20 September 2017
Visit http://response.ncr.com

Dexia Private Bank Switzerland fights money laundering with NetEconomy

18 June 2003  |  5776 views  |  0 Dexia Private Bank Switzerland fights money laundering with NetEconomy

Dexia Private Bank Switzerland (DPBS) has deployed NetEconomy's risk management software Erase to detect suspicious transactions and money laundering activity across the enterprise.

Erase profiles financial behaviour by monitoring transaction streams and other customer data, providing a comprehensive view of all customer activity.

Alfons Widmer, vice chairman, executive board, Dexia Private Bank Switzerland, says: "We chose NetEconomy's Erase because it most closely matched our Know Your Customer (KYC) and internal anti-money laundering (AML) requirements."

This latest deployment is part of Dexia Group's Europe-wide roll out of Erase. The group's Luxembourg branch, Dexia Bil has been operational with the software since December 2002 and implementations at branches and subsidiaries in London, Singapore, Monaco and Paris are to follow.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Dexia BIL outsources global proxy services operations to ADP

Dexia BIL outsources global proxy services operations to ADP

28 April 2003  |  4190 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.vasco.comdownload the paper now

Who is commenting?

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
10921 views comments | 24 tweets | 39 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10392 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9198 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7680 views comments | 5 tweets | 4 linkedin
ING moves into digital wealth management with Scalable CapitalING moves into digital wealth management w...
7502 views comments | 14 tweets | 15 linkedin

Featured job

A minimum of £200K (not a limiting factor)
London

Find your next job