SmartGuard

BPC Bank Technologies, one of suppliers of payment solutions for the financial industry, announced at the beginning of 2013 that the solution for fraud prevention of SmartGuard was recognized one of the best analysts of CEB TowerGroup.

In the analytical report "Card Fraud Management Systems" comparison of the best systems on prevention of frauds from the leading international developers was carried out. Within preparation of the report of analytics of CEB TowerGroup company conducted survey of representatives of supplier companies of financial services and experts of the industry about technological capabilities of solutions for counteraction to fraud.

During the research of functionality SmartVista within a number of implementations of analytics of the company came to a consensus about reliability of a functional core of a product family of BPC. Brian Riley, the senior director on researches, commented on results of the carried-out work, having noted that "the threat of frauds according to cards constantly grows, in turn, creating obstacles for holders of cards. That to resist to this problem, multilevel complex approach to problem solving of safety of payments is necessary for each organization".

Increase in volume of fraudulent transactions in the field of electronic payments is one of key problems of the international financial community, and demand for solutions for prevention of frauds constantly grows. In 2012 the solution SmartGuard of BPC Bank Technologies was implemented in many financial institutions worldwide.

The solution SmartGuard which is a part of SmartVista is developed not simply to monitor on purpose threat of wrongful acts, but to prevent fraud even before its commission. Thanks to existence of an end-to-end system of risks assessment, users of SmartGuard can monitor transactions, revealing and blocking potentially dangerous transactions. The solution is capable to process transactions in real time and also to analyze already made transactions, preventing attempts of commission of traditional and new types of the frauds committed using different channels.

"Our clients regularly share with us information on work of our solution on prevention of frauds. Decrease in losses from attempts of commission of fraudulent activity is very notable, some clients have an amount of money, saved thanks to SmartGuard, is up to 1 million US dollars a month. We are proud of the fact that our solution is recognized one of the most effective tools of means of prevention of frauds and protection of means of clients", – Grigoriev Vasily, the CEO of BPC Bank Technologies noted.