Manipal Technologies Ltd (MTL), which is a secure print solutions organization has announced that it has acquired CrossFraud – an advanced fraud detection and anti-money laundering solution from Bengaluru-based Saraansh Software Solutions Pvt. Ltd for an undisclosed amount. The acquisition comes with four international patents in risk and fraud detection area which is already implemented in two banks in Thailand and six banks in India.
Abhay Gupta, the CEO of MTL stated that the MTL team believes the highly advanced CrossFraud solution will help it accelerate its business growth and move up the value chain to scale newer heights. As the fraud detection and anti-money laundering space is identified as one of our high growth businesses for the future. The CrossFraud gives newer capabilities to provide end to end integrated solutions along with the current offering of payments and financial inclusion.
So let’s discuss some questions related to this post:
1. Name the company which has acquired the CrossFraud detection solution from Bengaluru company?
Courtesy: The Hindu