The bank, which has not been named, is already an Actimize customer but is hoping to increase its protection against fraud across additional business units and transaction types.
The solution will now be used to monitor millions of financial transactions every day.
“We are proud to offer our clients a proven solution that can help to reduce fraud losses and meet ever-changing regulatory requirements,” said David Sosna, Actimize’s chief executive.
“Our products offer a clear return on investment and are considered by many institutions as mandatory applications and not an optional piece of technology.”
The Actimize software aims to offer better protection by using multiple anti-fraud solutions on a single platform, including protection for electronic payments, ATM transactions, remote banking and employee fraud.
“The solution was chosen for its proven ability to reduce fraud losses by orders of magnitude, increase investigators’ productivity and protect the institution’s reputation,” an Actimize statement said.
“This client sees clear value in taking proactive steps to further protect bank assets from both internal and external threats.”