Swiss bank selects NetGuardians software for operational risk mitigation

Like many Swiss financial institutions, they face the challenge of growing needs for internal control and real-time continuous auditing to promote compliance with new FINMA regulatory requirements for operational risk regarding processing of electronic data relating to customers. NG|Screener software uses intelligent behavioral analysis to continuously monitor business lines, spotting patterns of potential threat, providing real-time analysis and alerts, and making audit reports available anytime.

"Our new client recognizes NG|Screener's flexibility to smoothly adapt to any banking platform," says NetGuardians COO Raffael Maio. "This is perfectly in keeping with our plans to expand our offer to include ready-to-integrate packaged versions of NG|Screener for all major banking platforms, like Avaloq. Along with its proven functional strengths, I believe it is this flexibility that sets NG|Screener apart and will enable us to position ourselves as the leader in operational risk mitigation software solutions."

Headquartered in Switzerland, NetGuardians provides strategic solutions to financial institutions globally and has a steadily growing clientele in Europe, Middle East and Africa.