Crèdit Andorrà Financial Group has chosen NICE Actimize, a provider of autonomous financial crime management solution, to strengthen its anti-money laundering solutions strategy.
The Andorra-based bank will integrate the technology vendor’s anti-money laundering solutions into its financial crime operations to better comply with the anti-money laundering regulations across the globe.
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Crèdit Andorrà has holdings firms in Luxembourg, Panama and Spain, as well as a broker-dealer in the US.
The bank has selected NICE Actimize’s suspicious activity monitoring, customer due diligence (CDD) and watchlist filtering solutions, among others.
Crèdit Andorrà chief risk & compliance officer Christophe Canler said: “We identified NICE Actimize as the provider with the most effective solutions across all key areas of anti-money laundering, offering us a solid roadmap that will help our institutions grow and adapt with future market fluctuations.”
NICE Actimize president Joe Friscia said: “NICE Actimize is pleased to bring the strength of our anti-money laundering portfolio and our robust product roadmap to the network of financial services organizations under Credit Andorra’s management.
“As regulators tighten rules around customer onboarding and criminal entities work harder, NICE Actimize is committed to advancing its anti-money laundering solutions. Leveraging our experience in advanced analytics and transaction monitoring solutions, our objective is to leverage intelligence and automation to reduce human effort and error, meeting regulators’ requirements to detect and report sophisticated crime schemes.”
