ACI Worldwide has elevated the fight against fraud by extending its ACI Proactive Risk Manager and ACI Model Generator to a private or public cloud environment.
It comes at a pivotal time as the fraud landscape changes, with it accelerating during the current Covid-19 pandemic, increasing pressure on financial institutions to adapt quickly, maximise operational efficiencies and mitigate increased risks.
In order to boost the fight against this landscape, ACI Proactive Risk Manager will deliver enterprise fraud management capabilities, including advanced machine learning, predictive analytics and expertly defined rules, to help banks and intermediaries identify and mitigate financial fraud and help reduce the compliance burden in all forms.
These include the likes of immediate payments, internet and mobile banking, on-boarding threats, merchant acquiring and even internal fraud—within a single comprehensive solution.
Cleber Martins, global product line manager, Payments Risk Management, ACI Worldwide commented: “We are proud to be among the first technology providers to make such a comprehensive cloud deployment offering available globally. Delivering a complete fraud solution as a ‘SaaS’ model offers a number of advantages to financial institutions—it speeds up time to value, can be scaled up depending on transaction volumes and above all, it is secure.
“Given the state of the global economy and the speed at which fraud attacks are increasing, these are crucial features to maximize fraud monitoring and prevention.”
The new ‘Software as a Service’ offering is available on ACI’s private cloud or a public cloud environment through its global strategic collaboration with Microsoft Azure and the Microsoft Partner Network.
Companies successfully deploying the ACI solution in the public cloud recently include Conductor, a leading Brazilian-based processor, and Banco Safra, the world’s largest privately-owned bank.
Ciaran Chu, head of Public Cloud, ACI Worldwide added: “ACI is leveraging its global professional services reach to serve customers in their native language and culture. Combined with Azure’s footprint, this creates a unique value proposition at an extremely competitive total cost of ownership.
“This brings a globally recognized fraud solution and all its strengths to institutions that were previously constrained to consume only from smaller and local vendors.”
