PRESS RELEASES
| Sovcombank and Netris Increase Security Level |
| Tuesday, 19 January 2010 15:25 | |
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Fraud Management, Netris development for Sovcombank, will allow to counter defrauders effectively. Netris, a leader in software development and integration, and Sovcombank, one of the most fast-growing Russian banks, have announced today the successful implementation of Fraud Management - an IPSoft DebtCollection option module, providing fraud detection at early stages of credit files processing. Using wide Fraud Management tools set, the bank can define defrauders, estimate bank risks and send suspicious credit files to the security service. As soon as Sovcombank got to the consumer credit market it was decided to invest in high technologies preventing frauds. Fraud Management takes into account peculiarities of bank business-processes structure, can detect different types of fraud and can be adjusted according to the obtained results. The system collects and analyses incoming data, detects regularities in dishonest customers' occurrences, controls the process of fraud investigations, allows to make decisions on fraud preventing measures. "Fraud Management will provide control of the loan granting process by a customer, a freight outlet, a region or a service channel," says Tatyana Evstigneeva, the head of Sovcombank retail risks department. "The business-requirements to the system for fraud prevention were developed according to our goals. The system meets all international requirements and Netris, our good partner, executed the development and implementation. I'm sure that positive results of the product implementation will be not long in coming." "We are glad that cooperation with Sovcombank continued in such a popular direction of bank crediting market", says Evgeniy Timoshenko, Netris CFO. "Annually banks bear multimillion losses that can be prevented by such a system as Fraud Management, implemented in Sovcombank." At present moment IPSoft DebtCollection, an overdue debts collection system, is successfully operating in Sovcombank. The product was implemented by Netris in 2008. About Sovcombank JSC ICB Sovcombank (www.sovcombank.ru), founded in 1990, operates under general banking license 963 issued by the Central Bank of the Russian Federation. Its long-term obligation rating is B3 (Moody`s Investor Service). The basic bank direction is retail business development. Sovcombank provides population with different types of deposits and loan products on beneficial terms. Sovcombank finance group includes more than 150 offices and provides services in more than 26 subjects of Russian Federation. In October, 2009 the bank assets were 30.2 billion rubles; equity funds - 3 billion rubles; retail loan portfolio - 11.3 billion rubles. About Netris Netris (www.netris.ru) is a leader in software development and system integration for service providers and banking sector. The company's products and solutions are released under IPSoft trademark. On the Russian market this trademark has been known for more than a decade. IPSoft DebtCollection is a software system for automating the procedure of overdue payments collection. IPSoft DebtCollection was developed in cooperation with different banks and credit organizations, that allowed Netris professionals to collect and accumulate unique experience and knowledge in the field of building business processes for distressed asset management. The basic Netris customers are telecommunication companies and banking institutions that try to improve their efficiency by using high technologies. Among them Russian Standard Bank, Severnaya Kazna Bank (Alfa-bank), Sovcombank, as well as JSC Kazakhtelecom, JSC Komstar-OTS, holding company Metalloinvest, JSC Central Telegraph, LLC Comstar-Ukraine, JSC Ukrtelecom, CJSC Rosmedia and other Russian and CIS service providers.
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