Syntel And Global Analytics Mitigate Fraudulent Transactions

Syntel has signed a partnership agreement with Global Analytics to provide bankcard fraud detection services for its customers worldwide. Syntel will work with Global Analytics to customize and implement fraud detection and prevention applications. Global Analytics' Fraud Antibodies provides online

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Syntel has signed a partnership agreement with Global Analytics to provide bankcard fraud detection services for its customers worldwide.

Syntel will work with Global Analytics to customize and implement fraud detection and prevention applications.

Global Analytics’ Fraud Antibodies provides online and offline fraud detection with analytical models that detect fraudulent transactions in large databases and high-volume transaction streams, enabling bankcard issuers to identify and mitigate fraudulent transactions in real-time.

Its Merchant Acquirer Risk Management System (MARS) is another predictive system that uses artificial intelligence models trained with historical data to recognize risk by identifying complex behavior patterns that have preceded prior losses.

“As new threats and new types of fraud evolve every day across the globe, fraud detection has become very challenging,” says Keshav Murugesh, president and CEO, Syntel. “Businesses of all sizes are looking for cost-effective, robust and easily deployable fraud detection solutions. Our partnership with Global Analytics strengthens our solution offering in this space and will provide significant advantages to our customers.”

“Their (Syntel’s) deep customer base, commitment to innovation, and successful track record in custom development work will enable us to provide faster product implementations and a higher level of customization,” says Ted Crooks, vice president, Global Analytics.

L.D.

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