BAE Systems has received a contract to help NFU Mutual develop a system for the insurance company to protect customers against fraud and financial crimes.
The partnership seeks to utilize external and internal data sources to identify fraudsters at the point of sale, BAE said Friday.
Work under the contract is scheduled to begin in 2017.
“We will be working with NFU Mutual to help it deliver on its zero tolerance approach to fraud and financial crime by implementing faster and more accurate fraud detection,” said George Robbins, vice president of commercial solutions in Europe, the Middle East and Africa at BAE’ applied intelligence business.
“By consolidating NFU Mutual's operations into a single group fraud and financial crime platform we can improve controls on financial crime and fraud detection.”