Unisys' Singapore subsidiary is working with Actimize to implement a financial crime surveillance system for DBS Bank in Singapore that monitors transactions and analyses potentially suspicious patterns across the bank's product channels. DBS Bank is one of the largest financial services groups in Asia.
Research from Celent has indicated that Singapore and Australia are the countries most aware of AML requirements in Asia Pacific and predicts that growth in AML technology spend in the region will outstrip the US and Europe in 2008.
Unisys will deploy Actimize's fraud prevention and anti-money laundering solutions across DBS Bank's Asia Pacific operations. The enterprise-wide risk management platform and surveillance system is designed to enhance DBS Bank's capability to detect potential fraud, misconduct, money laundering and terrorism financing activities. The solution uses analytics to identify, manage and reduce potential risks by
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