Regional Community Bank Expands Use of Fraud and Security Intelligence Solutions from Verint

Wed Jul 26, 2017

Bank Realizes New Benefits of Centralized Management

MELVILLE, N.Y., July 26, 2017Verint® Systems Inc. (Nasdaq: VRNT) today announced that a regional financial institution in the U.S. has expanded its use of Verint solutions to mitigate fraud, enhance security and resolve liability claims across its bank branch and corporate facility network. This chartered bank provides a broad range of traditional banking services, and has more than 40 banking centers located throughout Louisiana, Texas and Mississippi. It’s a wholly-owned subsidiary of a financial holding company with assets of more than $4 billion.

 

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Press Release

Regional Community Bank Expands Use of Fraud and Security Intelligence Solutions from Verint

Wed Jul 26, 2017

Bank Realizes New Benefits of Centralized Management

MELVILLE, N.Y., July 26, 2017Verint® Systems Inc. (Nasdaq: VRNT) today announced that a regional financial institution in the U.S. has expanded its use of Verint solutions to mitigate fraud, enhance security and resolve liability claims across its bank branch and corporate facility network. This chartered bank provides a broad range of traditional banking services, and has more than 40 banking centers located throughout Louisiana, Texas and Mississippi. It’s a wholly-owned subsidiary of a financial holding company with assets of more than $4 billion.

The bank recently deployed Verint’s video management solution that enables organizations to monitor and manage its security operations. Using Verint, the bank is benefitting from the addition of centralized capabilities and the ability to reduce the cost and complexity of managing its video surveillance assets. Additionally, with the remote diagnostics and system health monitoring the solution provides, the bank can take a proactive approach to maximize video uptime across its branches, as well as quickly identify and respond to issues the system detects.

According to the assistant vice president and security officer of the bank, Verint solutions have proven highly-valuable to support its security and fraud reduction efforts because they are reliable and easy to manage, and provide the security intelligence needed to mitigate risks across its branch network.

“With the comprehensive Verint security intelligence and situational awareness solutions, including highly scalable network video and IP capabilities throughout, this regional financial leader gains access to the data necessary to mitigate fraud, increase safety and improve operations,” says Matt Tengwall, vice president and general manager, Verint. “Verint’s strong heritage and expertise in the banking sector helps organizations meet and exceed the requirements of today, also while preparing for future.”

About Verint Systems Inc.

Verint® (Nasdaq: VRNT) is a global leader in Actionable Intelligence® solutions with a focus on customer engagement optimisation, security intelligence and fraud, risk and compliance. Today, more than 10,000 organizations in approximately 180 countries—including over 80 percent of the Fortune 100—count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we’re creating A Smarter World with Actionable Intelligence® at www.verint.com.

This press release contains "forward-looking statements," including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance, and they are based on management's expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2017, our Quarterly Report on Form 10-Q for the quarter ended April 30, 2017, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

VERINT, ACTIONABLE INTELLIGENCE, MAKE BIG DATA ACTIONABLE, CUSTOMER-INSPIRED EXCELLENCE, INTELLIGENCE IN ACTION, IMPACT 360, WITNESS, VERINT VERIFIED, KANA, LAGAN, VOVICI, GMT, VICTRIO, AUDIOLOG, CONTACT SOLUTIONS, OPINIONLAB, ADTECH, CUSTOMER ENGAGEMENT SOLUTIONS, CYBER INTELLIGENCE SOLUTIONS, VOICE OF THE CUSTOMER ANALYTICS, NEXTIVA, EDGEVR, RELIANT, VANTAGE, STAR-GATE, ENGAGE, CYBERVISION, FOCALINFO, SUNTECH, and VIGIA are trademarks or registered trademarks of Verint Systems Inc. or its subsidiaries. Other trademarks mentioned are the property of their respective owners.


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Contacts:

Media Relations Investor Relations

Colleen Gustitus Alan Roden

Verint Systems Inc. Verint Systems Inc.

(443) 535-4238 (631) 962-9304

colleen.gustitus@verint.com alan.roden@verint.com