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| Fraud Detection Software helps Financial Institutions Abroad with Security, Fraud Management. |
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| Rancocas, N.J.-based SQN Banking Systems, a provider of integrated fraud detection and process improvement products for the financial industry, has partnered with Bangalore, India-based ELOGIC Technologies, to assist Indian financial institutions with fraud detection. ELOGIC Technologies is a leading provider of information technology, IT enabled services and electronic document management systems (EDMS) for the Indian banking industry. The partnership between ELOGIC and SQN will provide an integrated software management system to help increase security measures and reduce fraud. |
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| “SQN Banking Systems is a premier partner for ELOGIC in delivering some of the best fraud management solutions and services to the banking industry,” said TD Prakash, managing director of ELOGIC Technologies. “Our strategic alliance with SQN to deliver global support on a 24/7 basis is a great value addition for our mutual customers across the world.” |
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| SQN’s fraud detection products and services will complement ELOGIC’s E-Security division, which offers greater security in the area of Mobile Public Key Infrastructure (PKI). Mobile PKI is a key technology that enables account holders to conduct banking transactions through their mobile phones safely and securely. |
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| “Fraud is an industry problem worldwide,” said Stan Jaslar, chief technology officer at SQN. “ELOGIC and SQN have combined resources to assist financial institutions in their efforts to quickly detect and prevent bank fraud. This partnership also allows SQN to increase its presence in the international banking sector and position the company for future endeavors in that area.” |
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| SQN Banking Systems is one of the leading providers of image-survivable check security solutions, software and products. ELOGIC Technologies partners with leading companies around the world to provide E-Security services, productivity enhancement solutions, workflow engineering and IT infrastructure services for the banking community. |
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