25 February 2018
visit www.ebaday.com

Citigroup to install Mantas money laundering system

04 December 2001  |  6830 views  |  0 Citigroup to install Mantas money laundering system

Citigroup has signed a multi-year agreement with Virginia-based Mantas for the implementation and maintenance of a new money laundering detection system.

The vendor is working with CitiGroup to develop proprietary money laundering scenarios to detect suspicious behaviour. Mantas' software incorporates both detection and discovery algorithms that enable detection of relevant transactions.

The bank will be able to identify previously unknown patterns of suspicous transactions based on discovery algorithms which use machine-learning techniques, says the vendor. The system will also provide the workflow capabilities to enable firms to manage the process monitoring millions of transactions and accounts on a daily basis.

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

Bank of Scotland tackles money laundering

Bank of Scotland tackles money laundering

28 November 2001  |  3490 views  |  0 comments
Three banks sign for Americas' anti-money laundering package

Three banks sign for Americas' anti-money laundering package

27 November 2001  |  3164 views  |  0 comments
Cybercrime real threat to corporates

Cybercrime real threat to corporates

23 November 2001  |  3711 views  |  0 comments
UK government funds research to tackle cybercrime

UK government funds research to tackle cybercrime

22 November 2001  |  4072 views  |  0 comments
Citigroup combines operations in Indian software venture

Citigroup combines operations in Indian software venture

22 November 2001  |  3740 views  |  0 comments
Autonomy and Global Objectives turn spotlight on money launderers

Autonomy and Global Objectives turn spotlight on money launderers

29 October 2001  |  3312 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit www.vasco.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12515 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10739 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9191 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8568 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8381 views comments | 11 tweets | 14 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job