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Verint Releases New Video Management Solution with Enhanced Capabilities for Financial Customers

Wed Jul 29, 2015

New Verint EdgeVMS Includes Optimized Bandwidth, Improved Surveillance Analytics and Robust Forensic Search Tools

MELVILLE, N.Y., July 29, 2015Verint® Systems Inc.(NASDAQ: VRNT) today introduced the release of its newest version of Verint EdgeVMS, which includes powerful new features specifically designed to benefit customers in the financial market.

 The new release of Verint EdgeVMS provides enhancements to the enterprise-class Verint Vid-Center, Verint Op-Center and Verint EdgeVR solutions. These innovations were designed to provide advanced functionality to customers in the financial market in the areas of bandwidth optimization, remote access and robust surveillance analytics. The new Verint EdgeVMS includes two new search capabilities to help financial institutions more readily investigate and detect fraud and theft attempts. Among the advancements are:

  • Centralized event and transaction search that enables operators to search for specific incidents and transactions across multiple sites, using flexible filters, such as time and date, location, transaction amount and account number.
  • Centralized forensic face search functionality that allows users to locate a specific face across several locations and discover when a known suspect may have visited a specific site.                                    

Rapid access to specific transaction parameters or individual characteristics are critical to helping banks locate suspicious transactions or anomalies. For example, operators can search Verint EdgeVMS for all transactions that were above a certain monetary value. Also, by using the solution’s forensic face search capabilities, they can quickly identify people involved in a suspicious transaction by comparing their faces with criminal databases.

“The new search capabilities offered in Verint EdgeVMS provide a powerful tool for banks to investigate and detect potential fraud and theft,” says Steve Weller, senior vice president and general manager, Verint Video and Situation Intelligence Solutions. “With enhanced event and transaction search, and forensic face search functionality, operators can improve visibility into customer transactions, adding context over time to detect patterns that might indicate theft or fraud. By improving situational awareness, operators can gain new levels of intelligence, and react to incidents faster and more effectively.”

About Verint Systems Inc.

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 April 30, 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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