Issue 5 2019

Acquisition International - Issue 5 2019 45 Feb19560 Detelix is a fraud protection provider for large organizations. Recently, the firm found success in AI’s Global Excellence Awards 2019 where they were selected as the Most Trusted Fraud Protection Services Provider for Business 2019 – Israel. On the back of this win, we profile the firm and caught up with Founder and CEO, Benny Alon who provided us with an overview of the firm and their solution “Argoscope”. Enabling you to Make Informed Decisions ounded in 2015, Detelix, on the basis of ALTO (a company founded in 2008), was created with the main goal of preventing the transfer of funds that do not comply with a set predetermined authorizations, thus giving a company’s gatekeepers a full picture before transferring the funds. Since their inception, the firm have invested more than 25 years in both research and development. Going into further detail about the firm, Benny begins by informing us of the services that Detelix provides and how the company uses feedback to improve. “Here at Detelix, our customers continuously report the prevention of unauthorized transfer of funds, whether intentionally or not, due to discovery errors and locating embezzlements. This process has made our customers a quick return on investment, as well as peace of mind to the gatekeepers. “By focusing on scenarios, we have very low false positives and the feedback gives us the opportunity of updating the algorithms. Throughout the years, Detelix has accumulated a large community of users who actively share their knowledge enriching the whole community. The community feedback allows us to update and better the product and the update are distributed free of charge to ours customers. This enables our customers to be up-to-dated continuously.” One of Detelix’s most successful solutions is, Argoscope - a 24/7 solution that provides confidence and peace of mind regarding outgoing payments from the company. When discussing Argoscope, Benny is keen to highlight the solutions key factors and the benefits it provides to clients. “Argoscope system is an expert system for locating and preventing embezzlement, fraud and procedural failures in the organization. The system examines and analyzes all payment processes, while assessing risks in real time, prior to approval of the payment and withdrawal of money from the organization “In addition to this, Argoscope is based on the latest technology for monitoring all payment nodes, whilst assessing risks in real time, before approving and effectuating the payments. The system accompanies the entire payment process, from the stage of creating the entity to which the money is transferred, until the payment is transferred, including the examination of the accounting records. The system enables senior management to maintain continuous control over the entire payment process, and to receive targeted alerts regarding actual risk of embezzlement or deviation from proper management. F “Ultimately, strength of the Argoscope system is a combination of data beyond the financial systems, adaptive algorithms, organizational and financial understanding. Argoscope learns the behavior of the payment process behind the scenes using a very unique intelligent engine, detects, reports and stops, if required to do so, activities that do not conform with predetermined set of rules and regulations. Argoscope enables the gatekeepers to approve and transfer the funds with greater confidence.” Looking ahead to what the future holds, the team at Detelix will continue to deliver an exceptional service to their clients to ensure that they not only meet the requirements which have been set, but also surpass their expectations and benefit both parties involved. Bringing the interview to a close, Benny signs off by revealing the exciting plans which lies in the pipeline for the firm, especially following their success in Acquisition Intl.’s Global Excellence Awards 2019 where they were righteously awarded the title Most Trusted Fraud Protection Services Provider for Business 2019 – Israel. “Moving forward, our desire to help other customers, and we are seeking distributors. In the coming year, we will continue to write additional algorithms, and enter additional ML capabilities in the system.” Contact: Benny Alon Company: Detelix Telephone: +972 54 9700971 Web Address: www.detelix.com