Aquilan Announces Hosted Anti-Money Laundering Compliance and Fraud Solution.Patriot Manager Express[TM] to Deliver Automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. Compliance and Fraud Protection in 30 Days AUSTIN Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum , Texas -- Aquilan, a leading provider of anti-money laundering Anti-money laundering ("AML") is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent or report money laundering activities. compliance and fraud solutions, today announced the latest addition to its product suite, Patriot Manager Express, a hosted Anti-Money Laundering compliance and fraud solution. Patriot Manager Express is an automated approach to prevent fraud and address the AML AML - A Manufacturing Language compliance needs of the Insurance, Broker/Dealer and Mutual Funds industries. A hosted solution, Patriot Manager requires no onsite installation and can be deployed in as little as 30 days. Through automating AML operations, Patriot Manager Express links disparate data from multiple data sources to provide an enterprise-wide customer view and monitor, detect, track/manage and report suspicious activities. Requiring no long term commitments and a minimum time and resource investment, Aquilan's Patriot Manager Express is a lower cost approach to automated AML operations targeted to smaller organizations with resource and budget constraints A Budget Constraint represents the combinations of goods and services that a consumer can purchase given current prices and his income. Consumer theory uses the concepts of a budget constraint and a preference ordering to analyze consumer choices. . "In a time of an economic downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. , we are excited to offer a hosted solution that cost-effectively automates AML compliance and strengthens fraud protection," says Clifford Clif·ford , Clark McAdams 1906-1998. American lawyer and politician who, as chief counsel (1946-1950) to President Harry S. Truman, influenced U.S. foreign policy. During the Vietnam War he served as U.S. secretary of defense (1968-1969). Hagler, president and chief executive officer at Aquilan. "With Patriot Manager Express' intuitive design and rapid time to implementation, organizations can be up and running in 30 days, gaining new levels of AML compliance and fraud protection with minimum effort." Key features of Patriot Manager Express include: customer risk and correlation assessment (KYC KYC Know Your Customer KYC Know Your Client ); watch list, transaction and agent monitoring; industry-driven red flags/indicators and automated alerts; activity tracking and case management; auto fill and file reports; and electronic audit history. For more information on Patriot Manager Express, visit the Aquilan website at http://www.Aquilan.com/Solutions/Express.aspx. About Aquilan Aquilan is a leading provider of anti-money laundering compliance and fraud solutions designed for the Insurance, Broker/Dealer and Mutual Funds industries. Automated and easy to use Aquilan's AML solutions connect disparate data to more accurately monitor, detect, track, manage and report suspicious activities. With years of multi-industry expertise, a proven track record of success and a long list of satisfied customers, Aquilan is a trusted source for all of your AML compliance and fraud needs. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion