Fortent, a software solutions provider, has announced the release of a new version of its anti-money laundering technology.
This latest offering in Fortent’s financial crime product suite expands the global reach of Fortent’s risk and compliance solutions by adding Japanese, Spanish, and Arabic language capabilities to the Fortent platform. Fortent’s advanced system streamlines the financial crime investigation process for banks, securities firms, and insurance companies, as well as providing deeper profiling of correspondent banking accounts.
George Faux, group executive, client relationship management at Fortent, said: This next generation Fortent application represents a major leap in compliance technology and the ability to fight financial crime. With this latest release, Fortent AML customers will see significant payoff in several areas, including a whole new level of efficiency in the alert investigation process. Organizations are increasingly concerned about the resources absorbed by investigations, and the new set of tools in Fortent AML maximizes the efficiency in this area, saving clients time and money.