FOR IMMEDIATE RELEASE
Exprentis starts a new contract with a west coast retail bank to tune their fraudulent behavior detection models.Fairfax, Virginia, July 7, 2011 – Exprentis, a Virginia-based provider of regulatory compliance solutions for the financial services industry, signed a new task order with a west coast retail bank to analyze and tune their analytical models for detection of money laundering and other fraudulent behaviors. The contract is based on a popular and sought-after service offering from Exprentis that helps financial services firms improve efficiency of their compliance analytical teams and increases returns on investments they have made in their transaction monitoring platforms. "We were pleased to learn that yet another bank selected our popular fixed-price service offering for analysis and tuning of analytical detection models, and we are looking forward to work with the bank's team of analysts and technologists to improve results generated by their Search Space and SAS platforms." – said Tom Dybala, Founder and Principal of Exprentis. The service will be delivered within a fixed eight weeks timeframe and it will result in a series of tuning recommendations that will improve the quality of generated alerts without requiring costly and time-consuming IT projects.
About Exprentis, Inc.
Exprentis is a software solutions firm providing products and services targeted to the regulatory compliance and risk management needs of financial services firms. Exprentis' services include analytical model analysis and fine tuning, creation of custom scenarios or detection models, technology research and feasibility studies, and regulatory knowledge engineering.
Exprentis' products include knowledge bases and software agents that help to automate compliance processes, enhance workflow, ensure consistency of analysis and reporting, and improve return on investment in high end monitoring solutions. For more information go to
www.exprentis.com.
