NetEconomy, a leader in real-time enterprise risk monitoring solutions for the finance industry today announced it has formed a strategic alliance with ADS Financial Services Solutions, a leading IT strategy consulting and systems integration firm, to deliver anti-money laundering and fraud detection solutions to financial institutions across North America.
"Managing risk successfully and in a cost-effective manner is high on the priority list of financial institutions and our customers," said Peter Cahill, Executive Vice President of ADS. "Our strategic alliance with NetEconomy allows us to deliver a comprehensive world-class risk management solution that meets these requirements in some of today's most challenging environments. We are very pleased to be positioned as NetEconomy's preferred implementation partner in America."
"We look forward to working with ADS to deliver our anti-money laundering and fraud solutions across North America," said Ivan Zasarsky, NetEconomy's Vice President of Sales for the Americas. "Their expertise and proven track record working with financial institutions combined with our ERASE solution helps our customers to quickly and cost-effectively meet their requirements to ensure compliance, increase internal workflow efficiencies, and minimize risks related to money laundering or fraudulent activity."
Compared to conventional anti-money laundering (AML) tools that solve only a subset of a financial institution's AML requirements, NetEconomy's ERASE offers a complete end-to-end system arming compliance officers with a full range of capabilities to detect and manage risk. With ERASE, customers benefit from increased productivity and efficiencies with its advanced transaction monitoring, rich user-friendly investigation environment, and next-generation case management system that automates reporting, speeds investigation, and streamlines workflow processes.