Israel's Bank Leumi is implementing fraud detection and anti-money laundering technology from New York-based vendor Actimize.
Actimize says Bank Leumi has installed its anti-money laundering technology along with its enterprise fraud prevention suite to detect and prevent ATM fraud, online banking fraud and 'cheque kiting'.
David Govrin, co-founder and general Manager, Actimize Israel, says "Real-time transaction processing, a comprehensive solution suite, and a flexible system that makes it easy to modify detection models were three key features of our solution that made Bank Leumi choose Actimize."
The vendor says its technology will enable the bank to generate alerts of suspicious activities 24 hours a day, seven days a week. The bank willl also be able to add additional applications as needed.