Fraud-Vigilance, a local business fraud management solution company, has launched an integrated fraud-management engine.
The new service, known as Glinde 2.0, is used by business at all levels including multinationals, banks, beer distributors, Safaricom dealers and supermarkets stores. Glinde 2.0 is aimed at helping business owners to protect their capital investment in business and good employees from fraud.
“There are two basic drivers of fraud; the availability of the stock, cash, float, merchandise to be stolen/misappropriated and the ability of the fraudster to get away with the loot,” says Mr Edwin Wachiye, Fraud-Vigilance CEO. “Fraud is committed by someone who is confident that they will get away scot free or the repercussions are minimal and delayed.”
The numerous merchants and corporates already using the product have seen an immediate dip in-house fraud, he said.
“The biggest challenge is fraud by employees (in-house) and fraud by the public and customers,” explains Mr. Wachiye. “Our Engine gives business people real time localised fraud or market risk alerts, access to a national fraud lent employees data base, a toll free whistle blower line, national fraud statistics and maps.”
The online database complements real-time fraud alerts offering quicker and proactive fraud management. Together, they help organizations improve fraud detection while focusing on delivering a great customer experience.
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