Quatrro Risk, a leading provider of Risk Management Services for Banks & Financial Services institutions, successfully launched its "24X7 Check Fraud Risk Early Warning Center". With this launch, Quatrro Risk now offers the 'trifecta' of pro-active fraud management, viz Credit Card Fraud, Debit Card Fraud and Check Fraud for Retail Banks. Quatrro's unique business model of combining Risk Subject Matter Expertise, Risk Analytics and Risk Operations is helping Banks combat fraud effectively while favorably impacting the bottom line i.e., reducing the cost of fraud prevention in this deteriorating economic climate.
Singapore, Singapore (AllPayNews.com) November 24, 2008 -- Quatrro Risk Management Services has announced the successful launch of its "24X7X365, Check Fraud Risk Management" Operations Services for Retail Banks.
Commenting on the launch, Vaman Sriraman, Chief Executive Officer of Quatrro Risk Management Services, stated, "Quatrro's Early Warning Center acts as an extended arm of the Bank's Fraud Operations unit, providing 24X7X365 extended coverage including weekends and holidays. Quatrro's differentiating value proposition of high-level subject matter expertise in Retail Banking Risk Management and Analytics, combined with a state-of-the art, 24X7, low-cost delivery model offers exceptional business benefits to Banks and Financial Services industry on the whole."
At Quatrro's Fraud Early Warning center, advisors specially trained in Retail Banking Fraud detection, pro-actively identify fraudulent trends and attacks, thereby reducing potential fraud opportunities to a significant extent. This expert analysis combined with the industry insights provided by Quatrro's leading Fraud Subject Matter Experts with Global and Regional experience delivers strategic benefits to its clients.
Quatrro's ability to provide an "end-to-end" solution -- from Risk Advisory, Risk Operations, Risk Analytics to Expert Systems is a large differentiator for clients looking to make significant improvements to their Fraud Risk Management framework in both Operations and Strategy areas.
Quatrro is currently delivering Credit Card Fraud and Debit Card Fraud Early Warning services for leading Financial Institutions with great success. Its efforts have translated into a substantial reduction in fraud management cost and an improvement in bottomline. While on the revenue side, Quatrro's differentiated approval strategies have led to a significant improvement in the transaction approval rates and increased sales while maintaining fraud at acceptable levels.
Quatrro is currently delivering similar services for Top Retail Banks to strengthen their Debit Fraud Prevention efforts. Almost immediately after commencement of services, Banks have experienced reduced account blocking rates and as a consequence, improved customer experience.
With the worsening economic climate, Banks and Financial Institutions are seeking innovative ways to manage their risk while reducing the cost of fraud risk management. Quatrro Risk Management helps Banks achieve their objectives by utilizing its value-focused delivery model. Quatrro is in the midst of many pilots with Top Banks across the world for provision of Fraud Early Warning Services for Credit Card, Debit Card, Checking and Fund Transfer products.
Quatrro also offers Credit Early Warning Services and Anti-Money Laundering Operations Services for Retail Banks and Consumer Finance companies.
Links:
[1] http://www.quatrrorisk.com