Union Bank look­ing for ERM so­lu­tion

Banking Frontiers - - Project Pipeline -

Union Bank of In­dia in­tends to de­velop real-time/near real-time ca­pa­bil­i­ties for fraud de­tec­tion and pre­ven­tion and is im­ple­ment­ing an en­ter­prise fraud risk man­age­ment so­lu­tion for CBS and all de­liv­ery chan­nels. The bank has iden­ti­fied fraud pre­ven­tion, early fraud de­tec­tion, anti-fraud strat­egy, pe­ri­odic as­sess­ment of fraud risk, fraud risk train­ing and aware­ness, fraud alerts, in­ter­nal fraud risk man­age­ment and foren­sic sup­port as the key el­e­ments of the pro­posed sys­tem. The bank is look­ing for a ser­vice provider who will have re­spon­si­bil­ity for the de­sign, con­fig­u­ra­tion, cus­tomiza­tion, in­te­gra­tion, test­ing, doc­u­men­ta­tion and train­ing while im­ple­ment­ing the sys­tem.

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