Launch of Detica NetReveal OnDemand for Financial Services Organisations Across the Globe

Online, April 3, 2012 (Newswire.com) - BAE Systems Detica today announces the launch of Detica NetReveal OnDemand a new fast and flexible 'Software as a Service' offering from BAE Systems Detica which delivers Detica NetReveal® solutions for the prevention, detection and investigation of fraud as a secure web-based managed service and provides cost effective data integration and hosting.

It has been developed in response to strong demand from financial services clients worldwide who are seeking to minimise risk and maximise return by reducing IT complexity and integration costs.

Under this model, client data is hosted in secure data centres across key territories and is subject to the same robust controls that have earned BAE Systems Detica its excellent track record of securely managing government, insurance, banking and telecoms data over many years.

Financial services organisations can take advantage of our industry leading fraud models and benefit from reduced implementation timelines. Deploying the fully configured OnDemand model can mean that the fraud cost savings usually cover the cost of the solution and provide a return on investment within a year without the need for significant up front costs. Detica NetReveal OnDemand currently focuses on solutions for insurance and banking fraud, and additional models will be added during 2012.

Vishal Marria, Director of Financial Services, Detica NetReveal commented:
"In tough economic times, financial institutions are looking for ways to improve their bottom line with reduced capital expenditure. The Detica NetReveal OnDemand solution provides a fully hosted and managed solution that significantly reduces internal IT spend and spreads the cost of fraud detection over several years. The OnDemand model reduces the barrier to entry for smaller organisations or those companies that have IT budget restrictions in place."

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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

Laura Anderson, Articulate Communications Inc.
[email protected]
Telephone +1 212 255.0080, ext. 11

About Detica NetReveal

Detica NetReveal is a leading provider of enterprise risk, fraud and compliance solutions to the global financial services industry and government clients. Its innovative solutions provide a holistic 'single customer view' and then combines entity and social network analytics with deep domain expertise. This approach provides an end-to-end enterprise perspective of financial crime and risk for the detection, prevention and monitoring of risk, fraud and non-compliance in real-time and batch. By knowing your customer, what kind of business they transact and who they know, Detica NetReveal can identify unusual and suspicious behaviours faster and earlier than any other current approaches.
With over 100 clients across four continents, including six of the world's current top 10 financial institutions, Detica NetReveal has established a proven track record of reducing financial losses, protecting users' reputations and improving operational efficiencies. Detica NetReveal is a business division of BAE Systems Detica. In 2011, BAE Systems acquired Norkom Technologies and merged it with Detica NetReveal.

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 help 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 trade marks of BAE Systems plc.