Gemalto, a developer of digital security solutions, has launched an integrated transaction monitoring software, the Ezio Dynamic Fraud Manager, to optimize fraud protection for online banking.
Under a reseller agreement with consumer transactions technologies firm NCR Corporation, Gemalto will offer NCR’s Fractals intelligent fraud detection solution as part of the Ezio solution.
The Ezio Dynamic Fraud Manager will enable real-time risk calculation of individual online transactions to trigger an action based on rules established by the bank, either allowing the transaction to proceed, or rejecting it, or asking the end user for additional authentication or requesting action by the alert management teams.
NCR Financial Services vice president and general manager of Software and Professional Services Ruth Fornell said: "Preventing fraud in all forms remains a key priority for financial institutions around the world.
"Our work with Gemalto will help financial institutions improve their digital banking security. Banks can now better reduce false positives, the number of alerts, and their related operational costs, as well as further enhancing the end user experience."