15 December 2017
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Bank of Philippine Islands signs with LogicaCMG for NetEconomy AML technology

26 June 2006  |  895 views  |  0 Source: LogicaCMG

LogicaCMG announces today that it has secured a contract with the Bank of the Philippine Islands for the implementation of NetEconomy's ERASE compliance manager, the anti-money laundering (AML) solution.

The AML system will monitor suspicious financial transactions and scan blacklisted messages through statistical analysis and transaction monitoring.

The Bank of the Philippine Islands is one of the largest commercial banks in the Philippines. It provides consumer banking, trust banking and asset management, corporate banking/corporate finance and bank assurance services. It has more than 800 branches and around 1,300 ATMs, serving some 3 million depositors.

Michael Warren, CEO of LogicaCMG in Asia, commented: "We are pleased to support the Bank of the Philippine Islands in its aim of taking a lead on achieving compliance in risk management and adopting a robust position against money laundering. This contract reinforces our position as a leading provider of integrated risk and compliance solutions worldwide."

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