Extension of Its Payment Fraud Risk Management Services to the Australian Market
SINGAPORE,/PRNewswire-Asia-AsiaNet/ --
Quatrro Risk, a leading global provider of Risk Management Services for Consumer Banks
& Financial Institutions, announced the extension of its payment fraud risk management
services to the Australian market.
Commenting on the occasion, Vaman Sriraman, Chief Executive Officer of Quatrro Risk
Management Services stated:
"Over the past few quarters or so, we have been noticing an upward trend in the payment
fraud statistics in the Australian market and globally. Our analysis of the card portfolios of the
Australian Banks, during our engagement with them have clearly pointed to a marked
increase in the fraud numbers. This has also been further validated by the recent figures
released by APCA.
Our special focus on 'Card-Not-Present' (CNP) fraud management, the segment that is
currently contributing significantly to the frauds in the Australian market, will help Banks
reduce their fraud losses substantially. With a combination of CNP Fraud Management
Product, Policy Frameworks, Operations Services and Analytics, we are in a position to
provide 'end-to-end' coverage and solution to address the CNP fraud problems of Australian
Banks."
With the worsening economic climate, Banks and Financial Institutions are seeking
innovative ways to manage their risk while reducing the cost of fraud risk management.
Quatrro Risk has been successfully providing fraud and credit management solutions to
several Banks around the world. Our "Early Warning Center" acts as an extended arm of the
Bank's Fraud Operations unit, providing 24X7, extended coverage including weekends and
holidays. Quatrro's unique value proposition of high-level subject-matter expertise in Fraud
Risk Management, combined with a state-of-the art, 24X7, low-cost delivery model delivers
exceptional business benefits to Banks and Financial Services organizations.
Quatrro Risk's fraud management solutions have helped Banks around the world save
hundreds of millions of dollars in losses thereby providing a very high Return on Investment.
Our ability to provide an "end-to-end" solution -- from Risk Advisory, Risk Operations, Risk
Analytics to Expert Systems is a large differentiator for clients looking to make significant
improvements to their Risk Management framework in both Operations and Strategy areas.
Quatrro Risk also offers Credit Early Warning Services and Anti-Money Laundering
Operations Services for Retail Banks and Consumer Finance companies.
Contact:
Narayan Bharadwaj, Singapore
Tel: +65-9189-0109
Email: Narayan.bharadwaj@quatrro.com
SOURCE Quatrro Risk Management Services
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