NEW YORK, May 24 /PRNewswire-Asia/ -- Fortent ( http://www.fortent.com ) today announced the introduction of Fortent Connect, a solution designed to help mid-sized financial institutions fight crime and manage regulatory compliance. Fortent Connect is easy to use and implement, and delivers high performance at a competitive price.
"We developed Fortent Connect in response to a market need for an all-in-one financial crimes solution that can deliver great results within today's tight budgets," says Sandy Jaffee, Fortent's Chairman and CEO.
"Fortent Connect is based on our company's deep experience helping financial institutions combat financial crime and meet regulatory obligations in markets all over the world," adds Ms. Jaffee. "The solution is designed for organizations with limited compliance and in-house technology resources."
This new offering combines essential capabilities -- sanctions screening, anti-money laundering (AML) and fraud monitoring, customer risk rating, alert management and regulatory reporting -- into one system. Fortent Connect can be implemented in as fast as 90 days.
Fortent Chief Technology Officer Kay LaBare says, "Leveraging Fortent's market-leading technology, we've taken a modular approach so clients can focus on their most critical needs first and build on their investment over time."
"Capabilities that can be added include real-time fraud detection and OFAC blocking," notes Ms. LaBare.
Fortent has implemented transaction monitoring, Know Your Customer, and case management solutions globally in a wide range of financial institutions over the past decade -- from the largest firms such as Barclays and The Bank of Tokyo-Mitsubishi UFJ to smaller institutions such as Nedbank in South Africa.
About Fortent
Fortent provides risk and compliance solutions to financial institutions, government agencies, and individuals in more than 100 countries. For more information, visit http://www.fortent.com .
Endorsed by the American Bankers Association, Fortent technology is used by the world's largest financial firms across 50,000 locations. Fortent's innovation and expertise in regulatory risk allow it to offer the most advanced anti-money laundering, know your customer, and fraud detection systems on the market today.
Through its award-winning information and training businesses, Fortent offers the world's leading sources of regulatory news and analysis, the industry's largest money laundering conference, and the leading certification program for compliance professionals on six continents.
