Stockholm-based bank, Handelsbanken, has signed up for TietoEnator’s financial sanctions tool, ProScan, for the purpose of scanning and filtering transactions and customer records on terrorist financing activities. “Ensuring compliance with international and domestic regulations to identify suspect payment transactions and customer records has been given very high attention and priority in our bank”, says Lars Herslöf, product manager, cross-border payments, Handelsbanken. “We will start using ProScan to scan online payment transactions to and from the bank. We will also, in the near future, continue with scanning of our customer records on a regular basis. Initially we will implement ProScan for the Swedish transactions, but the solution will allow Handelsbanken to add scanning for our foreign branches as well.” The first phase delivery in June 2005 will cover functions for watch list updates and on-line/real-time scanning of Swift payments. The second phase delivery in September 2005 will cover remaining functions for scanning of customer records and online web-queries.
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