Temenos (SIX: TEMN), the banking software company, today announces that this year’s Innovation Jam winner Belleron is now live on Temenos MarketPlace, its platform for connecting banks and fintech companies.
Belleron, the judges’ choice, provides a solution for enterprise-level, hard to detect cyberattacks from external organizations and financial crime syndicates. The solution, CAPTURE®, uses Machine Learning models to analyze and correlate interactions between transactions, variables, and trends in real time to detect and shut down attacks, keeping banks operational even when they are under pressure.
The solution has now been integrated with Temenos and is live on Temenos MarketPlace. Practically, this means that for any Temenos customer wishing to deploy this solution, the significant challenges around procurement and integration have been greatly simplified, speeding up time to value from years to weeks.
Bas Uildriks, COO at Belleron, commented: "The threat of financial crime grows exponentially and the issue of security is rising up the C-level agenda. But, it is the hardest to detect attacks that normally pose the greatest threat. Our solution, which uses bank meta-data and machine learning to avoid traditional thresholds and biases, is able to identify abnormal-abnormal behavior and can shut down the malicious part of the bank/channels fast, saving the bank’s reputation and millions of dollars. We’re excited to bring this solution to Temenos’ global customer base"
Ben Robinson, Chief Strategy Officer at Temenos and Head of MarketPlace, said: "The aim of the Innovation Jam is to help us to discover the best fintech solutions from around the world. What impressed our judges was the level of sophistication of the Belleron solution in addressing an urgent and mission critical threat to banks. Belleron becomes the latest cutting-edge solution to be made available on Temenos MarketPlace, helping Temenos customers to capitalize on fintech innovation to stay ahead of their peers."