NetEconomy, the global leader in financial crime management and compliance solutions, a business unit of Fiserv (NASDAQ: FISV), today announced the charter Advisory Board members of NetPractice, a best-practice NetEconomy user community for connecting ideas, strategies and techniques to help its members excel in the detection and prevention of the growing problem of financial crime.
The NetPractice Advisory Board is comprised of international business professionals, power technologists and compliance experts charged with directing the NetPractice organization to promote best-practice anti-money laundering and fraud strategies, and to guide the communication, growth and activities of its members. The charter Advisory Board members include: Gabriel McLaughlin Adams, compliance officer at Dexia S.A.; Deborah King, vice president and director of Citizens Financial Group; Thierry Istace, project coordinator of Dexia Bank; Florisela Bentoera, compliance manager of RBTT Bank; and Saskia Rietbroek, former executive director of the Association of Certified Anti- Money Laundering Specialists (ACAMS) and financial crime advisor of NetEconomy.
"Financial institutions continue to struggle to implement thorough, effective and efficient procedures to deal with money laundering and other financial crime, and are finding they can't solve all the problems on their own," said Neil Katkov, senior analyst of Celent. "Compliance communities address a deep need for sharing experience and best practices to help handle these challenges. Organized by a leading compliance solutions vendor, the NetPractice user community is a welcome addition in this area."
"Since 1993 NetEconomy has been committed to providing fraud and compliance professionals with a comprehensive and innovative ERASE platform to detect and prevent money laundering, terrorist financing and transactional fraud," said Sebastian Kuntz, CEO of NetEconomy. "With the recent launch of NetPractice, a financial crime thought leadership community is created to utilize the vast experience of our users and CAMS-certified staff. This powerhouse community combined with NetPractice's world-class Advisory Board will guide members to maximize their potential and deliver increasing value to their financial institution."
"NetPractice offers continuous access to an international network of anti-money laundering experts to ensure up-to-date knowledge and expertise in monitoring techniques," said Florisela Bentoera, NetPractice Advisory Board Member, and compliance manager of RBTT Bank. "It will prove to be a valuable tool for ERASE users. I am very excited to be part of this initiative."