London, United Kingdom, December 06, 2012 --(PR.com
)-- Fractals will be deployed as an enterprise risk management system to identify fraud risk, mitigate and prevent loss to GlobalCollect in its business as a global B2B e-commerce payment services provider. GlobalCollect will use Fractals to combat Enterprise Risk and monitor merchant credit risk.
One of GlobalCollect’s key requirements was for an “on-premises” solution – data within GlobalCollect’s internal systems is a critical factor in assessing transaction risk, a SaaS-based approach relying solely on external data was not workable for GlobalCollect. A true real time system was essential, enabling GlobalCollect to intercept fraudulent and risky transactions in flight, thus minimising fraud losses. And with a short delivery timescale, it was critical that the required functionality be provided within a readily available packaged solution.
According to Mike Alford, Alaric’s CEO, “GlobalCollect had a demanding set of requirements – a high performance, “on-premises” enterprise risk solution, to be delivered real time-enabled within a tight 90 day timescale. Alaric’s Fractals Fraud Integration Hub solution met virtually all GlobalCollect’s requirements out-of-the-box, enabling us to meet their demanding delivery schedule with a tried and tested solution.”
Stephen Buechner, CRO of GlobalCollect added, “We thoroughly evaluated all the leading fraud solutions and discovered that Alaric was unique in offering an “on-premises” fraud hub combined with having a high level of CNP fraud domain expertise plus a highly effective approach to project management and delivery. Proprietary data analytics is a key aspect of our competitive edge so it was critical for us to have a solution in which all fraud and risk data could be retained on-premises rather than shared with an external service provider. Another major advantage of working with Alaric is that they could deliver such a complex system, integrated for true real time operation, within a short 90 day delivery window. This was truly remarkable.”