Oracle Financial Services Software today announced the new release of Oracle Mantas for Financial Crime Management. Oracle Mantas fraud release strengthens fraud detection to help financial institutions defend against increasingly sophisticated and globalized financial crimes.
Unlike point solutions that cannot provide cross channel monitoring, Oracle Mantas Fraud delivers an integrated view across accounts, customers and business lines to facilitate earlier detection of fraud schemes and financial crime rings and enhance loss prevention and mitigation efforts.
It intelligently corelates alerts and events from various channels and point fraud solutions to detect behaviours and patterns that evolve over time and indicate the existence of more sophisticated, complex fraud activity.