SunGard has extended its Ambit global banking solution suite to include new anti-money laundering (AML) functionality. Building on Ambit’s core banking offering, the new solution – Ambit Anti-Money Laundering – will provide a detection and compliance platform that offers watch-list checking, Know Your Customer (KYC), unusual behavior detection and case management. Banks today require standard AML programmes that check customer and wire names against sanctions and ‘risk’ watch lists, alerting compliance officers to unusual transactions. As a result of the large number of names, accounts and transactions, and variations in the nature of unusual transactions, cost-effective automated tools are increasingly required by institutions for compliance. Ambit Anti-Money Laundering, which is part of Ambit’s risk management and compliance suite, will provide banks with watch-list checking, comprehensive monitoring of transactions and accounts to generate scored alerts, and case management facilities to help detect, pro-actively investigate and report on suspected money laundering activities. Providing implementation flexibility, the solution can be delivered as an installed application or in a hosted environment – a method that will help lower the total cost of ownership for small institutions.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.