|Upgraded AML solution available|
AMLOCK, new version of J&B Software's AML solution provides enhancements such as a “what if” capability to allow compliance personnel to see the results of a proposed change before making it permanent within the system.
J&B Software's Next Generation Anti-Money Laundering Solution
Blue Bell, PA –June 9, 2008 – J&B Software, Inc., a premier provider of enterprise-wide transaction, document and payment system solutions, today announced its promotion of AMLOCK, the enhanced version of the Company's market-leading Anti-Money Laundering (AML) software, in the United States.
AMLOCK, the next generation of Anti-Money Laundering software, provides an end-to-end enterprise-based approach to AML compliance. AMLOCK utilizes an easy to use interface for all functions, from “know your customers” to risk based transaction monitoring with extensive case management as well as easy filing of compliance reports. In-house personnel can easily accomplish making changes to transaction monitoring scenarios when required by changing AML’s threat scenarios. AMLOCK also provides a “what if” capability to allow compliance personnel to see the results of a proposed change before making it permanent within the system.
Part of a nation-wide roll out to the banking, insurance and financial services industries, the ad focuses on AMLOCK’s key differentiators of a comprehensive enterprise-based approach to managing money laundering across applications and business units with a single dashboard as well as the solution’s speed and flexibility. The campaign plans to reach over 10,000 AML specialists in ACAMS (Association of Certified Anti-Money Laundering Specialists) Today magazine, ABA Compliance magazine and others. Click here to view the ad
Many large financial institutions have implemented AMLOCK throughout their global operations as well as in North America. These institutions have entrusted their AML needs and requirements to AMLOCK. "Preventing money laundering is a global challenge and transcends country borders," remarks James McShea, Executive Vice President of Sales and Marketing. "Today’s financial institutions are operating in a global market. J&B Software is fully committed to answering the needs of all financial institutions wherever they operate."
About J&B Software
J&B Software revolutionized the image based payment processing industry. J&B Software provides market-leading automated payments, electronic transaction processing and managed systems to over 165 industry leading organizations, including regional and money center banks, insurance companies, mutual funds, credit card processors, student loan processors, brokerage, telecom, utilities, government, non-profit and commercial organizations.
J&B Software’s library of core applications and product modules utilize open architecture software and hardware platforms. The Company’s extensive application suite includes remote image capture, ARC & check 21/image exchange, intelligent data recognition, and remote data entry as well as core applications for lock box solutions, full-page document management, transaction archive, and online customer query.
In 2007, J&B Software was acquired by 3i Infotech, a global information technology company. J&B Software is the 2007 winner of the TAWPI Hall of Fame Award for technology innovation and excellence and its 400+ employees are fully committed to improving operational effectiveness and profitability of its clients. For more information, visit the company website at: www.JBsoftware.com or call 215-641-1500.
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