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.
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