Global Initiative To Help Clients Detect Threat And Combat Fraud

IBM today announced a comprehensive software and solutions strategy expected to provide customers with the industry’s most advanced and complete identity recognition solutions for uncovering and managing potential threats and fraudulent activity by individuals and groups attempting to mask, hide, or misrepresent their identities. IBM’s Threat & Fraud Intelligence strategy will enable five focused solution portfolios with a common, extensible and re-usable technology platform – each tailored to meet the needs of a specific industry or focus area. In support, IBM today is also releasing two pre-packaged software and services solution bundles, the IBM Threat & Fraud Intelligence Starter Pak, and IBM Threat & Fraud Intelligence Law Enforcement Solution.

These solution portfolio bundles can help government agencies and businesses to match, resolve and verify the origin, cultural variation and meaning of names by comparing and analyzing factors commonly associated with nearly one billion names from around the world, including nicknames, titles, format changes and typographical errors. Customers can turn to IBM’s unique Global Name Recognition (GNR) technology to help safeguard their business transactions, increase revenue, enter new markets, reduce risk and avoid potential problems by rapidly analyzing and verifying the names of existing and potential customers, partners or employees.

“Establishing accurate identities and understanding relationships between individuals is emerging as the most critical principle in corporate and government security,” Said John Slitz, Vice President, IBM Threat & Fraud Intelligence Solutions, “It is the mission of IBM Threat & Fraud Intelligence to provide the industry’s most robust and complete platform to support our clients in detecting threat and fraud, accurately and in real time.”

In addition, IBM is also applying its broad Entity Analytic Solutions (EAS) portfolio, including Identity and Relationship resolution, and Anonymous resolution, to help clients integrate their disparate silos of enterprise information to create accurate and real-time insight, in line and on context, to detect and prevent fraud before it actually occurs.

Read the complete Press Release