Fortent Offers Hosted Solution For Midsize Financial Institutions
Fortent Connect crimes management solution fights crime and manages regulatory compliance
NEW YORK, June 22 /PRNewswire/ -- Fortent (http://www.fortent.com)
today announced that it will offer Fortent Connect, a solution designed
to help mid-sized financial institutions fight crime and manage
regulatory compliance, as a hosted service. Fortent Connect is easy to
use and delivers high performance at a competitive price.
Fortent Connect combines essential financial crime management and
compliance capabilities - sanctions and "PEPs" screening, anti-money
laundering (AML) and fraud monitoring, customer risk rating, alert
management and regulatory reporting -- into one system. Delivered as a
hosted service, Fortent Connect will offer the additional benefit of
lower start-up costs, faster implementation and easier operation.
Fortent also offers its all-in-one Connect solution as enterprise
software that a financial institution can install behind its own
"firewall."
"Using hosted software has become a smart option for business," said
Sandy Jaffee, Fortent Chairman and CEO. Advantages include lower total
cost of ownership, no capital outlay, access to the latest technology,
and reduced pressure on limited in-house IT resources, she noted.
Fortent also offers its industry-leading anti-money laundering
transaction monitoring and Know Your Customer solutions as hosted
services.
"Fortent is focused on delivering solutions that minimize complexity,
lower costs and enable organisations to make the best use of their
resources," Ms. Jaffee continued. "Coupled with the broad financial
crime and compliance management capabilities of Fortent Connect, the
hosted version delivers a powerful and cost-effective solution."
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