France's Banque Populaire has rolled out anti-money laundering technology from Dublin-based Norkom to help it meet EU regulations.
The technology has been deployed across Banque Populaire's 17 retail banking operations in France, with a subsequent rollout planned for a further seven entities.
Norkom says its system enables Banque Populaire to monitor, detect, investigate and report on suspicious activities or unusual behaviour across all operations and business lines as well as to comply with the 3rd EU Money Laundering Directive.
David Hotte, head, financial security, Banque Populaire, says: "We appreciate the benefits of deploying a single technology infrastructure across the enterprise for the risk-based management of our business, in an effort to enhance our overall compliance and improve our defences against financial crime of all types."