CHICAGO, IL--(Marketwired - July 22, 2014) - INFORM GmbH, a global company specializing in process optimization software, announced today that it has been awarded the 2014 Kinetic Innovation Award for RiskShield, an enterprise risk and fraud prevention solution and its deployment at Rabobank Group.
Winners of the 18th Annual Kinetic Process Innovation Awards sponsored by High Tech Views were announced honoring four companies whose technology makes a significant contribution to supporting business growth and achievement for their customers.
RiskShield offers an adaptable, intuitive and visual interface to develop, maintain, and analyze fraudulent activity. "We are extremely pleased that INFORM GmbH has been recognized for this award," says Dr. Andreas Meyer, Director Risk & Fraud Division at INFORM. "Our RiskShield implementation at Rabobank is a good example of the flexibility of our fraud prevention solution to manage financial transactions and customer activities. The anti fraud experts are now better equipped to choose from any data feed and screening algorithms in order to fine-tune the results top to bottom and the results are impressive."
Due to the success of our implementation, Rabobank has extended their agreement with INFORM for worldwide fraud prevention and risk management license. "Their commitment to INFORM is a strong validation of our software and our unlimited licensing contract further demonstrates our valued partnership," continues Dr. Andreas Meyer.
RiskShield has been selected for this award by an independent panel of industry experts based on process improvements that led to gain in one or more of the following areas: productivity, profitability, ability to adapt to market conditions, and competitive standing/ market share.
About Kinetic Process Innovation Awards:
The awards program, founded by Kinetic Information LLC in 1996, is sponsored by High Tech Views to recognize innovation in the application of information technology. Awards focus on the business benefits user organizations derive from their technology systems. Winners are selected by a panel of experts consisting of independent professionals who are recognized authorities in their fields. The judging process is free of any vendor or other bias so the emphasis remains on the business benefits provided by each winning implementation.
About INFORM GmbH
INFORM develops and markets software systems to optimize business processes on the basis of operations research and fuzzy logic. Using these two technologies, INFORM is able to develop software systems that "think" and can make intelligent decisions. The benefits for users are better on-time delivery performance, lower costs and significant competitive advantage.
More than 1000 companies worldwide benefit from advanced optimization software systems by INFORM in industries such as transport logistics, airport resource management, production planning, payment & card fraud management and insurance claim optimization. INFORM employs over 500 staff from more than 30 countries.