GBG has been awarded the ‘Cyber Risk Solution of the Year’ at the Asia Risk Technology Awards 2020. The award celebrates the solutions providers that serve financial services firms in meaningful and innovative ways. The Asia Risk Awards is the longest-running and most prestigious awards for firms and individuals involved in the Asia's derivatives markets and in risk management.
GBG won the award for its Enterprise Fraud and Cyber Risk Management solution implemented for AmBank, one of Malaysia’s largest banking groups.
GBG’ Fraud and Cyber Risk Management platform helps AmBank seamlessly assimilate layers of defence incorporating device fingerprinting, malware and bot detection coupled with behavioural analytics. The solution has helped AmBank pioneer the unification of data intelligence across its cyber security and the fraud risk units which has never been achieved before.
AmBank is one of the first banks in Malaysia to have an end to end fraud cyber risk solution
Enhanced identification of fraud typologies, use cases, and scenarios due to intelligence sharing between cyber and fraud functions
GBG’s fraud solution has saved AmBank a record 2.7million MYR in the past 6 months
GBG (AIM: GBG) is a global technology specialist in fraud and compliance management, location and identity data intelligence with offices in 18 locations worldwide. For over 30 years, GBG has been accessing and verifying identities, to the standards set by financial regulators, of more than 4.4 billion people worldwide or 57% of the world’s population. GBG has a network of over 270 global partnerships connecting to more than 510 datasets to provide data with accuracy and integrity.
In the fraud category, GBG manages end-to-end fraud and compliance needs across a range of industries including financial services (international, regional and local banks, auto finance companies, P2P lending, mutual companies, and credit unions), government services, retail, healthcare, education, betting and wagering. Some of our customers include 90% of top tier banks in Malaysia, BNP Paribas Personal Finance in Spain, regional banks like HSBC, and major wagering players like Tabcorp.