More NewsOTP Bank Deploys AML and Watch List Management Solutions from Norkom

OTP Bank Deploys AML and Watch List Management Solutions from Norkom

OTP Bank, the largest bank in Hungary, has selected Norkom’s anti-money laundering (AML) and watch list management (WLM) solutions in an effort to comply with the 3rd EU Money Laundering Directive.

The implementation of Norkom’s AML and WLM solutions represents a significant upgrade of the bank’s incumbent AML technologies, replacing a system that was developed internally.

Gabor Kanyo, head of the compliance operations department with OTP Bank, said: “Norkom was an easy and logical choice for us due to its vast experience in implementing best-of-breed financial crime and compliance solutions for some of the largest financial institutions in the world, a reputation that is supported by a highly reference-able client base and a dominant position in central and eastern Europe.”

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