This is the first implementation of HotScan delivered through an application service provider (ASP) delivery model.

RTM provides an extranet for the Brazilian financial market, connecting more than 500 financial institutions in a single operational environment. With the introduction of the CTF regulation, the Brazilian financial market required an anti-money laundering (AML) solution that supports time-critical activities and fully integrates with Swift. After a two year selection process and a competitive tender, RTM selected Logica and its Swift-certified HotScan software.

This strategic alliance will allow RTM to host HotScan in its data centres and provide a sanctions filtering service to its financial institution customers in Brazil.

Adriane dos Santos Rego, marketing director at RTM, says: "Through our partnership with Logica, we can help Brazilian institutions address increasingly tough market demands to drive down risk and better support their growth plans with a scalable solution. With regulatory pressure mounting, the need for a fully automated payments filtering system will further increase and we therefore expect strong uptake of HotScan as a service from these banks."

RTM says that currently many banks use in-house systems or products developed by small companies in Brazil that no longer fulfil their expanding payments filtering needs. It selected HotScan because it can scale to handle increasing payment volumes and meets international regulatory requirements. In addition, Logica claims that the filter's intuitive, self-learning nature further allows banks to cut operational costs by reducing the volume of manual cheques due to its very low false positive rates.