Makeena Partners With Brighterion to Bring Next-Generation Fraud Management Technology to Global Customers
KUALA LUMPUR, MALAYSIA and TORONTO, ON (ots)
Makeena to Distribute Brighterion's iPrevent and iDetect Solutions to Prevent Fraud and Detect Money Laundering Activity
Makeena Corporation today announced that it has signed an agreement with Brighterion to distribute the company's advanced solutions for the prevention of fraud and money laundering. Under the terms of the agreement, Makeena will use its established channel relationships to sell Brighterion's products in the financial, insurance, health care and telecommunications industries. The agreement currently spans the Asia-Pacific, Latin America, Caribbean and Middle East regions.
Financial loss due to fraud is having a profound impact on the growth of global financial institutions, processors, payment networks, insurance companies, and telecommunications providers. It is estimated that in the U.S. alone, these sectors incur more than $250 billion in fraud-related losses each year. This includes $32 billion in online transaction fraud and $10 billion in credit card fraud (Meridien Research), as well as $179 billion in insurance and health care fraud (National Consumers League).
Brighterion's range of fraud prevention and money laundering detection products gives businesses a distinct advantage by helping to stem financial losses and preserve corporate reputation. iPrevent takes a unique approach to fraud prevention by combining traditional data mining and historical analysis tools with a new generation of Artificial Intelligence technologies and smart agents. By automatically adapting to changing daily patterns in transaction activity, iPrevent enables businesses to deploy highly customized, dynamic fraud recognition systems. These systems help to provide earlier and more accurate detection of suspicious transactions, reduce false positives, and prevent instances of critical first fraud. iDetect applies the same logic to money laundering, enabling businesses to meet legal and regulatory compliance, and ensure the continued strength of their corporate reputations.
"Brighterion's products will provide a tremendous advantage to Makeena clients that are at potential risk of financial loss due to fraud and concerned about the impact of money laundering on their business," said Jorge Noguera, executive vice president of business development for Makeena. "In extending our vision to critical applications that add new value to our comprehensive payment management solutions, we're helping customers protect their core technology investments and take a preventative approach to fighting fraud before it impacts their business."
"With Makeena's reach and pedigree in the payments industry, we're confident that our products will significantly reduce financial losses for a wide range of businesses in the payments industry and beyond," said Akli Adjaoute, CEO of Brighterion. "As the impact of fraud deepens across a wide range of industries, we believe that our strategic distribution agreement with Makeena will help to speed the adoption of Brighterion products on a global basis."
About Makeena Corporation
Makeena Corporation is an innovative payment industry solutions provider and system integrator. Working directly with partners, Makeena's integrated solutions provide end-to-end processing of any type of payment, from any type of device, at any time. Makeena understands payment processing. Our expertise in business requirements, payment services and software products means we are able to provide the right components to deliver proven results for our customers. We deliver software, implementation service, integration service to existing systems, and ongoing solution support to a wide range of global customers. Our solutions are open, embracing a wide range of the best products, solutions, platforms and technology providers. Regardless of the payment solution, Makeena delivers long-term benefits based on the value of our products and services. Makeena is a member of Quadria Group, an integrated group of companies providing turnkey payment software, integration, processing, CRM and fraud management solutions. www.makeena.com.
About Brighterion
Founded in 1999, Brighterion Inc. is a specialist provider of fraud prevention solutions for electronic transactions. The company has developed products incorporating an advanced technology suite representing a real breakaway from traditional anti-fraud solutions. As a result of this technological breakthrough, Brighterion can offer the first dynamic solution for real-time fraud prevention in electronic transaction environments. For more information, please visit: www.brighterion.com.
Contact:
Jorge Noguera
Makeena Corporation
Phone: (603) 2733-0909
E-Mail: jorge.noguera@makeena.com