Company Recognized for Innovation that Streamlines Investigations in Today’s Banking Environments
MELVILLE, N.Y., July 9, 2018 – Verint® Systems Inc. (Nasdaq: VRNT), The Customer Engagement Company™, today announced that its Evidence Center™ solution has been selected as a 2018 “Money-Saving Product” by BUILDINGS Magazine. The publication’s editorial team awarded the technology based on its ability to help security leaders and fraud investigators simplify, modernize and automate the investigations process, save money and improve returns on investment.
Verint Evidence Center, part of the Verint EdgeVMS™ software portfolio, enables banks and credit unions to automate their intelligence gathering abilities, simplify investigations, and combat and resolve bank fraud in a modern, cost-efficient manner. One customer alone reported the solution has reduced fraud investigation time up to 85 percent. With Verint Evidence Center, financial institutions can reduce risk and improve their operational efficiency for fraud investigation.
The Verint solution also simplifies the collection of transaction data by associating video with specific transactions automatically, allowing investigators to identify transactions through specific search criteria, including location, ATM or teller position, transaction ID and transaction amount.
“This honor further reinforces Verint’s commitment to helping financial institutions address today’s complex business challenges,” says Verint’s Matt Tengwall, vice president and general manager, banking and retail solutions. “Part of our core mission is to deliver solutions that quickly identify the most valuable pieces of information to empower banks to make more informed decisions to reduce loss and enhance the customer experience.”
To learn more about Verint’s advanced solutions for branch surveillance and investigation solutions, click here.
About Verint Systems Inc.
Verint® (Nasdaq: VRNT) is a global leader in Actionable Intelligence® solutions with a focus on customer engagement optimization, security intelligence, and fraud, risk and compliance. Today, over 10,000 organizations in more than 180 countries—including over 85 percent of the Fortune 100—count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we’re creating A Smarter World with Actionable Intelligence® at www.verint.com.
1 Accenture Consulting, “Compliance: Dare to be Different, 2017 Compliance Risk Study”
This press release contains “forward-looking statements,” including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management’s expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2018, our Quarterly Report on Form 10-Q for the quarter ended July 31, 2018, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.
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