Quatrro Risk Management Services (http://www.quatrrorisk.com ) Announces The Extension Of Its Paymen

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22nd December 2008, 12:08pm - Views: 611





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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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