Dexia to Employ NetEconomy’s AML Solution

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.’


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