Local News

Covelight Wins Large Financial Institution For New Anti-Fraud Application

Posted September 12, 2006 11:27 a.m. EDT

— Covelight Systems

has already landed "one of the world's largest financial institutions" for its new online anti-fraud application.

Covelight did not identify the customer for its "capture, transform and feed" application. It is designed to detect and respond immediately to online fraud.

Covelight met requirements spelled out by the client in less than six months,

The institution wanted to be able to mitigate risk and loss by detecting fraud in real time and also to analyze web user traffic to increase cross-selling opportunities.