GBG Awarded Best Solution in Fraud Monitoring & Detection

December 16, 2020 - 02:11
GBG Awarded Best Solution in Fraud Monitoring & Detection

Regulation Asia announced the winners for its 3rd annual Awards for Excellence 2020


SINGAPORE - Media OutReach - 16 December 2020 - GBG (AIM: GBG), the global technologyspecialist in fraud and compliance management, identity verification andlocation data intelligence, has won Best Solution in Fraud Monitoring &Detection in the 3rd RegulationAsia Awards for Excellence 2020 in an online ceremony on 15December, 2020.

Fraud is an ever-present dangerto financial institutions and their customers, and regulators have takennotice. In most jurisdictions, financial institutions are required to meet strictregulatory requirements around technology risk management, outsourcing andcybersecurity, designed to prevent fraud and other types of financial crime.Yet, this is rarely enough in the absence of adequate tools to detect, prevent,and shut out bad actors.

Founded 31 years ago, GBGprovides financial institutions with end-to-end fraud and compliance managementcapabilities, using advanced behavioral analytics, collective data intelligenceintegrating mobile, IP, email, social, cyber and device, machine learning,cognitive decisioning, and workflow automation to identify anomalies and detectfraud. GBG serves more than 20,000 organisations worldwide -- including top-tierbanks in Singapore, Indonesia, China, Thailand, Australia and Malaysia -- helpingthem validate and verify the identities and locations of customers, detectsuspicious behaviour, manage regulatory obligations, and most importantly,prevent fraud before it occurs.

One of its customers inSoutheast Asia include AmBank, the 6th largest bankin Malaysia, who had selected GBGfor its sophisticated fraud and cyber transaction and monitoring solution. Withthe solution, organisations can effectively leverage advanced behavioralanalysis, continuous session monitoring and device fingerprinting to detectfraud at the point of origin inreal time, with automated alert and action to stop fraudulent payments acrossall channels.

Dev Dhiman, APAC Managing Directorof GBG, commented. "We are thankful to be recognised byRegulation Asia as the industry leader in fraud monitoring and detectionsolutions. We operate in a space where consumers' and organisations'hard-earned savings are constantly at risk to financial crimes, where misstepscan lead to brand and reputational damage, and where new regulations andpolicies transform how financial institutions engage and transact. As a globaltechnology provider of fraud and compliance solutions, we see it as our responsibilityto continuously innovate to stay ahead of bad actors. Today, our fraud engine canreadily assimilate collective intelligence and AI analytics from IP, mobile,device, email, social, location and cyber to enhance fraud detection andprevention in a digital-first world, and this provides our customers with thebenefit of a safer and scalable digital environment in real time. We aregrateful to have our customers trusting GBG to protect their businesses andcustomers, and we will continue to work hard in our next-gen product roadmap."

GBG'ssolution monitors all online web traffic for cyber threats, includingnon-monetary online banking events, and provides financial institutions withthe ability to detect man-in-the-middle attacks, transaction fraud, phishingattacks, compromise of application systems and information, social engineeringattacks, first and third party fraud, bot attacks and emulators, and trojansand malware. 

"GBGhas what could be the most effective product offering in the fraud detectionand monitoring space," remarked one judge on the awards panel. "Theirend-to-end solution is powerful and integrates with key corporate functions toproduce the output required. GBG also has business and support teams stationed inkey client jurisdictions, who are well versed with local regulatoryrequirements. This is likely one of the keys to their continued success."

Formore information about GBG's range of solutions in APAC, click here. To viewGBG recent awards and achievements, visit us here.

About the Regulation Asia Awards for Excellence 2020

The Regulation Asia Awardsfor Excellence recognises financial institutions, technology companies,legal and consulting firms, exchanges and other players that have helped meetthe challenges of the ever-changing and increasingly complex regulatorylandscape in Asia Pacific. Each year, submissions are diligently evaluated and awardwinners selected by a panel of industry experts serving as judges.

For a full list of the awardwinners, visit

About GBG:

GBG offers a range of solutions that helporganisations quickly validate and verify the identity and location of theircustomers.

Our market-leading technology, data and expertisehelp our customers improve digital access, deliver a seamless experience andestablish trust so that they can transact quickly, safely and securely withtheir customers online.

Headquartered in the UK and with over 1,000 teammembers across 16 countries, we work with 20,000 customers in over 70countries. Some of the world's best-known businesses rely on GBG to providedigital services and keep the economy moving, from US e-commerce giants toAsia's biggest banks and European household brands.

Tofind out more about how we help our clients establish trust with their customers,visit, follow uson Twitter @gbgplc or