19 February 2017
Visit EBAday.com

Dexia Private Bank Switzerland fights money laundering with NetEconomy

18 June 2003  |  5617 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  |  4013 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit Yelloco.co.ukvisit dh.com

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
14002 views 11 comments | 48 tweets | 81 linkedin
Nesta launches £5 million Open API challengeNesta launches £5 million Open API ch...
10035 views comments | 21 tweets | 18 linkedin
Jaguar embeds payments into digital dashboardJaguar embeds payments into digital dashbo...
9410 views comments | 48 tweets | 55 linkedin
The fintech effect: Banks buy in to benefits of boosting financial well-beingThe fintech effect: Banks buy in to benefi...
8810 views comments | 15 tweets | 11 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
7532 views comments | 16 tweets | 12 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job