Israeli digital recording firm Nice has acquired anti-money laundering outfit Fortent for $73.5 million in cash.
Fortent, a provider of risk and compliance technology and information, today announced that Mitsubishi UFJ Trust and Banking Corporation (President: Kinya Okauchi), a major wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (President & CEO: Nobuo Kuroyanagi), has selected the Fortent Monitor anti-money laundering software for the firm's Japanese domestic operations.
Fortent today announced the introduction of Fortent Connect, a solution designed to help mid-sized financial institutions fight crime and manage regulatory compliance.
As the financial sector seeks to contain risk and rising compliance costs in the wake of unprecedented industry pressures, Fortent today announced it has joined the IBM Software as a Service (SaaS) Specialty to deliver new anti-money laundering (AML), Know Your Customer (KYC) and fraud systems as cloud services to leading large-and mid-sized financial institutions around the world.
A new tool for streamlining and automating financial crimes investigations gives financial institutions a centralized view of suspicious customer behavior, Fortent announced today with the launch of its Fortent Investigate product.
Risk and compliance specialist Fortent announced today that Republic Bank Limited, a leading Caribbean financial services group, has selected Fortent's complete financial crimes and anti-money laundering (AML) technology solution including transaction monitoring, Know Your Customer (KYC) and case management for implementation throughout the bank's operations.
New payment methods, identity theft and Eastern Europe are identified by senior anti-money laundering and compliance professionals as the biggest emerging threats to the financial sector, according to a survey conducted by risk outfit Fortent.
The latest customer due diligence technology just released by Fortent helps banks, brokerages, credit unions, and insurance companies take on the #1 concern faced by financial firms today: cutting costs.
Jordan-based Arab Bank is implementing anti-money laundering (AML) technology developed by US risk and compliance systems vendor Fortent across its global operations.
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