The Mansfield Building Society has selected iFinancial’s Anti Money Laundering Software, AMLtrac, as part of its compliance strategy.
AMLtrac is a counter terrorist financing solution for banks and other financial institutions and specialises in identifying and tracking suspicious or illegal activities or the proceeds of crime.
iFinancial’s director, Matthew Day, said: “We pride ourselves on our in-depth knowledge of financial services, technology and applications software and are delighted to partner with Mansfield Building Society on this exciting project.
“Not only do we offer first class software solutions but our highly skilled and dedicated team, with some of the best minds in the industry, will be working with Mansfield to facilitate a smooth roll out of the software.
“An AMLtrac installation comprises a selection of modules that match the exact requirements of our customer’s business. Modules may be mixed and matched into any logical combination and a customer can add new modules at a later stage without financial penalty.
“AMLtrac integrates seamlessly into our core banking and digital banking products and works with any existing legacy system acting as a complementary extension to it.”