Korea Exchange Bank has purchased the Mantas anti-money laundering solution. The AML solution was required to meet upcoming Korean AML regulations as well as enable the bank to expand its international business in Asia, Europe and the US. In addition to Korea Exchange Bank, Mantas has seen an increase in new AML customers including FirstBank of Nigeria and Habib Bank in Pakistan. Mantas Anti-Money Laundering mitigates risk with enterprise-wide surveillance of customer, account and transaction information to alert supervisors of suspicious behaviour. The vendor claims that the system’s ability to analyze every transaction and generate risk-based alerts of suspected money laundering activities allows compliance officers to distinguish fraudulent from legitimate transactions.
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.