Mantas upgrades anti-money laundering technology

Source: Mantas

Mantas, a business of i-flex solutions and a provider of regulatory compliance, loss prevention and revenue generation solutions, today announced the launch of Mantas 5.0, the latest version of its award-winning suite of behavior detection solutions.

Examples of new scenarios include support for Asset Management firms, and anti-money laundering (AML) solutions for insurance companies. Advanced user interface and document management features provide users with unparalleled access to information. Mantas also added enhancements to facilitate technology upgrades and integration with industry leading middleware from Oracle and IBM.

"Mantas 5.0 reflects valuable feedback shared by our customers as we have grown worldwide in addition to strong market demand within the compliance industry. This release will enable financial institutions, such as banks, investment and asset management firms, and insurance companies, to more effectively meet compliance regulations in the E.U., US, and other parts of the world through improved performance, accuracy, and usability. Mantas 5.0 is designed to help our global and regional client base comply with new regulations, now and into the future", states Stephen Epstein, Vice President and Head of Product Management for Mantas.

Eva Weber, Analyst at Aite Group notes, "Enterprise-wide compliance is fast becoming a primary consideration for financial services firms. These firms are adopting frameworks that address multiple areas of compliance across multiple lines of business. There's great potential to generate productivity gains and positive ROI from holistic enterprise solutions, so firms should explore their options carefully."

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