Detica and Zurich Sign Global Agreement for the Utilization of Detica NetReveal® Life and Pensions Solution

NEW YORK--(BUSINESS WIRE)-- Detica announced today that it has signed a global agreement with Zurich Insurance Company Ltd to utilize the Detica NetReveal^® life and pensions solution.

The Detica NetReveal^® solution chosen by Zurich Insurance Company Ltd global life and pensions business is an enterprise financial risk management solution which, in addition to an extensive range of powerful traditional analytics, uncovers networks of behavior, finding the hidden relationships between people and data which cannot be found using conventional detection systems. This solution provides a single view of customers, partners and suppliers, scoring individuals and behaviors across an organization’s entire portfolio of products and brands. In doing so, it uncovers behavioral connections, verifies compliance requirements, and provides effective prioritized risk management.

Markus E. Schulz, Zurich Insurance Company Ltd Chief Compliance Officer Global Life and Banking, Group Financial Crime Officer comments; “The ever increasing complexity in combination with transaction volume growth requires the support of automated solutions. It was a logical step to further enhance our platform in our continuous evolution of the Financial Crime controls framework, and so we opted for a market-leading system to support us in this.”

George Robbins, Detica NetReveal^®Global Account Director, comments, “Regulated financial institutions face a constant challenge in keeping pace with both regulatory requirements and the ever-innovative criminal fraternity. Zurich Insurance Company Ltd have shown their commitment to implementing market leading business practices across their global business, and we are delighted Detica and Detica NetReveal^® can be part of that process.”

Notes to editors

About Detica NetReveal^®

Detica NetReveal^® is a revolution in fraud detection. By uncovering the hidden relationships between people and data, Detica NetReveal^® ensures effective compliance checking, money laundering and sanction abuse detection as well as both simple opportunistic and large-scale organised fraud currently hidden within an organisation’s systems. In addition, by running high-speed checks at the point of application, Detica NetReveal^® can help companies to stop financial criminals before they become customers^.For further information, please visit www.deticanetreveal.com

About Detica

Detica specialises in collecting, managing and exploiting information to reveal actionable intelligence. We use this capability to help government and commercial clients reveal intelligence, maintain security and strengthen resilience in today's complex operating environment. We also use our skills to assist clients with other information-intensive problems such as achieving regulatory compliance and understanding customer behaviour.

Detica is a BAE Systems company. www.detica.com.

Detica and Detica Limited product names are registered trademarks or trademarks of Detica Limited in the UK and in other countries. Other brand and product names are registered trademarks or trademarks of their respective companies. Detica Limited is registered in England under number 1337451 and has its registered office at Surrey Research Park, Guildford, England, GU2 7YP.