Customer Successes: Actimize

Actimize

"JReport provides a great mix of value and features for our users. Any Web-based business application eventually needs some way to produce statistical, management and detailed reports. For us, JReport was the right fit to meet the need. Because JReport is embedded directly into our offering, end users don't even know they're using another product. Our clients can easily create reports, and importantly, they can use JReports dynamic HTML viewer to slice and dice reports to get more detailed information about their transactions without their having to undergo training to use the product."

- Ido Ophir, VP, Product Management at Actimize


 

Company Overview

Founded in 1999 by experts in data management and business intelligence, Actimize is a leading global provider of enterprise software solutions for Anti-Money Laundering, Enterprise Fraud Prevention, and Regulatory Compliance. Actimize is positioned as a "leader" in Gartner Quadrant for web fraud detection. Actimize solutions are used by eight of the top ten financial services organizations and in total provide surveillance and compliance monitoring for over US$8 trillion in assets. Actimize solutions are currently implemented at leading financial services institutions including banks, brokerages, and insurance firms as well as regulatory bodies and government agencies.

The Challenge

Actimize Case Manager 3.0 is a Web-based application used by financial institutions to manage operational risk related to securities compliance, money laundering and fraud. It provides a dashboard for monitoring data and transactions for anomalous events and workflows for the investigative processes. Actimize Case Manager helps promote effective risk mitigation by enabling efficient assessments of business exposures, collaboration among different analysts and business units, and improved insight into customer behaviors.

In addition, Actimize Case Manager(tm) provides accountability and transparency by ensuring events are resolved in accordance with a financial institution's standard policy or that they are escalated for exception handling. The product fully audits each action for future reference and possible remediation steps.

The JReport Solution

Powered by the Actimize Intelligence Server analytic engine, Actimize solutions identify suspicious activity over time and across multiple transactions, geographies and business entities. It then generates comprehensive, actionable alerts. Actimize Case Manager 3.0 leverages JReport to help compliance officers and business managers understand patterns in organizational, activity-type and distribution trend statistics to enable fine-tuning of the analytic rules for continuous improvement in their detection efficiencies. Once alerts enter the investigation process, Report assists in workload optimization by allowing managers easy access to on-demand statistics of alert aging, investigative findings and user activities to provide necessary oversight.

"Our goal is to provide the most relevant and timely information to case managers to help them detect and prevent fraudulent and non-compliant activities. And it's important we deliver this information in an easy-to-understand format," said Ido Ophir, vice president, product management for Actimize. "Now managers have access to valuable reporting out of the box. Report provides Actimize Case Manager users with statistical information they didn't have before. Now data is viewable in any of twelve preconfigured reports that are generated with the click of a mouse."

Results and Benefits

Actimize began using Report for reporting about a year ago, and Version 3.0 of Actimize Case Manager is the second version of the product that includes Report for embedded reporting. Actimize selected Report for its combination of Java Enterprise Edition (J2EE) architecture, its ease-of-use and its reporting flexibility.

"JReport provides a great mix of value and features for our users. Any Web-based business application eventually needs some way to produce statistical, management and detailed reports. For us, JReport was the right fit to meet the need. Because JReport is embedded directly into our offering, end users don't even know they're using another product. Our clients can easily create reports, and importantly, they can use JReports dynamic HTML viewer to slice and dice reports to get more detailed information about their transactions without their having to undergo training to use the product." continued Ophir from Actimize.

"It's exciting to be allied with a product that plays such a critical role in helping financial institutions increase their insight into real-time customer behavior and improve compliance and risk-mitigation performance," said Fred Richards, vice president of product management for Jinfonet. "Jinfonet specializes in providing easy access to information, and by working with Actimize, we're helping to provide access to timely, relevant information. Actimize provides peace of mind for companies by helping them protect themselves from fraudulent activities. It's rewarding to be a part of this endeavor."

Customer
Actimize, a leading global provider of fraud prevention, anti-money laundering (AML) and regulatory compliance solutions.

Customer URL
www.actimize.com

Integration
Actimize Embeds JReport into Actimize Case Manager 3.0.

Results & Benefits
Actimize Case Manager 3.0 leverages JReport to help compliance officers and business managers understand patterns in organizational, activity and distribution trend statistics to enable fine-tuning of the analytic rules for continuous improvement in their detection efficiencies. Once alerts enter the investigation process, JReport assists in workload optimization by allowing managers easy access to on-demand statistics of alert aging, investigative findings and user activities to provide necessary oversight.