Financial Crime - Trade Finance

BAE Systems Detica today announced that its Detica NetReveal® solution has been named winner of the Fraud and Financial Crime Software Award 2013 by Operational Risk & Regulation magazine. Winners were selected by OpRisk’s editorial staff on the basis of discussions with industry participants.
­The Operational Risk & Regulation Awards aim to recognise excellence in operational risk management across the financial sector and reward those companies and individuals that have demonstrated innovative thinking and provided useful solutions to the operational risk management challenges faced by the financial industry.
Alexander Campbell, Editor, Operational Risk & Regulation, said: “The signals of fraud are often hidden in a torrent of innocent transaction or interaction data. This year's fraud and financial crime software award recognises the value of Detica NetReveal in addressing this problem through analysing patterns and links in disparate data sets to identify activity ranging from insurance fraud to rogue trading.”
Operational Risk & Regulation is recognised as the leading publication for operational risk professionals in financial services across the globe. In print for more than 10 years, the magazine provides heads of operational risk and operational risk managers with information about cutting edge approaches to modelling, mitigating and managing the risks they face. Operational Risk & Regulation is part of the RISK Publications family of magazines, digital information services, events and training.
Detica NetReveal is a highly-scalable risk, fraud and compliance solution with an international capability suited to global and group-wide deployment for financial institutions and governments world-wide. It uses statistical and analytical techniques to identify patterns of unusual and suspicious behaviours hidden within a company’s data. The solution provides a single view of customers and their known associates across an organisation’s entire portfolio of products and brands.
Chris Green, Managing Director NetReveal, BAE Systems Detica, commented:

“Detica NetReveal is playing an increasingly critical role in countering financial crime word-wide. This award is further industry validation that leading edge technologies such as Detica NetReveal really do help financial institutions and government organisations across the globe put a torpedo in the side of organised criminal activities and effectively detect and prevent fraud.”
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Media Contacts:
Natasha Davies, Head of PR and Media, BAE Systems Detica
Telephone +44 (0) 20 7812 4274
Mobile: +44 (0) 7787 297 831
Rosemarie Esposito, Articulate Communications Inc.
Telephone +1 212 255.0080, ext. 20
About Detica NetReveal
Detica NetReveal is a leading provider of risk, fraud and compliance solutions to a wide range of financial services and government clients across the globe. The NetReveal suite of solutions combines predictive analytics with advanced social network analysis to identify suspicious behaviors more accurately than other solutions.
The power of our approach lies in the combination of specialist industry expertise with proven technology. We provide our clients with intelligence to more accurately assess the risk of the individual by better understanding the risk associated with the networks in which they operate. With over 130 clients across five continents, including six of the world’s current top 10 financial institutions, Detica NetReveal has a proven track record of tackling fraud, improving operational intelligence and reducing financial losses and reputational risk. Detica NetReveal, incorporating Norkom Technologies, is a business division of BAE Systems Detica.
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About BAE Systems Detica

BAE Systems Detica delivers information intelligence solutions to government and commercial customers. We help them collect, exploit and manage data so they can deliver critical business services more effectively and economically. We also develop solutions to strengthen national security and resilience.
We integrate and deliver world-class solutions to our customers’ most complex operational problems – often applying our own unique intellectual property. Our services include cyber security, managing risk and compliance, data analytics, systems integration and managed services, strategy and business change and the development of innovative software and hardware technologies.
Detica is part of BAE Systems, a global defence and security company with over 90,000 employees worldwide. BAE Systems delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services.    
BAE SYSTEMS, DETICA, NETREVEAL are registered trade marks of BAE Systems plc.