Source: ACI Worldwide
ACI Worldwide (Nasdaq:TSAI), a leading international provider of enterprise payment solutions, today announced a global partnership with SIDE International SA to promote the companies' industry-leading anti money laundering (AML) solutions.
ACI Proactive Risk Manager for AML provides a core, rules-based transaction-monitoring solution that detects suspicious activity and fully automates all investigation and reporting case management. A proven neural network employing custom models can be added, which improves detection accuracy of suspicious activity especially for complex money laundering schemes.
The SIDE SafeWatch filtering application allows automated AML filtering on any financial flow, regardless of origin and transport. Its fully configurable and scalable architecture is designed to strengthen AML compliance by preventing emission of outgoing and processing of incoming messages/data referring to blacklisted entities. The enterprise solution can simultaneously analyze a large variety of sources: text files, real-time flows, SWIFT messages, MQ Series messages, and database tables. All detections are sent to a central SafeWatch monitoring station, and users are automatically notified of alerts by e-mail.
Now the expertise of these two industry leading AML products is brought together to provide financial institutions with a complete AML solution.
"There is a perfect match between the features of SIDE SafeWatch and those of ACI Proactive Risk Manager, said Jean Francois Vander Meersche. "With this alliance, the two companies have clearly increased the reach of their solutions. The new joint offering, creates an enterprise-wide AML platform that meets the needs of institutions of any size."
"Money Laundering and enterprise-level fraud detection and prevention are top of mind with many of our customers and in the market in general," said Jeffrey S. Hale, ACI Worldwide chief marketing officer. "We are extremely pleased to combine the SIDE Safewatch technology with our Proactive Risk Manager product to offer an even more complete enterprise-level solution. This combination of powerful capabilities will enhance our customers' ability to address this serious issue."