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Verint Receives 2015 “New Product of the Year” Award for Identity Authentication and Fraud Detection

Wed Oct 28, 2015

Security Products Magazine Recognizes Verint Identity Authentication and Fraud Detection Solution for Outstanding Development Achievements

MELVILLE, N.Y., October 28, 2015Verint® Systems Inc. (NASDAQ: VRNT) today announced that it has been awarded a 2015 “New Product of the Year” honor from Security Products magazine, a publication focused on integrated product and technology solutions for security professionals. The company was recognized for its identity authentication and fraud detection solution under the “user authentication/identification/credentialing and management” category.

The industry awards program, now in its seventh year, recognizes outstanding product development achievements of solution providers whose offerings are considered noteworthy in their ability to improve security.

Notes Ralph C. Jensen, editor in chief, Security Products magazine, “The New Product of the Year awards program provides the industry with a great view into security solutions available in this fast-evolving market. Our judges conduct a thorough and rigorous evaluation of each nomination to identify the best-of-the-best in security solutions today.”

Verint Identity Authentication and Fraud Detection leverages advanced voice biometrics and predictive analytics to verify legitimate customers, and identify and thwart fraudsters during live calls. The solution applies passive voice biometrics to profile and recognize the unique vocal characteristics of callers and stores the voiceprints of known fraudsters in a database that silently screens calls against it. This enables organizations to effectively detect the voices of known fraudsters and help reduce financial losses, all without disrupting the experience for valid customers. Using the solution, customer engagement centers can effectively verify the identity of customers more quickly, easily and securely than traditional authentication methods, thereby reducing customer effort and service delays associated with the number of security questions asked.

To learn more about the identify authentication and fraud detection solution from Verint, visit www.verint.com.

About Verint Systems

Verint® is a global leader in Actionable Intelligence®, which has become a necessity in a dynamic world of massive information growth. By empowering organizations with crucial insights, Verint solutions enable decision makers to anticipate, respond and take action, and make more informed, effective and timely decisions. Our solutions are designed to address three important areas of the actionable intelligence market: customer engagement optimization; security intelligence; and fraud, risk and compliance. Verint’s vision is to create A Smarter World with Actionable Intelligence®, and today, more than 10,000 organizations in over 180 countries—including over 80 percent of the Fortune 100—already benefit from this vision. Learn more at www.verint.com and NASDAQ: VRNT. 

This press release contains "forward-looking statements," including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2015, our Quarterly Report on Form 10-Q for the quarter ended July 31, 2015, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

VERINT, ACTIONABLE INTELLIGENCE, MAKE BIG DATA ACTIONABLE, CUSTOMER-INSPIRED EXCELLENCE, INTELLIGENCE IN ACTION, IMPACT 360, WITNESS, VERINT VERIFIED, KANA, LAGAN, VOVICI, GMT, VICTRIO, AUDIOLOG, ENTERPRISE INTELLIGENCE SOLUTIONS, SECURITY INTELLIGENCE SOLUTIONS, VOICE OF THE CUSTOMER ANALYTICS, NEXTIVA, EDGEVR, RELIANT, VANTAGE, STAR-GATE, ENGAGE, CYBERVISION, FOCALINFO, SUNTECH, and VIGIA are trademarks or registered trademarks of Verint Systems Inc. or its subsidiaries. Other trademarks mentioned are the property of their respective owners.

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