Under the expanded agreement, Actimize will implement its Actimize Employee Fraud application into FIS’ core processing systems. The new functionality is set to enable financial institutions to integrate enterprise financial crime services to create a single financial crime integration hub, including with other third-party fraud management applications. Once integrated, institutions can apply advanced analytics and business-rule processing to leverage internal resources and control costs as well as reduce losses and risk exposure.
Recently, FIS has inked a three-year contract with ING Direct France, a subsidiary of the ING Group, to provide the latter with extended outsourced application management services for the FIS Profile core banking suite.
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