ING Bank of the Netherlands has signed a contract for the worldwide installation of NetEconomy's Erase Compliance Manager anti-money laundering software.
The first deployment of the software was completed at ING Luxembourg earlier this year.
Klaas de Wit, senior compliance officer of ING Bank, says: "We extensively investigated the anti-money laundering software tools available, even though Erase was already successfully running at ING Romania, Curacao (Dutch Antilles) and The Netherlands. The results have given us the assurance and confidence we need, to proceed with NetEconomy and to extend Erase across our banking institutions worldwide."
Belgium and Poland are next in line to go live, followed by France and New York.
At ING, the package is being installed on Windows Server and SQL Server with Microsoft participating in the global roll-out.