Banorte is currently testing the Unisys Active Risk Monitoring System (ARMS) at a concept branch, mining transactions for suspicious patterns and sending immediate alerts to risk managers.
Unisys helps us improve collaboration among our security monitoring systems. That capability will enable Banorte to better protect our customers by more swiftly detecting and deterring the threat of fraud, said Carlos Avila, operations executive director of Banorte.
Unisys’s ARMS solution is working with Actimize, a provider of real-time analytics technology to detect and track collusion among a group of individuals, relate multiple events into potential criminal scenarios, and conduct comprehensive situational analysis in real time.
Combining Unisys deep expertise in financial services and security solutions with Actimize’s breakthrough real-time technology gives banks like Banorte a powerful weapon against increasingly sophisticated cyber criminals, claims David Sosna, chief executive officer of Actimize.
A March 2006 study on identity protection and security issues revealed that Latin Americans are particularly concerned about sharing sensitive data, especially information about family relatives such as mother’s maiden name. A separate Unisys study in September 2005 found that nearly 80 percent of Mexicans worry a lot about the fraudulent use of their bank accounts or credit cards.
