Web-based Workflow Application for Regulatory Compliance, Fraud Prevention and Anti-Money Laundering Benefits from Sophisticated Reporting


ROCKVILLE, Md. – August 15, 2006 – Jinfonet, the leader in embedded reporting solutions for Java applications, and Actimize, a leading global provider of fraud prevention, anti-money laundering (AML) and compliance solutions, today announced that JReport has been embedded in Actimize Case Manager(tm) 3.0 to provide sophisticated reporting.

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.

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 Report 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.”

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.

“Report 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, Report was the right fit to meet the need. Because Report 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.”

About Actimize
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 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. For more information about Actimize, visit their web site at www.actimize.com.

About Jinfonet Software
Rockville , Maryland based Jinfonet Software is the leading provider of embedded reporting solutions for enterprise applications. Report, the company’s flagship product, is a 100% Java-based reporting solution that includes a report development environment and that can embed seamlessly into any Java application, leverages J2EE standards, and delivers actionable reports via the web. Key features include a rich set of Application Program Interfaces (APIs) for integrating any level of reporting functionality into an application, the ability to access any enterprise data source, built-in security with single sign-on capabilities, and the ability to scale through multiple CPUs or clustered servers to meet growing reporting needs. JReport’s intuitive design and deployment tools make report creation, review, on-the-fly modification and distribution fast and easy. Report is in its 7th release cycle and is employed by millions of end-users at more than 900 companies worldwide. More information on Jinfonet Software and Report is available online at www.jinfonet.com.