Verint Enhances Its Identity Authentication Offering

PRESS RELEASE

July 14, 2015 08:30 AM Eastern Daylight Time

MELVILLE, N.Y.--Verint® Systems Inc. (NASDAQ: VRNT) today announced advancements to its identity authentication and fraud detection solution that are designed to provide a faster and more seamless approach to customer identity authentication, and safer and more secure sales/service environments.

Customer experience and engagement are key differentiators for organizations when it comes to branding, repeat business and loyalty. That’s why today’s forward-thinking customer engagement professionals are placing a premium on efficient, effective sales and service delivery in their contact centers and beyond.

Protecting Customers, and Reducing Customer Effort and Cost

Leveraging the advanced capabilities of Verint Identity Authentication and Fraud Detection™, organizations can simplify the experience when it comes to validating legitimate customers’ identities by easily and securely authenticating them based on their own unique voiceprints. This approach helps protect customers and eliminate the need for multiple layers of security questions—reducing time and customer frustration, and enabling organizations to move swiftly into addressing the reason the customer contacted them in the first place: to ask a question, resolve an issue, place an order or address a service requirement.

By minimizing customer effort, the solution also enables more efficient and effective end-to-end experiences between customers and the organizations they entrust their business to. And for organizations, this translates into more efficient and cost-effective interactions, both in terms of reduced call costs, and the potential damage associated with financial loss, time-consuming recovery efforts, credit damage to customers, and harm to brand reputation.

Identity Authentication as Part of a Broader Customer Engagement Strategy

Verint Identity Authentication and Fraud Detection is more than a tactical solution. The solution is embedded in the company’s broader customer engagement optimization portfolio. It can be easily enabled to provide immediate added security to existing Verint call recording environments, or be installed separately as a strategic advancement to existing engagement center environments.

As part of the portfolio, it features unification and workflow with Verint Desktop and Process Analytics™ to help identify and authenticate customers and provide the relevant guidance to employees as part of their engagements. Depending on where employees are in the customer engagement process, desktop and process analytics can provide specific next-best action guidance based on identity matching scores. By leveraging other solutions, such as Verint Speech Analytics™, organizations can detect, analyze and act on rising trends, opportunities and anomalies. Together, these solutions provide a comprehensive package to help reduce risk, while heightening customer loyalty.

“Verint continues to build on its history serving the financial services industry with successful and effective identity authentication and fraud detection deployments. By extending that expertise across industries where identity theft protection and speed of authentication are critical to the customer experience, we’re helping organizations achieve their authentication objectives, reduce customer effort, enhance experiences and reduce call handle time, which can equate to large annual savings,” explains Nancy Treaster, senior vice president and general manager, strategic operations, Verint Enterprise Intelligence Solutions™. “These capabilities are a logical extension to Verint's customer engagement optimization solutions that are designed to drive smarter interactions.”

To learn more about the latest enhancements to Verint Identity Authentication and Fraud Detection, which became available in January 2015, and the extended Verint Customer Engagement Optimization™ portfolio, click here.

About Verint Systems Inc.

Verint® is a global leader in Actionable Intelligence®, which has become a necessity in a dynamic world of massive information growth. By empowering organizations with crucial insights, Verint solutions enable decision makers to anticipate, respond and take action, and make more informed, effective and timely decisions. Our solutions are designed to address three important areas of the actionable intelligence market: customer engagement optimization; security intelligence; and fraud, risk and compliance. Verint’s vision is to create A Smarter World with Actionable Intelligence®, and today, more than 10,000 organizations in over 180 countries—including over 80 percent of the Fortune 100—already benefit from this vision. Learn more at www.verint.com and NASDAQ: VRNT.

This press release contains "forward-looking statements," including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2015, our Quarterly Report on Form 10-Q for the quarter ended April 30, 2015, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

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