Andera Inc., a software developer catering to financial institutions looking to attract customers online, launched new software to detect fraud during the account-opening process on June 8.

Account fraud is usually not detected until transactions are made in existing accounts. But FortiFI, Andera’s software program, can scan new customer data across its client base of more than 500 financial institutions to catch suspicious activity while accounts are being created.

Full Story: Andera unveils fraud-detection software Source: Providence Business News, June 15th, 2011 Author: Nicole Friedman Added on June 15th, 2011 at 11:48 am, by Muse en Lystrala