DVB Bank AG, the leading specialist in international transport finance, has chosen to implement ACTICO's Compliance Suite. This will allow the bank to cover a range of scenarios in the compliance environment, including anti-money laundering, identification of high-risk transactions and persons, and monitoring employee trading.
The bank was looking for an integrated solution that would cover the desired compliance scenarios reliably. Just as important, however, was the flexibility of the application, as
Iris Schrecker, Head of Group Compliance at DVB Bank, emphasized. "We
have a unique strategy focused on selected segments of the international
transport market. Our business model cannot be compared with that of
other banks. So we needed an application that offered the ability to
adapt to our needs, and that is what the rule-based approach of the
Compliance Suite and MLDS 3.0 delivers." The Compliance Suite’s powerful performance and its modular design provide adaptability to the bank’s business processes. For these reasons, DVB bank decided in favor of ACTICO.
The option of individually defining workflows was also critically
important. "We are very international in our orientation, with locations
of varying sizes that also require a variety of workflows. So the
option of flexible integration in our business processes was an
important criterion," she explained.
DVB Bank AG puts its trust in the Compliance Suite and its most
important module, the anti-money laundering solution MLDS (Money Laundering Detection System). The
Compliance Suite also includes products for stock market compliance,
embargo monitoring of money flows, and comparison of client data
against lists of suspicious persons. The compliance products from ACTICO have been
deployed at many renowned banks, in particular in Switzerland, Liechtenstein and Germany.