Otkritie Bank has introduced a solution to protect against financial fraud

2020: Launch of a preventive monitoring package to detect fraudulent financial schemes

Otkritie Bank on January 20, 2021 announced the launch of an umbrella preventive monitoring complex to identify fraudulent schemes, which allows centralized control of more than 15 bank systems.

This allows the bank to create comprehensive criteria for detecting suspicious transactions and respond faster to changes in fraudulent schemes, thus making the protection of customer funds more reliable.

The umbrella complex based on the Nice Actimize antifrode system will allow experts of Otkritie Bank to identify frode (fraud) in remote banking systems, frode with payment cards, as well as ensure compliance with the requirements of the regulator. In addition, the implementation of the project made it possible to decommission outdated systems, reduce the cost of maintenance and increase the speed of updates and development of the antifrode system.

The umbrella antifrode complex was introduced in parallel with the large-scale integration IT landscape with the unification of 9 banks. The project was implemented in a short time and in conditions of limited resources, "said Dmitry Pervukhin, vice president, deputy director of the IT development department of Otkritie Bank. - As of January 2021, the goals of the project have been achieved, a list of tasks for the development of the system for 2021 has already been formed.

According to Ilya Suloev, director of the Information Security Department of Otkritie Bank, working with an antifrode solution for bank experts has become more flexible. In particular, custom data processing logic, policies and rules for detecting suspicious activity/transactions and decision making have emerged. Also at the disposal of business users now has a unified investigation environment and a database of cases.

In a single environment of the complex, you can work with alerts, manage cases, support investigations, configure and configure alerts, cases, investigation processes, and reporting. Also in this environment, alerts are routed, linked to the appropriate business units, employees or groups, transferred between users, groups and departments during the investigation. You can receive alerts from external systems and immediately notify the customer of a suspicious transaction.

The platform is easy to adapt to the needs of the company in the field of combating financial fraud, and the project at Otkritie Bank is a great example of this, "said Pavel Likhnitsky.