New strategic partnership provides an integrated fraud management approach to banks and insurers
Sydney, Australia - Banks and insurers can now access a seamless fraud detection and investigation system following the announcement of strategic partnership between GBG, a fraud detection business and Polonious, as specialist investigation technology provider.
The partnership means banks and insurers can combine the best available fraud protection tool with the best available fraud investigation tool. This comes after the announcement of last year’s online fraud statistics coming in at $476 million. An integrated approach means businesses can rapidly expedite insurance claims flagged as potentially fraudulent and speed up the process from detection to investigation outcome.
Polonious Investigation Management System was designed by experts in the investigations industry. It is specifically geared towards fraud investigations of all types.
Stuart Guthrie, Co-CEO at Polonious explains: “GBG Instinct is an industry leader in Financial Fraud detection. They bring value to Polonious’ clients added peace of mind, knowing their fraud is being detected as soon as it is presented. The integration between GBG and Polonious is beneficial as it ensures fraud isdetected and investigated using the most efficient process possible.”
Mat Demetriou, ANZ Country Manager at GBG shares: “GBG is proud to promote industry collaboration in fraud and risk management. We know criminals are working together strategically to commit fraud; therefore, it’s critical for organisations to work together to effectively combat their malicious activities. By integrating GBG Instinct directly to Polonious Investigation Management System we enable current and future clients to have access to Fraud Investigations Management that scales to hundreds of users.”
Media enquiries: Lauren James, PR & Social Media Manager, GBG
Through our fundamental belief that the digital economy relies on everyone having access to data they can trust, GBG enables companies and governments to fight fraud and cybercrime, to improve the customer experience and help to protect the more vulnerable people in our society.
Headquartered in the UK and with people in 18 countries, GBG has some of the world's biggest organisations as its customers, from established brands like HSBC, Zurich Insurance, LEGO and Lufthansa, to disruptive newcomers such as Stripe and Plus500.
About Polonious Pty Ltd:
Polonious is a leading provider of Investigation Management Systems to Insurance, Banking, Government and Education sectors. The software enables teams of investigators to maximize productivity, demonstrate value and ensure best practice is followed on all investigations. Founded on investigations expertise in 2006, the company’s client list has grown to include most of the major insurers, banks, universities, schools and government institutes in the Australia, NZ, USA, UK, Canada and other markets.