B-next and Cellent team on financial crime compliance

Source: b-next

Specialist financial consultation and software companies b-next and Cellent Finance Solutions have formed a co-operation agreement for the compliance sector.

The aim of this collaboration is to provide national and global financial institutions with a one-stop shop for integrated best-practice solutions in the field of compliance and financial crime that meet the new and more rigorous requirements of international law.

The alliance offers additional advantages for clients by combining the core competences of both companies, reducing organisational and labour costs, and providing an optimised product and service portfolio for the financial industry.

This is how the market leaders in the field of financial market compliance and AML/CFT are addressing the increasing requirements for enterprise-wide risk management.

As a market leader in risk management and financial market compliance, for more than 20 years b-next has been providing financial institutions with best-practice solutions for strategic risk management in the fields of best execution, market abuse, conflicts of interest and insider trading.

With Cellent Finance Solutions as a leading vendor in the areas of enterprise-wide analysis of risks and hazards, using IT to combat money laundering and the financing of terrorism, and monitoring embargoes and financial sanctions for the financial industry, b-next gains a powerful and competent partner with excellent solution skills and long-term experience.

Business Development Manager Stefan Queck of b-next said: "The collaboration between b-next and Cellent Finance Solutions is a logical step, which can be seen as a milestone in the development of the market for regulatory software solutions. The new portfolio of application options will be the only one of its kind in the marketplace."

Klaus Spiesshofer, Sales Manager Compliance & Financial Crime at Cellent Finance Solutions, is confident: "We are united with b-next by a professional collaboration that ensures ongoing added value for our clients, in the shape of an effective portfolio covering all the requirements of international compliance."

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