20 February 2018
visit www.nextgenbanking.co.uk/

Peapack-Gladstone Bank selects Prime Associates regulatory compliance software

02 November 2005  |  1710 views  |  0 Source: Prime Associates

Prime Associates, Inc., a Metavante company and a leading provider of regulatory compliance solutions for financial institutions, today announced that Peapack-Gladstone Bank (AMEX: PGC) has selected two components of Prime's Compliance Manager as preferred software solutions for their global sanctions and regulatory compliance initiatives.

Peapack-Gladstone Bank, a subsidiary of Peapack-Gladstone Financial Corporation, is a wholly owned community bank headquartered in Gladstone, N.J.

"After conducting extensive due diligence, Peapack-Gladstone has chosen BSA Reporter and EDD Reporter to help us efficiently manage our anti-money laundering compliance program," said Finn Caspersen, Jr., senior vice president, Risk Management, Peapack-Gladstone Bank. "Getting it right the first time is important to us and with Prime, we believe we have done just that."

BSA Reporter provides Bank Secrecy Act compliant anti-money laundering (AML) functions such as: suspicious activity detection, customer and peer group profiling, rules-based analytics, case management, powerful querying capability, and reporting functions. In addition, BSA Reporter also captures and evaluates all transactions against profiles through a centralized data warehouse and ensures your organization is in compliance with regulatory requirements.

EDD Reporter provides Enhanced Due Diligence for "Know Your Customer" and Customer Identification Program compliance functions, including: Customer Acceptance and Maintenance; Customer Risk Modeling and Assessment; and Documentary and Electronic Identity Verification. With EDD Reporter, organizations can manage their risk environment and set up the infrastructure necessary to prevent suspicious activity from occurring.

"Banks are being inundated with rapidly changing regulatory mandates requiring higher demands, more scrutiny and increased time in order to comply," states Salvatore Cangialosi, president, Prime Associates, Inc. "Prime's comprehensive technology and industry expertise will help Peapack-Gladstone Bank and our nearly 200 clients stay ahead of the curve by deploying our leading suspicious activity detection and enhanced due diligence solutions as key components in their organization."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comVisit https://www.capgemini.comVisit www.vasco.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11768 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9391 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9202 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7963 views comments | 13 tweets | 12 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7289 views comments | 19 tweets | 18 linkedin

Featured job

Basic c. EUR 90K OTE c. EUR 180K plus full bene...
Paris (preferred) or London

Find your next job