Oversea Chinese Banking Corporation licenses Side AML application
In January 2005, the financial market welcomed SafeWatch, a new release of SIDE AML solution. Since then, more than 20 implementations of the product have already been realized.
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The Oversea Chinese Banking Corporation, one of the largest financial institutions in Asia, selected SIDE SafeWatch as its Anti-Money Laundering filtering application.
The SafeWatch Enterprise Edition, with its Central Alert Management, will be used to check SWIFT transactions in real-time, as well as filtering all the bank relationships using the File Scanning facility.
The SafeWatch open and standard architecture allows seamless integration with the bank's list formats and own applications.
This deal has been made in strong collaboration with NewGens, SIDE partner in South Eastern Asia.