Union Bank of India (UK) upgrades to Dow Jones

Union Bank of India (UK) has been a long-term user of the AMLtrac anti-money laundering software from financial software vendor International Financial Systems (iFinancial) since it opened its London operation in 2014. Now for the purposes of PEP, SOE, adverse media and other enhanced checking the bank have upgraded AMLtrac to use the Dow Jones database of 2.4 million data elements as its primary data source to give a comprehensive and completely seamless one-stop solution.

The bank uses the KYC and Document Management, Account Monitoring, Transaction Tracking, and Alert Management modules of AMLtrac to sit in front of Infosys’s Finacle core banking system which is hosted in India.

Sales director Matthew Day said, “It is great to be working with Dow Jones and continuing our working relationship with Union Bank of India (UK).”

 

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