Fundtech has launched AML Manager to provide financial institutions with an enterprise-wide system delivering automated compliance with international banking regulations related to anti-money laundering. AML Manager integrates three components: OFAC Module, Suspicious Activity Module and Know-Your-Customer Module. Together these components enable financial institutions to detect, analyse and report suspicious activities transacted by their customers, and can automatically file the necessary reports with the various regulatory agencies, according to the organisation. Currently many financial institutions have multiple compliance systems that are incompatible and inefficient, said Fundtech. AML Manager is designed to be a single compliance platform for the entire enterprise, providing consistent enforcement and operating efficiencies.
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