Huron becomes a U.S.-based implementation partner and reseller of the INFORM product, RiskShield, a multichannel risk assessment, fraud detection and AML compliance monitoring solution.
INFORM GmbH today announced Huron, a global consultancy, has become a U.S.-based implementation partner and reseller of its RiskShield product. Huron is a trusted adviser to the financial services industry, with deep expertise developing and implementing digital, technology and analytics strategies. With its Hybrid Artificial Intelligence-based solution RiskShield, INFORM has become a leading name within the financial crime prevention arena across Europe, serving hundreds of banks, payment service providers, insurance companies and telecommunication firms.
“Having a real-time, multichannel fraud and financial crime prevention system in place is paramount to better protect clients from reputational risks and financial losses, and allow them to adhere to regulatory requirements,” states Mike Willhelm, managing director at Huron. “INFORM’s Digital Decision Making fits with our industry strategy as we continue to support the financial services sector along every step of their digital transformation. We are pleased to provide our clients the speed and accuracy at which RiskShield can identify, flag and report suspicious activities within the online banking and payment transaction ecosystems.”
Increased money mule activity and an ever-evolving regulatory environment pose growing challenges for financial institutions. The team at Huron will use RiskShield’s integrated, enterprise-wide approach to help clients combat money laundering.
“We are excited about our new relationship with Huron and look forward to having many new certified RiskShield users in the U.S.,” states Roy Prayikulam, Senior Vice President Risk and Fraud at INFORM. “We will soon embark on an intense training journey with a dedicated team at Huron to ensure everyone is well equipped to address the current financial crime challenges using our tool, RiskShield. Combining Huron’s excellence in consulting and extraordinary knowledge within the U.S. financial sector with our powerful real-time fraud and financial crime detection engine is a winning formula,” concludes Prayikulam.