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Monday 5th July 2004
Accurate Software today announced that iGlobalMedia, one of the world's leading e-gaming companies which runs sites such as PartyPoker.com and StarluckCasino.com, has implemented its Operational Risk Management solution, Accurate NXG. The solution enables iGlobalMedia to automate the reconciliation of all customer deposits and withdrawals against its global gaming systems. Accurate NXG will also enable iGlobalMedia to speed up processing times, identify anomalies more quickly and reduce exposure to operational risk.
Built on the four core competencies of reconciliation, exception management, workflow and business intelligence, Accurate NXG will enable iGlobalMedia to reconcile larger volumes than were previously feasible in a manual environment. In addition, the faster identification of discrepancies will help iGlobalMedia to resolve errors much more quickly and deliver better customer service. Accurate NXG will also provide a complete audit trail of all transactions - essential for companies such as iGlobalMedia which need to be able to demonstrate maximum transparency in an industry that is highly regulated.
Accurate NXG went live in January 2004 and will be used by the iGlobalMedia payments and finance team in Gibraltar. Users will also be equipped with Accurate NXG's business intelligence Dashboard enabling them to monitor trends and cashflows, and improve overall cash management across the
company.
Alfred Ballester, managing director, iGlobalMedia, said: 'We were looking for an Operational Risk Management solution to help us increase efficiency and manage our exposure to risk. Given our global customer base we also
needed a solution that could handle multiple currencies, and was scalable and flexible to expand with us as our business grows. Accurate impressed us from the outset with an excellent understanding of our business requirements. We were also excited by Accurate NXG's Driver Generator
capability - which enables us to interface to a electronic banking system, payment service provider or credit card processor.'
Philip Hall, chairman and co-chief executive officer, Accurate Software, said: 'Gaming firms such as iGlobalMedia need the ability to handle high transaction volumes, manage risk, be alert to potential fraud and cope with increased regulatory pressure. Accurate NXG offers all of these
capabilities as well as the flexibility and scalability to handle increased transaction volumes in line with business growth.'
For further information please contact
Jenny Taylor
Write Image Limited
Tel: +44 (0)20 7959 5526
Fax: +44 (0)20 7959 5499
Email: jenny@write-image.co.uk
Irene Mulkeen
Accurate Software Limited
Tel: +44 (0)118 989 8553
Fax: +44 (0)118 977 1260
Email: irene.mulkeen@accuratesoftware.com
About Accurate Software
Accurate Software (www.accuratesoftware.com) specialises in Operational Risk Management. Accurate's unique approach to controlling risk and maximising efficiency is built on our core competencies of reconciliation, exception management, workflow and business intelligence.
Accurate's worldwide presence extends throughout Europe, North America, Africa and Australasia. Major financial organisations around the world have benefited from our combination of expertise and flexible technology.
Clients include Barclays Stockbrokers, BP Retail, British Airways, Citibank, Marks & Spencer, Philips, Royal Bank of Scotland, Skandia and Tesco.
Accurate's solutions help clients to increase Straight Through Processing (STP), cut costs, reduce operational losses, and improve financial performance.
About iGlobalMedia
iGlobalMedia is a leading e-gaming company, which owns a number of online poker, casino and bingo brands. Its sites include PartyPoker.com, far and away the world's largest online poker room; Starluck Casino Online, a trusted casino since 1997; and PartyBingo.com, launched in August 2003. For
further information visit: www.iglobalmedia.com.
Source: OnlineCasinoNews
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