STB Systems signs reseller deal with Decillion Solutions

Source: STB Systems

Through the new relationship, STB-Detector customers will be able to purchase directly STB's anti money laundering and transaction trend monitoring software STB-Detector from Decillion.

The agreement covers sales and installation of STB-Detector by Decillion in Singapore, Malaysia, Indonesia, Thailand, Vietnam, Cambodia, Australia, New Zealand and China (including Hong Kong).

Decillion provides a unique range of products and services to the financial services industry. In addition, Decillion is also the official S.W.I.F.T. Business Partner and Service Partner for South East Asia and Australasia and has a competent team of certified consultants to perform implementation, training, support and consulting services for S.W.I.F.T and other products such as STB-Detector.

STB's proprietary anti money laundering system, STB-Detector, provides a comprehensive addition to the defences of any financial institution. The system has four modules: Suspicious Activity Monitoring, Account Opening Due Diligence, Watch List Monitor and Investigations.

These modules provide extensive coverage of all the key areas of compliance. Account movements can be checked against historical and peer group patterns, and against a variety of absolute and flexible thresholds. Account opening "Know-Your-Customer" procedures are enhanced and documentation renewal reminders can be generated. Customer databases and payments may be checked against any number of internal and external sanctions lists.

As Decillion explained, the agreement forms part of Decillion's strategy to provide the best of breed solutions to its customers; "International regulations mean that all institutions are now required to check their clients for anti money laundering and transaction trend monitoring. STB-Detector is quite simply the best solution in the market and this combined with Decillion's expertise in the ASPAC region will enable our customers to easily benefit from the STB solution."

STB-Detector is fast establishing itself as a global solution to money laundering controls with installations in New York, London, Hong Kong and Singapore.

Commenting on the agreement, Michael Thomas, Group CEO at STB Systems said, "We are delighted that Decillion will provide sales and installation services to the region for STB-Detector. Decillion has an impressive reputation in the region and now with the strength of NEC behind Decillion this is a very strong base for our solutions."

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