TEMENOS and Mantas have announced their alliance to provide compliance solutions to the global financial market. Through this link-up the companies plan to offer solutions to firms ranging from global tier one institutions, to small regional banks. The companies will offer a suite of compliance applications, including anti-money laundering, fraud detection, trading compliance, broker compliance and mutual fund trading solutions. Darren Innes, EVP of EMEA for Mantas, commented: “Automated compliance solutions are becoming an essential tool in financial institutions of all sizes. Now there is no reason why small- and medium-sized firms should be barred from the most sophisticated compliance technology available simply due to cost. This partnership substantially lowers the solution’s total cost of ownership, or in other words, the total cost of compliance.”
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