23 May 2017
Visit EBAday.com

Dexia Private Bank Switzerland fights money laundering with NetEconomy

18 June 2003  |  5676 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  |  4077 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsVisit www.capgemini.com/worldreportsvisit www.response.ncr.com

Top topics

Most viewed Most shared
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8723 views comments | 28 tweets | 35 linkedin
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
8690 views comments | 27 tweets | 27 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
8439 views comments | 22 tweets | 31 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
8433 views comments | 21 tweets | 24 linkedin
DrnkPay app blocks credit cards if you've had too much to drinkDrnkPay app blocks credit cards if you've...
7457 views comments | 14 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job