Berkshire Bank Proactively Analyzes Fraud, Expedites
Investigations and Resolves Critical Threats
VyStar Credit Union Realizes Time and Cost Savings from
Automating Fraud Investigations
Verint® Systems Inc. (Nasdaq: VRNT), The Customer Engagement
Company™, continues to experience significant demand for its
integrated solutions for the global banking market. Verint’s
Security, Surveillance and Fraud Investigation offerings enable
financial leaders to integrate fraud mitigation and risk management
to streamline operations and realize stronger security
postures.
The banking environment faces a new risk paradigm—one that
encompasses cyber and physical threats, such as ATM skimming,
identity theft, data breaches, scams, and phishing. These types of
threats can lead to significant losses, so banks need to focus on
minimizing fraud attempts and reducing the risks for damage.
Additionally, regulations, such as the General Data Protection
Regulation (GDPR), require compliance-driven and data protection
technology.
“Verint solutions help us proactively analyze fraud, expedite
investigations and find better solutions to resolve critical
threats,” said Tina Pickup, security officer, Berkshire Bank.
As a trusted partner to the financial services market, Verint
delivers technology that empowers banks to adopt a more proactive
approach to risk management and security. Verint solutions allow
organizations, like VyStar Credit Union, Berkshire Bank, and many
others, to leverage data to identify potential risks and create
higher levels of awareness across the enterprise.
“Automating our fraud investigations with Verint solutions has
helped our fraud department achieve a time savings of nearly 85
percent over previous manual methods. This savings continually
drives down fraud-related costs,” said Kevin Owens, vice president
of security and safety, VyStar Credit Union.
Verint’s Security, Surveillance and Fraud Investigation
offerings aid financial institutions in identifying security
threats and vulnerabilities in near real-time, helping security
personnel mitigate risk, ensure operational compliance, and improve
fraud investigations. With technologies like Verint’s video
software management platform for video monitoring, recording and
analysis, financial institutions gain stronger protection from
loss, while enhancing the customer experience.
“As more banks turn to mobile services, kiosk-based locations,
and more customer-centric branch operations, there are greater
risks for fraud and loss,” comments Verint’s Matt Tengwall, vice
president and general manager, banking and retail solutions.
“Increasingly sophisticated fraud techniques require organizations
to pursue new approaches to prevent and detect such activities, and
Verint leads the way in delivering fraud solutions needed to help
mitigate these risks.”
To learn more about Verint’s robust portfolio of solutions and
services for the financial services sector, visit the company at
booth #1917 at the Global Security Exchange (GSX) by ASIS
International Conference and Expo in Las Vegas, or view the
company’s fraud mitigation eBook.
About Verint Systems Inc.
Verint® (Nasdaq: VRNT) is a global leader in Actionable
Intelligence® solutions with a focus on customer engagement
optimization, security intelligence, and fraud, risk and
compliance. Today, over 10,000 organizations in more than 180
countries—including over 85 percent of the Fortune 100—count on
intelligence from Verint solutions to make more informed, effective
and timely decisions. Learn more about how we’re creating A Smarter
World with Actionable
Intelligence® at www.verint.com.
This press release contains “forward-looking statements,”
including statements regarding expectations, predictions, views,
opportunities, plans, strategies, beliefs, and statements of
similar effect relating to Verint Systems Inc. These
forward-looking statements are not guarantees of future performance
and they are based on management’s expectations that involve a
number of risks, uncertainties and assumptions, any of which could
cause actual results to differ materially from those expressed in
or implied by the forward-looking statements. For a detailed
discussion of these risk factors, see our Annual Report on Form
10-K for the fiscal year ended January 31, 2018, our Quarterly
Report on Form 10-Q for the quarter ended July 31, 2018, and other
filings we make with the SEC. The forward-looking statements
contained in this press release are made as of the date of this
press release and, except as required by law, Verint assumes no
obligation to update or revise them or to provide reasons why
actual results may differ.
VERINT, ACTIONABLE INTELLIGENCE, THE CUSTOMER ENGAGEMENT
COMPANY, NEXT IT, OPINIONLAB, TERROGENCE, SENSECY, CUSTOMER
ENGAGEMENT SOLUTIONS, CYBER INTELLIGENCE SOLUTIONS, EDGEVR,
RELIANT, VANTAGE, STAR-GATE, SUNTECH, and VIGIA are trademarks or
registered trademarks of Verint Systems Inc. or its subsidiaries.
Other trademarks mentioned are the property of their respective
owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20180924005129/en/
Verint Systems Inc.Media
Relations:Courtney Mamuscia,
303-254-7162courtney.mamuscia@verint.comorInvestor Relations:Alan Roden,
631-962-9304alan.roden@verint.com
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