Arab Bank network adopts advanced compliance technology

Advertising

Arab Bank network adopts advanced compliance technology
24th June 2008
By Staff Writer
Fortent, a provider of risk and compliance solutions, has announced that Arab Bank has implemented its anti-money laundering solution throughout the bank's European and Levant operations, with work underway to introduce the system across its remaining branches in the Gulf, Asia Pacific, Australia, and North Africa.


COMPANIES MENTIONED
No companies foundWHITE PAPERS
Under the Hood ...View Article


How senior Vodafone staff access BlackBerry service at all times with rapid disaster recovery ...View Article


Customer Relationship Management E-Zine ...View Article


Virtualisation and Disk Performance ...View Article


Achieve Business Process Analysis Success by Creating a Modeling Environment for Everyone ...View Article


Guide to Continuous Availability for Mission-Critical Applications in a Virtualised Environment ... View Article



Jordan-based Arab Bank will implement Fortent's advanced AML technology to monitor transactions in the institution's 400 branches spanning 29 countries and five continents.

Fortent AML is an end-to-end solution - a business intelligence system that incorporates not only AML monitoring, but also know your customer and enhanced due diligence detection as well as comprehensive case management.

Robert Binney, vice chairman of Fortent, said: "As one of the most esteemed financial institutions in the Middle East, maintaining the largest Arab banking branch network worldwide, the Arab Bank continues to fortify its AML defenses and lead the region in establishing an increasingly advanced compliance practice."