31st January 2011
Westminster Group Plc:
Distribution rights for Identity Fraud software
Westminster Group Plc ('Westminster' or 'the Group'), the AIM listed supplier of system solutions and products to the security, defence, fire protection and safety markets worldwide, is pleased to announce that it has secured distribution rights in the UK and the Middle East for the Infoglide's (www.infoglide.com) identity resolution products.
Infoglide's identity resolution technology searches, matches and links entities across multiple, disparate data sources using over 50 algorithms, many of which are attribute specific. It resolves identities from multiple records and uncovers links between entities despite variations and errors in data as well as bad actors' intentional efforts to manipulate data to avoid detection. The software draws attention to misrepresented identities, suspicious relationships and criminal connections.
Markets for these products include banking, transport & travel, government, law enforcement and insurance, where it is used primarily for detection of fraud, risk, and criminal activities.
Most notably the software has secured praise for its success in identifying & minimising passenger screening risks faced by the US Transport Security Administration which is responsible for the safety of all US domestic flights. Other applications include financial fraud detection, anti-money laundering, insurance fraud detection, insider trading detection, retail fraud detection, lottery fraud detection and compliance.
Westminster International has an extensive distribution network through its international agents. It expects the product to be popular with national security agencies across the Middle East in particular.
Commenting on the agreement, Shires Crichton, Sales Director at Westminster International said:
"These products have a very wide range of applications from seemingly harmless white collar crime right across the spectrum to very serious terrorist threats. The ability to detect those who are intent on pursuing criminal activities at an early stage saves significant cost and, potentially, innocent people's lives.
"Infoglide products draw information from a very wide range of sources to cross reference personal details making them very effective at acting as an early warning system for high profile organisations. This has changed the landscape in the battle against criminals. There has always been a host of data however using it effectively has been the challenge. Infoglide has made this achievable."
Enquiries:
Peter Fowler 01295 756 300
Chief Executive - Westminster Group Plc
Nicholas Mearing-Smith 01295 756 300
Finance Director - Westminster Group Plc
Alex Clarkson 0161 831 1512
Nick Cowles
Zeus Capital Limited - Nominated Adviser
John Grant / Karen Kelly 020 7101 7070
XCAP Securities PLC - Broker
Tom Cooper/Paul Vann 020 3176 4722
Winningtons Financial 0797 122 1972
Notes:
Westminster Group plc is a leader in the supply of system solutions and products to the security, defence, fire protection and safety markets worldwide.
Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions, risk assessments and close protection services. These can range from product only assignments, such as the supply of specialised scanners, to the design and implementation of an integrated system solution such as a border detection and surveillance system. The majority of its customer base, by value, comprises governments and government agencies, non governmental organisations and blue chip commercial organisations.
For further information please visit www.wg-plc.com