A new version of software to investigate and track bank fraud has been released by Atlanta-based Antinori Software, which specializes in workflow software for banks.
FraudTrack 2.0 is a Windows-based fraud reduction tool used by financial institutions to track, organize, and report fraud investigations and histories. The software gives multiple users, investigators, and managers access to all case and transaction information, historical notes, documents, and analytical reports.
Enhancements in the latest release include improved capabilities to track all aspects of check fraud cases, to sort cases by different variables, and to create summary statistics, among other functions.
FraudTrack will be resold by Backroom Enterprises of Aurora, Illinois, a consulting firm to financial institutions looking to cut check fraud losses, according to Alisa Pennington, Antinori director of marketing. Pricing is based on usage and bank assets.
Antinori gets 90 percent of its revenues from banking software. Its ASI/16 Check Fraud Detection System scrutinizes checks written from accounts within a bank, and it is developing software to help banks detect fraud for checks written on accounts at other banks.