The First MicroFinance Bank, Afghanistan (FMFB-A) has chosen Accuity’s Firco Compliance Link data for regulatory compliance screening of its customer accounts and cross-border transactions.
The technology vendor said that Accuity will accelerate the end-to-end screening process with its automated regulatory list updates as well as will faciliate real time screening of transactions.
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The technology is expected to lower the screening process turn around time by 60%, Accuity said.
FMFB-A CEO Frank van der Poll said: “As a leading bank in Afghanistan providing sustainable financial services, we have a commitment to ensure high standards of regulatory compliance to both the regulator and our clients.
”To help us meet these compliance requirements and improve the performance of our compliance operations, we decided to take a proactive approach to enhancing our financial crime screening solutions. We chose the Accuity Firco Compliance Link solution because it was best suited to our requirements, given its flexibility, ease of use, real-time screening and ability to integrate systems efficiently.”
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By GlobalData
