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Hampshire Trust Bank selects ComplyAdvantage for its AML solutions

Thursday 30 September 2021 10:00 CET | News

Hampshire Trust Bank (HTB) has selected the ComplyAdvantage’s anti-money laundering (AML) suite of solutions including Customer Screening and Onboarding, Adverse Information & Media, Transaction Monitoring, and Transaction Screening.

HTB’s risk profile is changing as the firm’s client base expands into newer markets. According to the official press release, this is why HTB elected to partner with ComplyAdvantage in order to build real-time AML capabilities with better control and scalability.

Powered by ComplyData, ComplyAdvantage’s hyperscale technology helps to uncover hidden risks throughout the customer lifecycle, helping banks like HTB to maintain a high level of compliance oversight and integrity. This reduces dependence on manual review processes and legacy databases by up to 80% and improves how businesses like HTB screen and monitor clients and transactions.


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Keywords: banks, ComplyAdvantage, AML, partnership
Categories: Fraud & Financial Crime
Companies:
Countries: United Kingdom
This article is part of category

Fraud & Financial Crime






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