This page has not been updated recently.
We have kept it, within the OnWindows Archive, for your reference.

Espirito Santo Bank stays safe with NetEconomy

Espirito Santo Bank has selected NetEconomy's anti-money laundering solution, Erase Compliance Manager to help it comply with regulatory requirements and to detect, analyse and report potential money laundering and terrorist financing activity.

Owned by Banco Espírito Santo, the second largest bank in Portugal, Espirito Santo Bank is a non-member, state-chartered bank located in Miami, Florida with mainly foreign nationals as customers, due to its close proximity to Latin America and the Caribbean. With the Erase Compliance Manager, Espirito Santo Bank is now able to monitor transactions to automatically detect suspicious activity, and leverage investigation tools and a built-in case management system that tracks, prioritises and manages cases, as well automating reporting for SARs and CTRs.

Martin Prego, senior vice president and head of compliance of Espirito Santo Bank said: "With NetEconomy's solution we can help our bank expand into lines of business considered 'high risk,' such as foreign correspondent banking and money service businesses, that without NetEconomy, we would be too at-risk to provide. We are extremely pleased with the choice of NetEconomy and look forward to the added value across multiple fronts that the solution will provide to our financial institution."

Please login/register to add your comments


Review comments:

There are currently no comments on this article

 

 

Prime focuses on Microsoft technology in manufacturing, exploring issues from PLM and the supply chain, to plant floor visibility and lean manufacturing.

 

Finance on Windows is Microsoft’s quarterly enterprise customer magazine for the financial services sector, covering banking, capital markets and insurance.

 

Speak provides a quarterly digest of news, features and case studies focusing on challenges faced by retail, hospitality and consumer-focused businesses.

 

Touch is the latest addition to the suite of Microsoft industry publications and the new authority on public sector activity within the EMEA region.

 
Financial Services Global Outlook 2012-2015

The Financial Services Global Outlook 2012-2015 is an essential resource for those looking to identify solution providers in banking, insurance and capital markets.

 
Prime Partner Guide 2010/11

The Manufacturing & Resources Global Outlook 2012-2015 is a leading authority on Windows-based solution providers in the manufacturing and resources sectors.

 
Distribution and Services Global Outlook

The Distribution and Services Global Outlook is a yearly publication that profiles Microsoft technology partners in the retail, consumer goods and services industries.

 
Public Sector Global Outlook

The annual Public Sector Global Outlook is an invaluable resource for companies in the sector seeking to leverage their investment in Microsoft solutions.

 
Communications Sector Partner Guide EMEA 2010

The Communications Sector Partner Guide is Microsoft’s official printed directory of partners serving the EMEA communications sector.

Keep up with OnWindows

Advertise

To find out more about advertisement opportunities online and in our suite of Microsoft industry magazines visit the OnWindows.com Partner Zone