Syntel, a provider of IT services and knowledge process outsourcing firm, has signed a partnership agreement with Global Analytics to provide bankcard fraud detection services for its customers worldwide.
As a Global Analytics’s global preferred partner, Syntel will work with Global Analytics to customize and implement fraud detection and prevention services for existing and prospective clients.
Global Analytics’s Fraud Antibodies system provides online and offline fraud detection with analytical models that detect fraudulent transactions in large databases and high-volume transaction streams, enabling bankcard issuers to identify and mitigate fraudulent transactions in real-time, said Syntel.
Global Analytics’s Merchant Acquirer Risk Management System is another predictive system that uses artificial intelligence models trained with historical data to recognize risk by identifying complex behavior patterns that have preceded prior losses.
Keshav Murugesh, president and CEO of Syntel, said: As new threats and new types of fraud evolve every day across the globe, fraud detection has become very challenging. Businesses of all sizes are looking for cost-effective, robust and easily deployable fraud detection solutions. Our partnership with Global Analytics strengthens our solution offering in this space and will provide significant advantages to our customers.
