Fortent has announced the release of a new version of the company’s anti-money laundering technology. This latest offering expands the global reach of Fortent’s risk and compliance solutions by adding Japanese, Spanish and Arabic language capabilities to the Fortent platform. The company claims that the system streamlines the financial crime investigation process for banks, securities firms, and insurance companies, as well as providing deeper profiling of correspondent banking accounts. Responding to heightened regulatory interest in correspondent banking, Fortent has enhanced the monitoring of correspondent banking accounts around the world. With US and international policy-makers – such as the Financial Action Task Force (FATF) and the European Union – imposing tougher ‘Know Your Customer’ standards for banks, the latest version of the solution automatically drills down to collect and organise more granular information about individual parties to transactions, making the process transparent.
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