The PRWIRE Press Releases https:// 2005-03-09T16:36:00Z Golden Mean Launches New Australian Fraud Practice 2005-03-09T16:36:00Z golden-mean-launches-new-australian-fraud-practice Golden Mean, a Sydney-based Total Data Management consultancy, today launched its new Australian Fraud Practice which consults to organisations in the insurance, financial services and retail industries. The Practice will assist organisations in developing best-practice anti-fraud strategies in combination with cutting edge data analytics technologies. Ant-fraud expert Arthi Rajan has joined Golden Mean in the newly-created role of Australian Fraud Practice Director. Ms Rajan joins Golden Mean from Suncorp-Metway where she was responsible for the development that company's Fraud Analytics Unit. At the core of Golden Mean's anti-fraud offering is the Virtual Fraud Organisation, which is based on predictive modelling and combines best-practice anti-fraud methodology with advanced architecture and integrates rapidly with most existing systems and business processes. The Virtual Fraud Organisation is a management solution that can assess multiple data streams and financial transactions in real-time to identify and flag patterns of behaviour indicative of fraud. Greg Stevens, Managing Director for Golden Mean, said, The development of our Australian Fraud Practice represents a significant leap forward in protecting organisations against fraud and raising the bar for anti-fraud standards. The threat of fraud is increasing as criminals uncover loopholes in privacy and compliance laws to ply their illegal trade. Our aim is to combat this. Fusion Operations Solutions, a developer of online mortgage application services, is Golden Means first Australian Fraud Practice customer. Golden Mean has developed the worlds first real-time Mortgage Fraud Service for Fusion to provide its customers with real-time warnings of potentially fraudulent behaviour. Commenting on Ms Rajans appointment as Fraud Practice Director, Mr Stevens said, Arthi is a highly skilled fraud analyst and consultant, and we look forward to captialising on her expertise as we penetrate the market with our services and continue to develop our fraud mitigation strategy. Ms Rajan will take responsibility for consulting with customers on anti-fraud strategies and detecting high risk areas of their business. She will identify new technologies and tools to add to Golden Means Australian Fraud Practice. Previously, Ms Rajan was the Principal Business Analyst at Suncorp-Metway where she set up and managed the Fraud Analytics Unit to combat identity and mortgage fraud. Ms Rajan was also with Westpac for two years as a Fraud Analyst where her focus was detecting credit card fraud. Mr Stevens concluded, Golden Mean has quickly become a global anti-fraud champion with the launch of our Australian Fraud Practice, the development of our Virtual Fraud Organisation and the recent delivery of the worlds first Mortgage Fraud Service to Fusion Operations Solutions. news ends Notes for Editors: About Golden Mean Pty Ltd. Sydney-based Golden Mean Pty Ltd is a systems integrator specialising in data intelligence, data integrity and data integration. Golden Mean delivers Total Data Management solutions to enterprises struggling to access all their data sources for a single company-wide view. For more information, go to www.goldenmean.com.au Worlds First Real-Time Service to Combat Mortgage Fraud, Developed in Australia 2005-02-15T16:22:00Z worlds-first-real-time-service-to-combat-mortgage-fraud-developed-in-australia Fusion Operations Solutions Pty Limited, the Australian leader in online mortgage application services, today announced the worlds first real-time Mortgage Fraud Service delivered through Golden Means ground-breaking Virtual Fraud Organisation architecture and methodology, and based on analytics software from Salford Systems. Conservative estimates have mortgage fraud accounting for some 12.9 per cent of all financial institution losses in Australia. Fusions Pisces e-app services are used by approximately 35 per cent of Australian mortgage brokers. Currently some 4,000 mortgage brokers subscribe to the web-based service, which provides a simple-to-use application interface and allows users to access updates throughout the complete finance application process. Sydney-based Total Data Management consultancy, Golden Mean is providing and integrating the anti-fraud service which combines TreeNet, RandomForests and other proprietary Salford technology. The solution incorporates evolutionary semantic application integration technology from Contivo which can reduce traditional integration lifecycles by more than 60 per cent. Golden Means Virtual Fraud Organisation is a fraud management solution that allows for transactions to be assessed for fraud and a score rating applied. Fusions new Mortgage Anti-Fraud Service will be made available to its customers as an additional value-added module and will be fully integrated with its existing online services to provide real-time warning of potentially fraudulent behaviour. The service can identify fraud at the borrower, broker and lender levels ensuring the complete lending loop has maximised anti-fraud protection. Alvin Justus, Head of Operations at Fusion, said, The explosion of mortgage financing and the rapid growth of the sub-prime lending market has provided opportunities to exploit gaps in compliance processes and existing rules-based anti-fraud systems. Fusions new Mortgage Anti-Fraud Service uses predictive data behaviour analysis to better identify fraudulent information in real-time and significantly reduce lenders exposure to fraud. The new service will enable Fusion to provide added-value across the entire mortgage lending loop. Greg Stevens, Managing Director of Golden Mean, said, Fusions Mortgage Fraud Service provides lenders with the most powerful and accurate fraud detection tools available. This is the first time anywhere in the world where data mining technology incorporating both behavioural analysis of mortgage application data and business rules is being used simultaneously to identify and combat fraud. This is a key aspect of our Virtual Fraud Organisation architecture. Representing a significant leap forward in anti-fraud protection for the mortgage finance market, the service differentiates itself from most existing systems by introducing a combination of rules and analytics when attempting to detect fraud. Most common systems simply apply a business rules test to mortgage applications. Such applications either pass or fail depending on the data contained within them. Fusions service differentiates itself by scanning data using a best in class analytics engine and simultaneously applying the Mortgage Anti-Fraud rules derived from the Virtual Fraud Organisation. The analytics engine scans the data, predicts its potential behaviour and then applies a fraud score to every individual application. The introduction of this business critical approach promises to identify much of the fraud which currently passes through existing systems. news ends Notes for Editors: About Fusion Operations Solutions Pty Ltd. Fusion Operations Solutions has a vision to Create a fully integrated mortgage delivery chain that provides an exceptional mortgage experience for customers at a dramatically lower cost. Fusion has relationships with every large financial institution in Australia. Fusions consultants have worked on operations improvement programs with ANZ, AMP and Westpac. For more information visit www.fusionos.com About Golden Mean Pty Ltd. Sydney-based Golden Mean Pty Ltd is a systems integrator specialising in data intelligence, data integrity and data integration. Golden Mean delivers Total Data Management solutions to enterprises struggling to access all their data sources for a single company-wide view. For more information, go to www.goldenmean.com.au About Salford Systems. Salford Systems specialises in providing new generation data mining and choice modelling software and consultation services. Applications in both software and consulting span market research segmentation, direct marketing, fraud detection, credit scoring, risk management, bio-medical research and manufacturing quality control. For more information, go to http://www.salford-systems.com. About Contivo. Contivo provides solutions that enable enterprises to dramatically reduce implementation and maintenance costs of enterprise-wide integration projects. For more information, go to www.contivo.com. Trademarks: Contivo and Salford Systems are registered trademarks. All other trademarks are the property of their respective owners. Golden Mean Halves Costs of Integration Projects with Contivo 2004-11-11T15:30:00Z golden-mean-halves-costs-of-integration-projects-with-contivo Golden Mean, a Sydney-based total data management consultancy firm, today announced that it has signed an agreement with California-based Contivo, Inc., the leading provider of automated data integration solutions, to market the Contivo semantics-driven data integration solution across the Asia Pacific market. Using the Contivo Vocabulary Management Solution (VMS), organisations can reduce their integration project costs by more than 60 per cent. Contivo VMS enables this by dramatically decreasing the time and manpower required to effectively develop, implement and maintain large enterprise integration deployments. It supports the most popular middleware environments including BEA Systems, TIBCO Software and webMethods as well as native support for Java and XSLT. Contivo eliminates the problems associated with having to manually map data across application interfaces to enable connectivity between various application interfaces. With a manual process, the moment one interface or standard changes, the original code linking the interfaces must be rewritten. This constant reinvention of the wheel is not scalable, dragging out deployment times and simultaneously drives enormous recurring labour costs. Using a central metadata repository, Contivo VMS helps users to build integration maps automatically and generate the transformation code that plugs into a middleware environment, freeing up resources to focus on workflow and other design and architecture aspects. Contivo VMS enables automated discovery, mapping, modeling, code generation and simulation of the data transformation. Teams using Contivo VMS can eliminate most of the heavy manual work and laborious process of testing and preparing data transformation for the integration projects. Unlike other solutions, Contivo avoids platform lock-in and eases the transition to web services. With Contivo VMS, IT and business executives get a much greater visibility, understanding and management of the true integration points across the entire IT infrastructure. The process of integration becomes very efficient, scalable and structured, and duplication of efforts is eliminated. Half the time spent on an integration project is wasted on understanding data at a semantic level and how an interface relates to data elements in other applications within an enterprise. Contivo VMS eliminates the problem of human error which often results through the use of lengthy spreadsheets or complex graphical tools, said Greg Stevens, Managing Director for Golden Mean. We are extremely excited about Golden Means understanding and depth of experience within the integration market. Their desire to deliver leading edge solutions that save their customers money and create an environment that is significantly more scalable and reliable is impressive. Contivos solution will not only save end users time and money but the repository of semantic knowledge based on the end users business transactions will also create an asset that can be highly leveraged across the enterprise. This ensures that the integrated environment remains flexible and scalable at all times, reducing the inherent risks associated with todays integration projects said Keith Feingold, President and CEO for Contivo. Key Benefits of Contivo: * Faster Deployments: Contivo VMS facilitates the ability to integrate applications, customers and trading partners more quickly and reliably by establishing a shared view of data * Better Decision Making: Improved data quality improves the results of data-driven business decisions. The one view of data approach offers real-time information to enable meaningful decisions * Better Project Planning: Contivo VMS enables integration architectures to take a modelled approach so they can reliably predict project timeframes and accurately anticipate costs * Adaptability: Contivo VMS enables a gradual evolution of enterprise applications from their current state to future states. Code, effort and knowledge can be reused to maintain current standards * Flexibility: Business integration becomes transparent to the underlying middleware deployed, giving an organisation much greater flexibility and purchasing power * Reduced Time and Costs: As fewer links are required and integration code can be reused, the ROI is accelerated * Inter-team Coordination: Different teams, whether within or outside an organisation, can easily see and effect changes to the model, to reduce communications requirements, co-ordinate project scheduling and transform individual knowledge into team knowledge The Contivo solution is a great addition to our Total Data Management offering and we look forward to taking it to the Asia Pacific market and making a strong and positive difference to the management of integration projects, said Stevens. Contivos semantic integration solution complements Golden Means existing data intelligence, data integrity and data integration offerings and is availability immediately throughout Asia Pacific from Golden Mean. For more information about Golden Mean or Contivo, please call +61 409 907 066 or visit http://www.goldenmean.com.au. news ends Notes for Editors: About Golden Mean Pty Ltd. Sydney-based Golden Mean Pty Ltd is a systems integrator specialising in data intelligence, data integrity and data integration. Golden Mean delivers Total Data Management solutions to enterprises struggling to access all their data sources for a single company-wide view. For more information, go to www.goldenmean.com.au About Contivo. Contivo provides solutions that enable enterprises to dramatically reduce implementation and maintenance costs of enterprise-wide integration projects. Contivo provides integration architects and developers with a centrally managed repository and tools that dramatically increase leverage, bringing repeatability and parallelism to a task that was previously one-off, serial, and manual. Contivo was founded in 1998 and has forged significant relationships with strategic partners and customers, including Hewlett Packard, Agilent Technologies, Fujitsu, Hitachi, Bearing Point, and CGEY. Investors include industry leaders BEA Systems, TIBCO Software, and webMethods and investment bankers BA Venture Partners, Voyager Capital, and MSD Capital LP. Contivo is privately held and headquartered in Mountain View, CA. For more information, go to www.contivo.com. Trademarks: Contivo and Contivo Analyst are registered trademarks, and Contivo VMS is a trademark of Contivo, Inc. All other trademarks are the property of their respective owners. Golden Mean Combats Insurance and Retail Fraud 2004-11-01T17:07:00Z golden-mean-combats-insurance-and-retail-fraud Golden Mean, a Sydney-based total data management consultancy, today announced that it has signed an agreement to market the Australian-owned NetMap Analytics data analysis and intelligence tools. The NetMap tools complement Golden Means specialisation in data intelligence, data integrity and data integration and can be applied to help insurance, retail and marketing organisations combat fraud in Australia. NetMap was originally designed to help law enforcement and intelligence agencies identify complex criminal activities and compile profiles of sophisticated criminal networks but has since been applied widely across a variety of markets and applications in Australia and internationally. NetMap detects fraud, pinpoints errors, tracks inefficiencies and sources opportunities by revealing connections, links and patterns in data. The solution breaks down data to its simplest form and visually maps that data a process called NetMapping to find common links and display previously hidden and suspicious connections. Greg Stevens, Managing Director for Golden Mean, said, Insurance and retail fraud is a major drain on the Australian economy and a significant issue for these industries. Were pleased to announce the agreement with NetMap and look forward to harnessing this powerful technology to combat fraud by exposing suspicious connections between people, places, assets and many other sources. The NetMap solution is a great addition to our Total Data Management offering. Dr John Galloway, Director and Chief Scientist, NetMap Analytics said, Our partnership with Golden Mean will enable us to broaden our penetration of the Australian market by providing Golden Mean with an advanced discovery oriented technology that complements their wider data management offerings. NetMap has a successful track record in Australia having helped the NSW Police to resolve the backpacker murder case and David Jones to realise cost savings. Insurance For insurance businesses, NetMap reduces the cost of fraud, increases profit, reduces premiums, speeds-up claims processing and increases market share for insurance companies. NetMap provides insurers with a depth of knowledge that allows them to uncover complex fraud rings and elaborate schemes. The software tools draw on millions of items of data from claims, policies, payments and medical bills to identify suspicious relationships. Retail For retailers, NetMap combats both electronic and physical fraud by removing opportunities for fraud, reducing stock shrinkage and increasing net profit. Marketing NetMap enables intelligent customer segmentation and reveals hidden opportunities for organisations to gain a sustainable competitive advantage. NetMapping techniques can be used to track down prospects and opportunities hidden in a companys data. For more information about Golden Mean or NetMap Analytics, please call +61 409 907 066 or visit http://www.goldenmean.com.au ends Notes for Editors About Golden Mean Pty Ltd Sydney-based Golden Mean Pty Ltd is a systems integrator specialising in data intelligence, data integrity and data integration. Golden Mean delivers Total Data Management solutions to enterprises struggling to access all their data sources for a single company-wide view. Please visit Golden Mean at http://www.goldenmean.com.au. About NetMap Analytics Pty Limited NetMap Analytics is a privately-owned company with an international reputation for highly specialised data analysis services and state-of-the-art intelligence tools. The company has representatives around the world, with the Head Office based in Sydney, Australia. NetMap Analytics was the brainchild of Dr John Galloway who invented the science of Netmapping. NetMap Analytics has developed specialty solutions for the insurance, retail, corporate and government, crime investigation and marketing industries. Please visit NetMap Analytics at http://www.netmapanalytics.com.au New CEO Dashboard Simplifies Corporate Governance 2004-06-23T20:23:00Z new-ceo-dashboard-simplifies-corporate-governance Australian start-up and Total Data Management consultancy Golden Mean, today announced the release of its Australian CEO Dashboard business pack, designed to empower chief executives and other decision makers with tools to simplify corporate governance. The CEO Dashboard has been specifically engineered to help enterprises to: 1) Make timely and balanced disclosure 2) Recognise and manage risk 3) Enhance corporate performance Based on proven technology from Washington DC-based vendor Celcorp, the Australian CEO Dashboard uses intelligent systems and planning to automate real-time access to data wherever it resides ? in legacy systems; disparate, business unit-specific applications; and external systems of suppliers and partners. With the CEO Dashboard, chief executives, board members and other decision leaders can benefit from real-time, fingertip access to key business metrics including sales data, enterprise-wide finances, employee leave entitlements, risk analysis, ASX feeds, partners systems and competitors? websites. Using standard business metrics and with no modifications of existing systems, Golden Mean can deliver a CEO Dashboard within 90 days to give a complete company view, protecting valuable application investments and eliminating costly long-term integration projects that most often fail to meet expectations. The CEO Dashboard allows for implementation without any changes to existing data structures or user interfaces and is adaptive to future changes in both business processes and the systems being integrated. The solution also offers high levels of technology re-use for other applications. At executive teams? discretion, information from the CEO Dashboard can be made available to decision makers, business partners and other stakeholders including investors. ?Increasingly strict corporate governance standards, such as Sarbanes-Oxley, are driving executive teams to despair as they strive to develop transparent decision making and reporting processes,? said Golden Mean?s co-founder and managing director, Greg Stevens. ?In corporate environments data can reside anywhere ? inside databases, on intranets and websites, within applications and other systems ? and the critical issue for businesses has been accessing all that data in a timely and cost-efficient way and then tying it all together at a single source. ?Unlike ERP, financials, CRM, business intelligence or middleware systems, the CEO Dashboard can connect to any data source and then automatically deliver and update this information to the dashboard in real-time. This ensures executives have access to a single version of the truth while keeping a finger on the pulse of business activity,? Stevens continued. The CEO Dashboard, developed by Golden Mean, has been designed specifically with executive teams in mind, not IT departments. According to Stevens, ?The dashboard is simple to use and can be easily customised by executives from the presentation or desktop layer ? avoiding the need for programming at the data or application levels?. The technology underpinning the CEO Dashboard is currently delivering measurable results for a number of Fortune 500 and FTSE 100 companies, including CIT Group, Intercontinental Hotel Group, Parker Hannifin, Walt Disney Co., Lockheed Martin, BP Exploration, NBC, Motorola and Verizon. ends Notes for Editors Sydney-based Golden Mean Pty Ltd is a systems integrator specialising in data intelligence, data integrity and data integration. Golden Mean delivers Total Data Management solutions to enterprises struggling to access all their data sources for a single company-wide view. Golden Mean has developed business packs that help executive teams simplify their corporate governance processes while maintaining a finger on the pulse of real-time business activity. Please visit Golden Mean at: http://www.goldenmean.com.au New CEO Dashboard Simplifies Corporate Governance 2004-06-23T15:23:00Z new-ceo-dashboard-simplifies-corporate-governance-1 Australian start-up and Total Data Management consultancy Golden Mean, today announced the release of its Australian CEO Dashboard business pack, designed to empower chief executives and other decision makers with tools to simplify corporate governance. The CEO Dashboard has been specifically engineered to help enterprises to: 1) Make timely and balanced disclosure 2) Recognise and manage risk 3) Enhance corporate performance Based on proven technology from Washington DC-based vendor Celcorp, the Australian CEO Dashboard uses intelligent systems and planning to automate real-time access to data wherever it resides ? in legacy systems; disparate, business unit-specific applications; and external systems of suppliers and partners. With the CEO Dashboard, chief executives, board members and other decision leaders can benefit from real-time, fingertip access to key business metrics including sales data, enterprise-wide finances, employee leave entitlements, risk analysis, ASX feeds, partners systems and competitors? websites. Using standard business metrics and with no modifications of existing systems, Golden Mean can deliver a CEO Dashboard within 90 days to give a complete company view, protecting valuable application investments and eliminating costly long-term integration projects that most often fail to meet expectations. The CEO Dashboard allows for implementation without any changes to existing data structures or user interfaces and is adaptive to future changes in both business processes and the systems being integrated. The solution also offers high levels of technology re-use for other applications. At executive teams? discretion, information from the CEO Dashboard can be made available to decision makers, business partners and other stakeholders including investors. ?Increasingly strict corporate governance standards, such as Sarbanes-Oxley, are driving executive teams to despair as they strive to develop transparent decision making and reporting processes,? said Golden Mean?s co-founder and managing director, Greg Stevens. ?In corporate environments data can reside anywhere ? inside databases, on intranets and websites, within applications and other systems ? and the critical issue for businesses has been accessing all that data in a timely and cost-efficient way and then tying it all together at a single source. ?Unlike ERP, financials, CRM, business intelligence or middleware systems, the CEO Dashboard can connect to any data source and then automatically deliver and update this information to the dashboard in real-time. This ensures executives have access to a single version of the truth while keeping a finger on the pulse of business activity,? Stevens continued. The CEO Dashboard, developed by Golden Mean, has been designed specifically with executive teams in mind, not IT departments. According to Stevens, ?The dashboard is simple to use and can be easily customised by executives from the presentation or desktop layer ? avoiding the need for programming at the data or application levels?. The technology underpinning the CEO Dashboard is currently delivering measurable results for a number of Fortune 500 and FTSE 100 companies, including CIT Group, Intercontinental Hotel Group, Parker Hannifin, Walt Disney Co., Lockheed Martin, BP Exploration, NBC, Motorola and Verizon. ends Notes for Editors: Sydney-based Golden Mean Pty Ltd is a systems integrator specialising in data intelligence, data integrity and data integration. Golden Mean delivers Total Data Management solutions to enterprises struggling to access all their data sources for a single company-wide view. Golden Mean has developed business packs that help executive teams simplify their corporate governance processes while maintaining a finger on the pulse of real-time business activity. Please visit Golden Mean at: http://www.goldenmean.com.au New CEO Dashboard Simplifies Corporate Governance 2004-06-23T13:42:00Z new-ceo-dashboard-simplifies-corporate-governance-2 Australian start-up and Total Data Management consultancy Golden Mean, today announced the release of its Australian CEO Dashboard business pack, designed to empower chief executives and other decision makers with tools to simplify corporate governance. The CEO Dashboard has been specifically engineered to help enterprises to: 1) Make timely and balanced disclosure 2) Recognise and manage risk 3) Enhance corporate performance Based on proven technology from Washington DC-based vendor Celcorp, the Australian CEO Dashboard uses intelligent systems and planning to automate real-time access to data wherever it resides ? in legacy systems; disparate, business unit-specific applications; and external systems of suppliers and partners. With the CEO Dashboard, chief executives, board members and other decision leaders can benefit from real-time, fingertip access to key business metrics including sales data, enterprise-wide finances, employee leave entitlements, risk analysis, ASX feeds, partners systems and competitors? websites. Using standard business metrics and with no modifications of existing systems, Golden Mean can deliver a CEO Dashboard within 90 days to give a complete company view, protecting valuable application investments and eliminating costly long-term integration projects that most often fail to meet expectations. The CEO Dashboard allows for implementation without any changes to existing data structures or user interfaces and is adaptive to future changes in both business processes and the systems being integrated. The solution also offers high levels of technology re-use for other applications. At executive teams? discretion, information from the CEO Dashboard can be made available to decision makers, business partners and other stakeholders including investors. ?Increasingly strict corporate governance standards, such as Sarbanes-Oxley, are driving executive teams to despair as they strive to develop transparent decision making and reporting processes,? said Golden Mean?s co-founder and managing director, Greg Stevens. ?In corporate environments data can reside anywhere ? inside databases, on intranets and websites, within applications and other systems ? and the critical issue for businesses has been accessing all that data in a timely and cost-efficient way and then tying it all together at a single source. ?Unlike ERP, financials, CRM, business intelligence or middleware systems, the CEO Dashboard can connect to any data source and then automatically deliver and update this information to the dashboard in real-time. This ensures executives have access to a single version of the truth while keeping a finger on the pulse of business activity,? Stevens continued. The CEO Dashboard, developed by Golden Mean, has been designed specifically with executive teams in mind, not IT departments. According to Stevens, ?The dashboard is simple to use and can be easily customised by executives from the presentation or desktop layer ? avoiding the need for programming at the data or application levels?. The technology underpinning the CEO Dashboard is currently delivering measurable results for a number of Fortune 500 and FTSE 100 companies, including CIT Group, Intercontinental Hotel Group, Parker Hannifin, Walt Disney Co., Lockheed Martin, BP Exploration, NBC, Motorola and Verizon. ends Notes for Editors: Sydney-based Golden Mean Pty Ltd is a systems integrator specialising in data intelligence, data integrity and data integration. Golden Mean delivers Total Data Management solutions to enterprises struggling to access all their data sources for a single company-wide view. Golden Mean has developed business packs that help executive teams simplify their corporate governance processes while maintaining a finger on the pulse of real-time business activity. Please visit Golden Mean at: http://www.goldenmean.com.au