Bottomline Technologies, a provider of cloud-based payment, invoice, and digital banking solutions, is set to offer cyber fraud and risk management solutions following the acquisition of Intellinx.
Headquartered in Israel, Intellinx customers include some of the world's leading banks and government agencies.
Case management capabilities centralize risk management, speed investigations, and facilitate compliance with regulations pertaining to Anti Money Laundering (AML), the Health Insurance Portability and Accountability Act (HIPAA), and Know Your Customer (KYC).
The fraud detection and prevention market is estimated at $17 billion annually and is projected to grow to $35 billion by 2019, according to research conducted by Gartner Consulting.
"We are extremely excited to combine with Intellinx," said Rob Eberle, president and chief executive officer (CEO) of Bottomline Technologies. "Our customers have been asking us for solutions to help them combat cyber fraud and the Intellinx solution is unmatched in the market. Its ability to create a 'digital surveillance camera' delivers a critical and unique line of protection against cyber attacks and cyber fraud, with instant alerts, session replay, and full case management capabilities."
"We are delighted to combine with Bottomline," said Orna Mintz-Dov, founder and CEO of Intellinx. "Our technology is proven with some of the largest organizations in the world. By joining Bottomline, we gain the market reach and distribution required to provide our unique capabilities to the broader market."
"Bottomline's culture of innovation is an ideal match for Intellinx's focus on market-leading solutions," added Boaz Krelbaum, Founder, CTO, and US general manager of Intellinx. "The combination will enable us to be at the forefront of advanced cyber security solutions."
Bottomline Technologies, Intellinx, US, AML, HIPAA, KYC, Rob Eberle, Boaz Krelbaum