CA to push automated fraud detection

Computer Associates has launched CleverPath for Global Compliance, an anti-money-laundering and fraud package aimed at the...

Computer Associates has launched CleverPath for Global Compliance, an anti-money-laundering and fraud package aimed at the finance, banking and insurance industries.

The package is an integration of several existing products designed to offer a greater degree of automation, including the CleverPath Aion business rules engine and predictive analysis and portal applications, said Tina Wang, a vice president and product manager for CleverPath.

The global compliance application will require customisation to match the specific needs of any given industry.

The software works by automating manual processes required by regulatory agencies and by helping companies handle frequently changing reporting regulations, according to CA. The application can drill into a company's transactions and automatically detect fraud or other illegal activities based on built-in business rules and predictive analysis. Suspected fraud cases are identified and passed on to the appropriate personnel for action -- potentially helping companies avoid paying fines.

The software can also be used for cross-selling and upselling, said CA.

For the service component, CA has partnered with integrator BearingPoint. Customers will have a customisable portal interface that will present relevant data and business-intelligence tools to ensure regulatory compliance at companies that might not have the manpower to do so manually. The application can also be extended to support similar business processes in sales, marketing and customer service.

CleverPath for Global Compliance will run on the Windows, Unix, Linux and z/OS platforms and is available now. Pricing will vary.

 

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