OTP Bank, the largest bank in Hungary, has selected Norkom’s anti-money laundering (AML) and watch list management (WLM) solutions in an effort to comply with the 3rd EU Money Laundering Directive.
The implementation of Norkom’s AML and WLM solutions represents a significant upgrade of the bank’s incumbent AML technologies, replacing a system that was developed internally.
Gabor Kanyo, head of the compliance operations department with OTP Bank, said: “Norkom was an easy and logical choice for us due to its vast experience in implementing best-of-breed financial crime and compliance solutions for some of the largest financial institutions in the world, a reputation that is supported by a highly reference-able client base and a dominant position in central and eastern Europe.”
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
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