Bancolombia works with Actimize and Unisys to build fraud management program

Actimize, a Nice Systems company and a provider of a single financial crime, risk and compliance software platform, and Unisys, have announced that Bancolombia is working with both firms to strengthen its ability to fight fraud across the entire bank.

Bancolombia is implementing Actimize ATM/Debit, remote banking, Wire & ACH Fraud prevention solutions. As a strategic Actimize partner, Unisys is working on deployment of the solutions.

According to Nice Systems, once deployed, the Actimize suite of fraud prevention solutions will monitor all types of transactions enterprise-wide, alerting on suspicious behavior and blocking truly risky transactions.

Additionally, Actimize solutions monitor many types of employee behavior, looking for and alerting investigators to suspicious activities.

Joaquin Yepes, IT security and compliance director of Bancolombia, said: "We performed an exhaustive review of all the top fraud prevention solutions in the market, looking for a single vendor who can cover our entire enterprise fraud needs. Actimize solutions and Unisys services are a major component of Bancolombia's strategy to provide greater levels of security to our customers."

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