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Gemalto unveils Ezio Dynamic Fraud Manager

Zafirah Salim | April 27, 2015
This new solution optimises fraud protection for online banking.

Digital security provider, Gemalto, has enhanced its suite of online banking protection solutions with the introduction of a new transaction monitoring software.

Called Ezio Dynamic Fraud Manager, this new solution enables real-time calculation of the actual risk of individual online transactions. This triggers an action based on rules established by the bank, either allowing the transaction to proceed, rejecting it, asking the end user for additional authentication, or requesting action by the alert management teams.

Essentially, this rule system provides banks with a high degree of customisation and increased reactivity to evolving patterns of fraud and improved detection rates.  

In addition, Gemalto also announced that it has signed a reseller agreement with NCR Corporation to offer NCR's Fractals software as part of the Ezio solution. This reinforces Ezio's multi-layered security capabilities to provide the ultimate protection and user experience for banks' customers, according to the company.

"With continuously evolving attacks, fraud managers increasingly want agile solutions to protect bank customers. Our collaboration with NCR reinforces our layered security strategy, allowing banks to further expand their online service portfolio while protecting their customers and their brand," said Håkan Nordfjell, Senior Vice President of e-Banking and e-Commerce at Gemalto.

Ruth Fornell, vice president and general manager of Software and Professional Services, NCR Financial Services added that banks can now better reduce false positives, the number of alerts, and their related operational costs, as well as further enhance the end user experience.

 

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