26 November 2015

Fundtech onboards customers to new compliance tool

20 March 2014  |  971 views  |  0 Source: Fundtech

Fundtech, a market leader in global transaction banking solutions, today announces that it has onboarded 20 of its financial messaging service bureau customers to its new compliance solution, Global Compliance Plus.

Global Compliance Plus reduces the costly 'false positives' associated with anti-money laundering compliance by ensuring that messages that have already passed scrutiny are not re-checked; that messages are only filtered through the appropriate national or international lists; and that fields for matching can be set to varying degrees of specificity, allowing banks to be as selective or as broad in their criteria as they would like. The solution simplifies and automates the bank's compliance processes, ultimately lowering associated costs and reducing operational risk. Global Compliance Plus can be used as a stand-alone, in-house compliance filtering solution or integrated with Fundtech's global payments and global cash management solutions. The compliance solution can also be delivered through a SaaS model, further reducing risk and saving banks time and money.

"Last September, Fundtech announced the launch of Global Messaging Plus, our new financial messaging platform, and Global Compliance Plus, the new compliance filtering solution, which was built on the platform," says Per Trifunovic, CEO of Fundtech's BBP business unit. "At that time, we also announced our first 'go-live' on Global Compliance Plus. Today, we reach a milestone in bringing 20 customers live, significantly enabling them to avoid false positives, achieve compliance, and save time and money. We look forward to continuing this momentum and delivering this solution to more customers." 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

Your browser is unable to support Flash files.

Who is commenting?

Top topics

Most viewed Most shared
MIT to run fintech degree course
9066 views comments | 35 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
8029 views comments | 16 tweets | 21 linkedin
UK banks hardest hit by non-bank money tra...
7865 views comments | 27 tweets | 30 linkedin
Apple Pay users given a free ride in Londo...
7859 views comments | 21 tweets | 29 linkedin
BBVA buys 29.5% stake in Atom for £45...
6870 views comments | 33 tweets | 40 linkedin

Featured job

to USD $130K base, double OTE
New York City, NY

Find your next job