Financial Crime World

Chile’s Financial Institutions Bolster Fraud Prevention with ACI Worldwide’s Proactive Risk Manager Solution

Combating Financial Fraud in the Digital Age

In response to the surge in financial fraud and crime, Chilean financial institutions are turning to cutting-edge technology to stay one step ahead of cybercriminals. With the Covid-19 pandemic accelerating the fraud landscape globally, local banks and intermediaries are under pressure to adapt quickly, optimize operational efficiencies, and mitigate increased risks.

Proactive Risk Manager: A Game-Changer in Payment Risk Management

One solution that has caught their attention is Proactive Risk Manager (PRM), a payment risk management tool developed by ACI Worldwide in partnership with Kuvasz Solutions. This innovative software offers enterprise fraud management capabilities, including advanced machine learning, predictive analytics, and expert-defined rules to help identify and prevent financial fraud.

Key Features and Benefits of PRM

  • Time-to-Market: Implementation can be achieved within weeks
  • Scalability: The solution can be scaled up or down to handle seasonality
  • Security: Clients benefit from enhanced security compared to on-premises deployment
  • Added Value Services: Customers benefit from more value-added services as ACI applications and capabilities work in tandem with Microsoft capabilities
  • Fulfillment: Compliance requirements, such as PCS/SLAs, can be automated
  • Data Sovereignty: Cloud deployment enables customers to meet data sovereignty requirements

Kuvasz Solutions: A Regional Partner of ACI Worldwide

Kuvasz Solutions, a regional partner of ACI Worldwide, is leveraging its professional services to deliver PRM to clients in their native language and culture. This enables Chilean financial institutions to access globally recognized anti-fraud solutions previously restricted to smaller, local providers.

Scalable and Flexible Solution

PRM is available as a “Software as a Service” (SaaS) model, providing a comprehensive solution for banks and intermediaries to manage immediate payments, mobile and internet banking, onboarding threats, merchant acquisition, and internal fraud. This cloud-based platform can be deployed in either public or private cloud environments, offering flexibility and scalability.

Conclusion

As Chile’s financial institutions look to bolster their fraud prevention strategies, PRM offers a robust solution that can help them stay ahead of cybercriminals and maintain trust with customers. With its advanced features and benefits, PRM is poised to become a game-changer in the fight against financial fraud in the region.