Global Fidelity Bank implements AMLtrac from iFinancial
UK-based core banking and anti-money laundering (AML) software vendor International Financial Systems (iFinancial) is implementing its AMLtrac solution at Global Fidelity Bank.
The bank, based in the Cayman Islands, will use the new platform for know your customer (KYC) operations, document management, account monitoring, transaction tracking, and the Swift messages screening and authorisation.
AMLtrac will be using the Dow Jones watch list product as its data source.
Closer to home, iFinancial has recently signed challenger bank BFC for its AMLtrac product.