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.
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