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.’
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.