Qognify wins at Retail Risk 2022 Awards

PEARL RIVER, N.Y. – Incident data management company Qognify and their physical security solutions have taken home accolades from the Retail Risk 2022 Fraud Awards.

Qognify have been recognized for their efforts in video and enterprise incident management solutions and won for its work with Data Installation & Supplies Ltd. In providing Business Video Intelligence (BVI) to a large multinational clothing retailer. The pair of companies were recognized in the Most Innovative Retail Risk Management Cross-Functional or Supply Chain Solution category.

Winners for the category needed to demonstrate an innovative product, service or solution that has risk and loss prevention benefits (but is strictly outside of profit protection). Other factors considered by judges include innovations that, “…reduce shrink in either physical aspects of driver, vehicle, site security or in managing the complexities of delivery and replenishment fulfillment.”

“The Qognify BVI solution is capturing the attention of medium and large national and multinational retailers for its ability to connect the dots between previously disparate systems, and in doing so deliver meaningful insights that can be used for criminal investigation and prevention, whilst also improving logistics and operational performance.” Said Christy Bauswell, Director of Retail & Banking at Qognify.

Qognify BVI works to support a retailers loss prevention team providing an efficient return on investment and reducing fraudulent claims Qognify says. It combines video footage from customers video management systems (VMS) and transaction data from IT systems to create a “new-level of information” that can be used in better prosecuting crime.

“The Qognify team is proud that this innovative project has been recognized with a Fraud Award 2022.” Said UK & Ireland Channel Sales Manager at Qognify, Nigel Austin. “Together we are demonstrating to other retailers around the world, how to harness the power of video.”

More about Qognify’s services can be found at www.qognify.com.