Ocorian launches automated AML module
07 May 2024 UK
Image: Funtap
Ocorian has launched an automated online anti-money laundering (AML) system.
The new system follows the Financial Conduct Authority’s (FCA) calls for a further collaborative approach to tackle crime.
The new module, FinCrim, is part of Ocorian’s proprietary solution The Gateway, and enables clients to do their entire onboarding in a singular place.
The system is designed to be configurable for individual client needs, and uses automation technology to provide an end-to-end service, from onboarding through to ongoing checks.
Joe French, managing director and head of financial crime at Ocorian, says: “The FCA is calling for a collaborative approach to tackling financial crime, and wants firms to be bolder in how they engage with new technologies to keep up with emerging risks.”
Hilton Goudriaan, head of systems at Newgate Compliance, comments: “As the FCA calls for firms to engage with new technologies to keep up with emerging risks, solutions like The Gateway’s new automated AML module provides our clients the ability to benefit from the very latest technology to strengthen their AML defences in a way that works seamlessly alongside the other risk and compliance procedures.”
The new system follows the Financial Conduct Authority’s (FCA) calls for a further collaborative approach to tackle crime.
The new module, FinCrim, is part of Ocorian’s proprietary solution The Gateway, and enables clients to do their entire onboarding in a singular place.
The system is designed to be configurable for individual client needs, and uses automation technology to provide an end-to-end service, from onboarding through to ongoing checks.
Joe French, managing director and head of financial crime at Ocorian, says: “The FCA is calling for a collaborative approach to tackling financial crime, and wants firms to be bolder in how they engage with new technologies to keep up with emerging risks.”
Hilton Goudriaan, head of systems at Newgate Compliance, comments: “As the FCA calls for firms to engage with new technologies to keep up with emerging risks, solutions like The Gateway’s new automated AML module provides our clients the ability to benefit from the very latest technology to strengthen their AML defences in a way that works seamlessly alongside the other risk and compliance procedures.”
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