Anti Fraud & Compliance

Securing the information is main topic from Q2 Technologies,  in a banking, the information is something that must be kept on eye with carefully because this data is related with personal private information  such as mother’s maiden name, date of birth, account number, etc.  Q2 Technologies help to protect this information which will be used for unwanted action from unauthorized persons.

Anti fraud

Q2  Technologies provide solution to detect, identify and prevent fraud doesn’t continue in the future and stop losses before they occur. Anti fraud is designed to protect  the customer and protect the institution with monitor all transaction in cross-channel such as all card transaction, online banking and mobile banking in  real time.

Anti fraud also can handle internal fraud like from employee. Anti fraud provide systematic and prioritized detection of employee fraud activity, with nest practice rule sets for common employee fraud scenarios and advanced models to detect more complex attack.

 


 

Anti money laundering

Money laundering refers to the use of the financial system to hide the source of funds gained from illegal activity such as drug trafficking, bribery, embezzlement, or other criminal activity.

The vast majority of criminal dealings are done in cash. Criminal need ways to dispose of the cash and have it reappear as a part of their wealth with as little chance as possible of it beeing tracked. Q2 Technologies provide solution that helps banks and financial institutions protect themselves and their reputation from criminals.

 


 

ITGRC (Government Risk Compliance)

Whether your organization is in the public or private sector, compliance with policy and regulatory mandates requires a solid data governance, risk and compliance (GRC) management approach. A key element in common across all of these policies and regulatory requirements is the need for organizations to ensure that controls are operating within predictable boundaries and within acceptable risk and compliance expectations.

 


 

ISMS (Information Security Management System)

“Manage ISMS” is a standard driven web  based application to fast track ISO 27001 certification, automate ISMS  maintenance activities,  and reduce cost and effort for security management. ISO/IEC 27001:2005 is the most widely accepted framework for establishing and maintaining information security. Through effective implementation of this framework organizations  can demonstrate information security process maturity and adequacy to the customers and regulatory compliance to the auditor and investor.

Q2 Technologies provide solution to implement the framework and achieving ISO 27001 certification for any organization where the assets and people number can be daunting.

 


 

PCIDSS (Payment Card Industry Data Security Standard)

Banks and financial service providers are constantly facing challenges to safeguard customer data including Credit/Debit card details and other personal information. Payment Cardholder Information Data Security Standard (PCI-DSS) is promoted by Visa, MasterCard, AMEX and others to establish a consistent and secure process across all entities who hande cardholder data. All merchant banks and businesses that are accepting, processing, storing and transmitting customer card data are required to comply with the PCI-DSS standard. Different compliance deadlines are mandated by the credit card companies depending on the merchant & service provider’s level and region of operations.

Most of the PCIDSS standard requirements are highly technical in nature. The quickest solution proposed by auditors/consultants to meet the PCI requirements is procurement of new infrastructure, tools and products. However, procurement and installation of new products & tools is an expensive option and in most cases, the PCI-DSS compliance projects take several years to complete. In reality, the PCI-DSS standard offers flexibility to implement compensating controls that would meet the standard requirements and would be efficient, economical and easy to implement.
 

The key challenges faced by organization trying to implement PCI-DSS are:

  • The standards are very technical in nature and require additional infrastructure, tools and products for compliance.
  • The solutions and recommendations from GAP Analysis undertaken by QSA are often provided
  • PCI-DSS compliance needs high financial investments and cost of maintenance.
  • Lack of clarity in leveraging the existing infrastructure, process and people to meet PCI-DSS requirements
  • PCI-DSS implementation complexity and corresponding long time frames to complete activities. This in turn leads to difficulties in meeting the timelines set by PCI-SSC
  • Ongoing maintenance of newly acquired products and process is an additional burden