\n<\/p>\n
\n Research and advisory firm, Chartis, classifies GBG as a Category Leader with strong market potential and completeness of offering for enterprise fraud solutions among a broad array of global enterprise fraud solutions providers <\/p>\n
SINGAPORE \u00a0<\/p>\n The Chartis report, “Financial Crime Risk Management Systems: \u00a0<\/p>\n Throughout the last year, the COVID-19 pandemic has driven a surge \u00a0<\/p>\n With fraud remaining a key challenge for FIs across Asia Pacific, GBG’s \u00a0<\/p>\n As a Category Leader for enterprise fraud, GBG was recognised for \u00a0<\/p>\n Together with the enterprise fraud category leader recognition, GBG Dev Dhiman, APAC Managing Director of GBG<\/b>, commented, “The Chartis report clearly reflects the dichotomy that \u00a0<\/p>\n Sidhartha Dash, Research Director at Chartis Research<\/b>, said, “GBG’s focus on Asian datasets from a financial crime risk \u00a0<\/p>\n Dhiman<\/b> continues, “Today, For more information about GBG’s enterprise financial crime
\n–\u00a0Media
\nOutReach<\/a>\u00a0– 15 April 2021 –\u00a0GBG<\/a>\u00a0(AIM:GBG), the
\nglobal technology specialist in fraud and compliance management, identity
\nverification and location data intelligence, has been recognised by Chartis as
\na Category Leader in their latest RiskTech Quadrant\u00ae for enterprise fraud solutions, 2021. <\/p>\n
\nEnterprise Fraud”, provides a market update and vendor landscape analysis for
\n2021. It highlights specific factors and attitudes unique to each region in
\ndigital and cash transactions that are impacting financial institutions (FIs),
\nand that need to be taken into consideration when making enterprise fraud
\ninvestments. For instance, e-payments in emerging markets, such as India and
\nChina have increased significantly by as much as 700% since 2012, while
\nMalaysia and Indonesia continue to be heavily dependent on cash payments. <\/p>\n
\nin identity crimes on mobile channels, synthetic identity fraud, and bot
\nattacks, and catapulted financial inclusion initiatives, propelling FIs to
\nextend financial services to ‘unbanked’ populations. As the world’s fastest
\ngrowing non-cash transaction market, coupled with the growing need to access
\nnew-to-bank consumers, Asia Pacific has experienced spikes in criminal and
\nfraudulent behaviour in the last year. This shift in the fraud landscape calls
\nfor stronger readiness among FIs in local data intelligence, analytics
\ncapabilities and having KYC and authentication integrated as a single customer
\njourney. <\/p>\n
\nsolutions were rated as having ‘Advanced Capabilities’ in ‘Advanced\/proprietary
\nfraud-detection techniques’ and ‘Case management and workflow’.<\/p>\n
\ncombining depth and breadth of functionality, technology and content with the
\nrequired organisational characteristics to capture significant market share, and
\nfor demonstrating a clear strategy for sustainable and profitable growth,
\nmatched with best-in-class solutions. <\/p>\n
\nhas now been classified by Chartis as a category leader across three of the RiskTech Quadrant<\/b>\u00ae <\/b>reports for financial crime risk management system:
\nFIs face today in managing a rise in more complex and varied fraud typologies,
\nhigher false positives, and their reduced ability to perform manual
\ninvestigations with remote working. Financial crimes have their regional
\nspecificity and uniqueness, which means that financial service providers across
\nAsia Pacific require enterprise fraud and compliance solutions with the most
\neffective automation, enhanced modelling, and data processing and management
\ncapabilities, tailored to their market.”<\/p>\n
\nmanagement perspective is relatively unique and is one of the factors driving
\ntheir strong positioning. GBG has combined a solid and broad technology
\nframework with a focus on emerging Asia, leading to a position in the
\nleadership pack.”<\/p>\n
\nGBG is serving established banks and fintechs in APAC, including nine out of
\nten top tier banks in Malaysia, such as AmBank<\/a>, four out of the seven BUKU 4 banks in Indonesia,
\nglobal banks such as Citibank and HSBC, regional banks such as DBS, and new Buy
\nNow Pay Later (BNPL) operators such as the hummgroup in Australia. We are proud to be recognised as a Category Leader in enterprise fraud
\nmanagement by Chartis, which attests to the innovation, performance and fit of
\nour solutions to a highly complex and diverse market in APAC.”<\/p>\n
\nsolutions, click
\nhere<\/a>. To review GBG recent awards and achievements, click here<\/a>.<\/p>\n