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Queen's Award goes to MCL software for its anti-fraud system       

25/04/2006

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MCL Software, an Experian company, has won The Queen's Award for Enterprise, the UK's most prestigious award for business performance.

The Award was been awarded in recognition of its 'outstanding achievement in innovation'.

The design, development and delivery of advanced anti-fraud solutions through its Hunter software captured the judges' attention for its continuous success in intercepting fraudsters that would have exposed the financial services, insurance, telecommunications and public sectors to £ billions worth of fraud losses.

Gavin Snell, General Manager for MCL Software, commented: "Winning the Queen's Award for Innovation is an incredibly proud moment for us all.

 

"The award recognises the achievements and talent of everyone at MCL and also the support of Experian in enabling us to continually push the boundaries in terms of innovation.

"It's also important that we recognise the contribution that our valued clients and partners have played in this success.

"The Queen's Award will further enhance our reputation and provides independent recognition of the contribution we are making to reduce fraud both in the UK and globally.

 

"We are expanding across all continents and are committed to further growth and investment in both our solutions and our people.

"The Award will further attract the best talent to our business."

Over 100 organisations, in both the public and private sectors, use Hunter to respond to the threat of fraud.

In 2005 alone, MCL's clients confirmed that Hunter successfully prevented fraud that would have had an impact of over £1 billion in losses on their business.

Hunter is a fraud detection system that screens applications and claims for potential fraud.

It is used extensively in the financial services, insurance, telecommunications and public sectors to identify a range of fraudster 'types' such as identity theft, collusion and fictitious insurance claims.

MCL has also established data exchange communities that share fraud and application intelligence in the banking and insurance sectors.

 

Source: Credit Control Journal

 

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