Fortent Launches Tool for Managing Investigations

Advanced case management of money laundering and other crimes

Dark Reading Staff, Dark Reading

February 4, 2008

1 Min Read

NEW YORK -- Giving financial institutions a new weapon in investigating money laundering, theft, and fraud, Fortent has launched an advanced case management tool to support its financial crime software suite.

Coping with high volatility in credit portfolios and earnings, financial service firms are embracing new solutions to help them manage risk throughout their operations. Investigations of suspected criminal activity within a financial institution can often be cumbersome and inconsistent, exposing the institution to additional monetary loss as well as regulatory risk.

Expanding on Fortent’s existing case management capabilities, Fortent’s new independent Case Management system allows banks, securities firms, and insurance companies to standardize and streamline the investigation process. The system is designed with a built-in “business logic,” or set of industry best-practice rules specific to each case type – from suspected fraud and employee theft to money laundering and Know Your Customer cases originating from alerts triggered by monitoring systems.

“The business logic that is built into Fortent Case Management means that analysts can use the system efficiently from Day One,” said Edward Wolfe, Senior Product Manager at Fortent. “Instead of users having to re-invent the wheel every time a case is opened, the system contains templates for each type of case that identify and integrate the data elements and evidence required to investigate each case – all in a standardized framework. This saves time and money by eliminating expensive configuration costs and allowing investigators to spend their time analyzing data, not compiling it.”


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Dark Reading Staff

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