Fortent Launches Hosted Version of its Anti-money Laundering Solution
Fortent has introduced a hosted version of its advanced anti-money laundering (AML) system for financial institutions. Delivered in partnership with IBM, the company claims that its new hosted AML solution offers a lower cost and faster implementation timetable with the same approach and results as its predecessor. Fortent Hosted AML is the first in a series of compliance applications, including KYC and fraud detection, which the company will offer on a hosted basis. Designed to meet the needs of small and medium-sized enterprises (SMEs), the new solution has a delivery mechanism that is more affordable than previous offerings.