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June 24, 2024

IT firm MDI Novare presents new money laundering solution for rural banks

The tech solutions firm offers more solutions to combat money laundering.

MDI Novare has unveiled new solutions to help local rural banks and financial institutions combat money laundering.

MDI Novare launched SIEVE AML Transaction Monitoring System, a wide-ranging anti-money laundering solution which utilized analytics, data integration, alert/case management, and regulatory reporting.

SIEVE AML system’s key features consist of automated transaction monitoring, network analysis, 360-degree analysis of customers and their respective transactions, and a simple interface.

It aims to forge partnerships with rural banks to further protect clients in the countryside.