Pitney Bowes and RCG Global Services Team Up to Deliver Fraud Detection Services

Pitney Bowes and RCG Global Services Team Up to Deliver Fraud Detection Services
31.10.2016 12:30 pm

Pitney Bowes and RCG Global Services Team Up to Deliver Fraud Detection Services


Pitney Bowes, a global technology company that provides innovative products and solutions to power commerce, announced a new alliance with RCG Global Services®, a global provider of data and analytics and business applications. The two companies will combine their strengths in data and technology to offer financial crimes and compliance solutions for financial institutions.

With fraud often as a precursor to money-laundering activities, it is imperative that banks have trustworthy and accurate information on their customers. As a result of many on-premise legacy systems and new cloud bases services being used across the financial services industry today, customer data in banking institutions is often housed in disparate databases that cannot communicate with each other or synthesize customer information. Without clear and concise accurate customer data, financial institutions increase their exposure to fraud, non-compliance fees and costly security fines.

By combining the capabilities of the RCG enable™ solution with Pitney Bowes Spectrum® technology, financial institutions now have the ability to access all relevant and current information about a customer across their organizations. Having a single customer view facilitates investigative efficiency, improved regulatory compliance and financial crimes prevention.

Vincent Raineri, Senior Vice President of RCG Global Services stated, “Our architects appreciate the benefits of working with Pitney Bowes tools that are certified with major Hadoop distributions. Our customers appreciate the benefits of lower costs and higher productivity in their fight against financial fraud.” He added, “Our combined solution enables banks to drive down the costs of regulatory compliance while simultaneously increasing their capacity to manage their financial crimes obligations through a simple find, link and visualize approach.”

“We are committed to bringing the most innovative solutions to market with our partners,” said Mark Taylor, Senior Vice President, Software Channels, Pitney Bowes. “RCG’s approach to coupling our technology with their services, analytical capabilities, and business applications is a unique solution which enables financial services clients to manage their customer base and business risk more effectively. Our team welcomes the opportunity to go to market with RCG Global Services.”

Related News

Trezeo launches new products to expand its safety net for independent workers

Trezeo today announced a major extension to its existing offering, that enables independent workers to access a wider range of urgently needed product ‘bundles’. Trezeo’s... Read more »

Erste Bank Hungary Improves and Secures the Remote Banking Experience with OneSpan Mobile Security

OneSpan™ (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that Erste Bank Hungary, a subsidiary of Erste Group Bank AG, one of the... Read more »

Semafone bolsters security with new PCI DSS certification for Cardprotect Relay+

Semafone®, the leading provider of data security and compliance solutions for call and contact centres, has achieved global... Read more »

Emirates NBD COVID-19 Coronavirus Precautionary Measures

Given the developing situation around the Coronavirus – COVID-19 outbreak, the safety and wellbeing of our customers, our employees and the community, remains our top priority... Read more »

Fraudsters Taking Advantage of Coronavirus With New Scam Emails, Warns Tax Partner at Haines Watts

EMAILS are starting to surface, targeting individuals with an email that looks like it is from Gov.uk, says Martin Gurney, a tax partner at Haines Watts.


He... Read more »

EMVCo Supports Security Evaluation for IoT Products

Global technical body EMVCo has confirmed its security evaluation methodologies and processes support IoT payment use cases, enabling emerging solutions and devices to be... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel