News

BAE Systems, Mphasis to provide money laundering detection to FIs

Thursday 1 November 2018 10:00 CET | News

Mphasis, an IT services and solutions provider, has partnered with BAE Systems to provide fraud and money laundering detection capabilities to financial services industry.

The partnership will see the formation of a Centre of Excellence, a virtual team created to deliver BAE Systems’ anti-money laundering and fraud detection and prevention solution, NetReveal. Mphasis will utilise their global delivery capability to help implement the technology to banking, financial services and insurance organisations.

The Mphasis-BAE Systems Center of Excellence will work to deliver key elements of NetReveal. While BAE Systems will provide AI driven powerful fraud detection platform covering entire depth and breadth of the Financial Crimes for BFSI clients globally, Mphasis would bring its strong services portfolio and experience of technology and systems through its deep domain expertise.

With the increasing cases of financial fraud, this CoE allows clients the benefit of BAE systems financial crime products driven by Artificial Intelligence (AI) and Machine Learning (ML) combined with Mphasis domain-specific service offering.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: BAE Systems, Mphasis, money laundering, fraud detection, machine learning, online security, FIS, banks, partnership
Categories:
Companies:
Countries: World





Industry Events