Dexia Private Bank Switzerland has selected NetEconomy’s ERASE software to detect suspicious transactions and deter money laundering activity. DPBS is part of a roll-out across Europe, with an initial implementation, operational since December 2002, at Dexia BIL based in Luxembourg. ERASE uses statistical analysis and database technology to continuously profile all aspects of an electronic business. The solution concentrates on ‘electronic fingerprints’ based upon all transaction streams and other critical customer data. Said the company: ‘Because unusual or suspicious activity is detected immediately, risk management personnel can focus on high-risk behaviour that indicates money laundering or fraud.’
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more