BAE Systems Detica Expands Its Canadian Operation To Serve Canada's Dynamic Finance And Insurance Sector

Online, October 10, 2012 (Newswire.com) - BAE Systems Detica today announced that its Detica NetReveal business division is expanding its Canadian operations to serve its growing customer base. Detica NetReveal now works with three out of the five Tier 1 banks and the eight leading P&C (Property and Casualty) insurers in Canada deploying innovative social network analysis techniques to detect and prevent fraud. The company is moving to larger premises in Toronto to accommodate its growing team of financial anti- fraud specialists. This is in response to the increased demand from customers for its solutions.

Detica NetReveal is a leading provider of risk, fraud and compliance solutions to the global financial services industry. With over 130 clients spanning four continents, including six of the top 10 banking and insurance institutions in the world, Detica NetReveal's Canadian customers can now benefit from flexible, locally based support and expertise in the ongoing fight against fraud.

Toronto is rated amongst the world's top ten financial centres and Canada's finance and insurance sector attracts in excess of $5.4 billion in foreign direct investment. The World Economic Forum has ranked Canada's banking system as one of the soundest in the world .

Joe Friscia, President of the Americas, Detica NetReveal said:

"There are tremendous growth opportunities in Canada, a great pool of talent on the ground in Toronto and we are delighted to be expanding our local team. Our banking and insurance customers are increasingly protecting their clients against organised and opportunistic fraud and ensuring that good customers are not paying for the bad ones. As fraud continues to evolve and the regulators introduce new legislation, we are committed to ensuring our financial services clients stay ahead of the fraudsters and meet compliance requirements."

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Media Contacts:

Natasha Davies, Head of PR and Media, BAE Systems Detica
[email protected]
Telephone +44 (0) 20 7812 4274
Mobile: +44 (0) 7787 297 831
Audra Tiner
Articulate Communications Inc.
[email protected]
212.255.0080, ext.34
About Detica NetReveal

Detica NetReveal is a leading provider of risk, fraud and compliance solutions to a wide range of financial services and government clients across the globe. The NetReveal suite of solutions combines predictive analytics with advanced social network analysis to identify suspicious behaviours more accurately than other solutions.

The power of our approach lies in the combination of specialist industry expertise with proven technology. We provide our clients with intelligence to more accurately assess the risk of the individual by better understanding the risk associated with the networks in which they operate.

With over 130 clients across four continents, including six of the world's current top 10 financial institutions, Detica NetReveal has a proven track record of tackling fraud, improving operational intelligence and reducing financial losses and reputational risk. Detica NetReveal, incorporating Norkom Technologies, is a business division of BAE Systems Detica.

For further information, please visit www.deticanetreveal.com

About BAE Systems Detica

BAE Systems Detica delivers information intelligence solutions to government and commercial customers. We help them collect, exploit and manage data so they can deliver critical business services more effectively and economically. We also develop solutions to strengthen national security and resilience.

We integrate and deliver world-class solutions to our customers' most complex operational problems - often applying our own unique intellectual property. Our services include cyber security, managing risk and compliance, data analytics, systems integration and managed services, strategy and business change and the development of innovative software and hardware technologies.

Detica is part of BAE Systems, a global defence and security company with just under 100,000 employees worldwide. BAE Systems delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services.

BAE SYSTEMS, DETICA, NETREVEAL, Detica NetReveal are registered trade marks of BAE Systems plc.