Melbourne, Australia
Fraud Management Technologies (FMT) today announced it has been named a Cool Vendor in Gartner's 14 March 2007 "Cool Vendors in Secure Business Enablement, 2007" report.
FMT is one of five Cool Vendor companies listed from around the world.
The Gartner report states: "Technologies that address threats without driving away customers or causing burdensome integration demands will be among the most sought-after security solutions."
Using a novel front-end approach, FMT Octopus(TM) enables legitimate online credit applications, banking transactions, account servicing and merchant payments to complete without intruding on the customer experience. However, risky transactions are challenged in real time -- before they conclude.
With its proprietary preprocessing filter embedded in a Web application server, no changes are needed to existing software and the need for application programming interfaces (APIs) is eliminated.
"FMT Octopus is revolutionising the way online risks are identified and prevented by plugging the holes left by back-end analytic products," said FMT CEO Kostas Siourthas "It's an honour to be selected as a Cool Vendor for our successful innovation that provides immediate return on investment with its quick and easy installation."
About FMT
FMT was founded in 2002 to help financial institutions, e-commerce organisations and online retailers contain risks associated with online financial transactions. The company's real-time, easily installed, front-end products prevent fraudulent activity and mitigate risk through predetermined strategies designed to be non-customer intrusive. For more information, visit www.fmtworldwide.com or contact Susan Roth on +61 420 974 762.
Gartner, Inc., "Cool Vendors in Secure Business Enablement, 2007," by Avivah Litan et al, March 14, 2007.
CONTACT: FMT Susan Roth +61 420 974 762 sroth@fmtworldwide.com Fax: +61 3 8640 0858 info@fmtworldwide.com www.fmtworldwide.com
Source: Business Wire (Business Wire India)