Enterprise Fraud Management with ACI Proactive Risk Manager on IBM System z

Redguide

Note: This is publication is now archived. For reference only.

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Published on 16 September 2009

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IBM Form #: REDP-4545-00


Authors: Alex Louwe Kooijmans, Rob Haake, Jim Goethals, Ethel Richardson and Dino Quintero

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    Abstract

    The financial impact of fraud is increasing for banks worldwide. Fraudulent attacks and data breaches are costly, not only in terms of reputation and loss of revenue, but also in the administrative costs of restoring the customer’s accounts and reporting exposures to regulatory agencies. Banks are also required to keep an increasing amount of capital reserve for fraud losses. All of these issues are placing a greater internal focus on enterprise risk management.

    Fraud is becoming a growing concern for financial institutions and an adequate enterprise-wide solution is required to deal with this issue effectively. Fraud detection needs to be near real-time and complex analysis across multiple channels needs to be done on a continuous base. This IBM® Redguide positions ACI Proactive Risk Manager (PRM) solution to address this issue and reduce enterprise fraud across all payment channels, and achieve operational cost reductions by implementing the solution on the IBM System z® platform.

    Table of Contents

    Chapter 1. The importance of enterprise fraud management

    Chapter 2. How ACI Proactive Risk Manager addresses financial crime trends

    Chapter 3. The PRM on IBM System z enterprise fraud solution value proposition

    Chapter 4. Experience the solution now