Experian signs two to anti-money laundering software

Source: Experian

Experian, a global information solutions company, today announced it has signed a contract to install its ASSIST//ck anti-money laundering and regulatory compliance software at Banca Afirme in Monterrey N.L, Mexico and Banco del Pichincha C.A., a leading bank in Ecuador.

With the installation of ASSIST//ck, these two banks will automate the detection, investigation and reporting of money laundering activities and streamline the processes and policies required for compliance with international and U.S. regulations. Banca Afirme is one of the fastest-growing financial services providers in Mexico, and Banco del Pichincha C.A. is the largest bank in Ecuador with 218 branches in 80 cities.

"Experian provides a singular solution to meet the challenge of anti-money laundering and suspicious activity compliance," said John Daly, executive vice president of Experian. "With installations in 35 countries worldwide, Experian's complete suite of compliance-related products provide transaction and account monitoring, investigation and reporting, identity verification and authentication capabilities. We look forward to working with Banca Afirme and Banco del Pichincha to enhance their anti-money laundering programs."

Experian's anti-money laundering solutions provide a full range of global products and services for identity verification, fraud prevention, money laundering detection and compliance with government regulations, including the US Patriot Act. These powerful solutions, combined with the industry's largest proprietary consumer information database, enable Experian to offer a complete suite of compliance solutions, including a customer verification program, negative list screening, transaction monitoring and reporting of suspicious activities.

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