Focus on Fraud - Softpro's User Group Meeting sets milestones in Check Fraud Prevention and Detection

[LAS VEGAS] - 2008-09-19: Softpro's annual User Group has the reputation of being one of the banking industry's premier fraud prevention discussion forums including leading players by the world's leading financial institutions. The attendees of the confirmed that this is the unique industry forum where the real issues get discussed and real solutions are driven. For the forth time in a row, Softpro hosted its user group meeting in Las Vegas, Nevada. This year the event was held in Palms Resort.

Industry leaders and innovators from all over America gathered to exchange information and ideas about the latest trends in fraud and prevention technologies, as well as discussing the business aspects of check processing and paperless documents. At the 2008 event, Softpro was proud to welcome in participants from American Express, Bank of America, Capital One, Chase, Citigroup, DCI, First California Bank, Key Bank and Symcor. The agenda in 2008 was a mix of customer presentations such as FraudOne best practices and FraudOne in a day one environment as well as presentations on product roadmap, virtualization, future Strategies and a session on the generation of rules for SOFTPRO's popular holistic "Combined Risk Score" analysis.

User Group chaired by representatives from Chase and Key Bank

For the first time the event was chaired of two of Softpro's User Tom Chin from Chase and Dennis D'Ambrosio from Key Bank. It was one of the innovations reflecting Softpro's to continue to be recognized as most customer-focused vendor for for fraud prevention solutions. The event gave the banks the opportunity to learn from each other's organizations how to better address the fraud problems they are facing as well as sharing best practice how to make the most when using Softpro's solutions.

Frank and fruitful discussions, focused on what really matters

Alain Sarraf says: "The discussions within the growing Softpro user group were the source for some of the most impressive innovations that the banking industry has seen in the last years. Now the group is in a stage to develop into the next level. We intend to intensify the contact and to ensure everything that we Softpro is the realiable partner bank's can count on in a difficult market environment as we stand for long-lasting, sustainable partnerships. Within the user group we have developed a discussion and development culture which is fact-based, frank, honest and open. It is a bit funny to have this event in Las Vegas where everything is designed to have fun. But - believe it or not - if it comes to fraud prevention these meetings are getting extremly serious: We concentrate on what really matters and how to resolve issues facing this industry."

Angela Bardowell coordinates the User Group

The event introduced Angela Bardowell, a key player in the banking industry for over thirty years as the driver for the user group taking over from Alain Sarraf who was appointed as Chief Technical Officer (CTO) earlier this year. Angela re-joined Softpro ealier this year as Softpro's Executive Vice President of Product Strategy and Operational Risk Consulting.

Alain Sarraf about Angela: "She brings a strong background in liability risk management specializing in loss prevention and detection and related best practices. I am extremely proud to have Angela Bardowell now as coordinator of the user group as well. I can hardly think of anyone in this industry with more experience and knowledge. She has the right business focus which allows Softpro to continue to be at the forefront of fraud prevention solutions in the US market. Angela's breadth of knowledge and hands-on experience enrich our company's portfolio." Ealier Ms. Bardowell worked for Bank of America in several senior-level positions including the one as a Senior Vice President and Process Design Executive in the Liability Risk Management Group. Ms. Bardowell is a graduate of the University of Virginia Graduate School of Retail Banking. She is also an Associate Certified Fraud Examiner and holds a Six Sigma Black Belt.

Angela Bardowell: "It is our aim to give our customers access to expert knowledge in order to enhance their daily business and to build long-lasting, sustainable partnerships. Our approach to product development is clearly customer focused and the input from the group is what drives the product roadmap and strategy. The discussions about fraud trends and future applications will help Softpro to be in a strong position to provide products that are visionary. Due to high demand from the participating banks and Softpro's extensive banking customers, the annual meeting will be extended to include working groups and quarterly calls to focus on specific aspects of fraud and help softpro to specifically design solutions that exactly meet the customer's needs." Softpro's active user group meeting participants are typically the first ones to reap the benefits of innovative anti-fraud technology and indeed to participate in its inception.

Focal point of company stategy is on Stakeholder Value

Tim Morris, President of Softpro North America: "Softpro continues to focus on the idea of stakeholder value encompassing enduring benefits for customers, partners and employees. The user group meeting in 2008 was just another milestone to prove this. We look forward to seeing an even larger attendance returning in mid-September 2009. Despite difficult market conditions we are especially happy that the user group meeting 2008 had once again new Softpro customers on board". Details about the event are distributed within the user group communication channel.

Recommended links for additional information


>> Berliner Sparkasse signs paperless with SOFTPRO SignDoc (September 2008, 1)
>> Insurer VPV goes paperless with SOFTPRO SignDoc (July 2008, 14)
>> MEFX: Softpro presents State of the Art in Fraud Detection and e-Signing (June 2008, 1)
>> Outline about the status of Dynamic Signature Verification today for the RSA Conference 2008 (April 2008, 7)
>> Softpro North America: Tim Morris appointed as President (April 2008, 1)

 

Downloads

Code
Title Last Update Language Status
A06
Mitigate Operational Risk & Combat Check Fraud2010-02-02en available
Brochure about consulting offers related to the suite of fraud detection products
A50
FraudOne® E II - Features in Release 4.02010-02-02en available
Release Announcement for the latest version of FraudOne (US Version)
A52
Holistic Approach To Fraud Reduction2010-02-02en restricted
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Whitepaper about A Holistic Approach to Reducing Cheque Fraud and Identity Theft

About SOFTPRO

The SOFTPRO Group is the worldwide leading vendor of systems for capture and verification of handwritten signatures. The company is based in Boeblingen, Germany with local subsidiaries in North America (Bear, Delaware), the United Kingdom (London), and Asia-Pacific (Singapore).

The group currently employs an international staff of over 60 people, enabling more than 200 companies worldwide to streamline their document and transaction workflows.

  • With its "eSign Workflow" product line, SOFTPRO provides solutions for securing the authenticity and integrity of documents within electronic processes, such as those required for legal contracts. For this purpose, a unique signature technology is used to extract and evaluate both the static and dynamic (biometric) characteristics of handwritten signatures.
  • SOFTPRO’s "Fraud Prevention Solutions" portfolio provides a holistic approach to detecting and preventing fraud in paper-based processes (such as payment transactions), as well as increasing operational efficiency using signature management and verification solutions.
Among SOFTPRO’s customers are American Express, Bank of America, Barclays, Chase, Citigroup, Discover Financial, Fifth Third, SEB, Sunrise, Standard Bank of South Africa, UBS and Wachovia.

Since 2002, the offer to secure electronic documents with handwritten signatures extended the customer portfolio of SOFTPRO to other industries such as banking and insurance, telecommunication, health and pharmaceuticals, retail, government, automotive and logistics.

Frost & Sullivan - one of the leading growth consulting companies worldwide - presented SOFTPRO GmbH with its "Customer Service Leadership Award" for having excelled in serving its customers and gaining superior customer satisfaction levels. This award recognizes the company that has gained the best insights into customer needs and product demands.

SOFTPRO is privately owned.

SOFTPRO's partners include: A2iA, Adobe, Betasystems, Datalan, Disoft, Fujitsu, Gijima AST, Gizmotech, IBM, Lenovo, Microsoft, Motion Computing, Siemens, Toshiba, TeleCash (First Data), Siemens, Unisys and Wacom.

Please contact us for additional information:

SOFTPRO GmbH

Wilhelmstrasse 34
71034 Boeblingen
Germany

Phone: +49 7031 6606 0
Fax: +49 7031 6606 66

Joerg-M. Lenz
Manager PR

e-Mail Joerg-M. Lenz