ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

MI Marshall & Ilsley Corp

7.90
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Marshall & Ilsley Corp NYSE:MI NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.90 0.00 01:00:00

Metavante Increasing Cross Sells With Newly Integrated Anti-Money Laundering Solution

13/06/2006 1:00pm

Business Wire


Marshall & Ilsley (NYSE:MI)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more Marshall & Ilsley Charts.
Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI), today announced that 10 clients have signed up for its Bank Secrecy Act (BSA) solution that is now offered in a new application service provider (ASP) environment. With nearly 70 existing licensed compliance software installations, BSA Reporter, an automated anti-money laundering (AML) application, has been successfully integrated into Metavante's Integrated Banking Solution (IBS). Metavante IBS clients can now effectively comply with regulatory requirements with BSA Reporter, which detects, analyzes and reports suspicious transaction activity, while experiencing the benefits of an ASP environment and full integration within its outsourced banking solution. Bank of Hawaii, the largest independent financial institution in Hawaii, is the first client in production with BSA Reporter on an ASP platform and is experiencing success with the solution. "As we've continued to expand and grow our business, the process of adhering to regulatory compliance, like the Bank Secrecy Act and USA PATRIOT Act, has become increasingly difficult," said Macy Lee, vice president and Bank Secrecy Act officer, Bank of Hawaii. "With BSA Reporter, we get an advanced tool that helps us more effectively detect suspicious activity by automating transactional analysis and government reporting and improving case management documentation. When you combine the solid AML functionality offered by BSA Reporter with the integration to our core processing system from Metavante, it was an easy decision." BSA Reporter provides Bank Secrecy Act compliant anti-money laundering functions such as: suspicious activity detection, customer and peer group profiling, rules-based analytics, case management, powerful querying capability and reporting functions. Additionally, it evaluates all transactions against profiles through a centralized data warehouse, and ensures your organization is in compliance with regulatory requirements. BSA Reporter is developed by Metavante's Prime Associates unit, acquired in 2005. "Regulators are very focused on banks' anti-money laundering programs, often requiring the automation of manual transaction monitoring processes," said Gary Refinski, executive vice president, Metavante Corporation. "Integrating BSA Reporter into our outsourced banking solution empowers our clients with a single system of record to manage their banking operations and regulatory issues, which eliminates the need to work with multiple vendors and ultimately results in greater efficiencies." Metavante's Risk and Compliance Solutions assists clients in developing efficient and sustainable risk programs to identify and manage the seen and unforeseen risks inherent in today's financial services operations. By combining operational risk and compliance acumen with financial services expertise and enabling technologies, Metavante helps clients reduce their risk management burden and grow their business. Offerings include business consulting and technology solutions for: enterprise risk programs; business continuity and information technology recovery planning; information security and privacy; fraud detection and prevention; and regulatory compliance, including: Bank Secrecy Act, USA PATRIOT Act, Basel II, Sarbanes Oxley and Graham Leach Bliley. About Bank of Hawaii Bank of Hawaii Corporation is a regional financial services company serving businesses, consumers and governments in Hawaii, American Samoa and the West Pacific. The company's principal subsidiary, Bank of Hawaii, was founded in 1897 and is the largest independent financial institution in Hawaii. For more information about Bank of Hawaii Corporation, see the company's website, www.boh.com. About Metavante Metavante Corporation delivers banking and payments technologies to financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, and electronic presentment and payment. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE:MI). Metavante is a registered trademark of Metavante Corporation.

1 Year Marshall & Ilsley Chart

1 Year Marshall & Ilsley Chart

1 Month Marshall & Ilsley Chart

1 Month Marshall & Ilsley Chart

Your Recent History

Delayed Upgrade Clock