Foreign Trade Bank implements the system of counteraction of money laundering

The VTB bank signed with IBM the agreement on implementation of an automated system of counteraction of money laundering and financing of terrorism based on the solution Norkom Technologies. The project will be developed and implemented by forces of specialists of division of IBM Global Business Services and Norkom Technologies.

Objectives

The solution of Norkom will allow VTB bank to perform complex monitoring of transactions, to reveal the suspicious transactions and transactions which are subject to mandatory control. Specialists of IBM will provide integration of a monitoring system with corporate information storage of bank.

For integration of Norkom AML with corporate information storage of bank software products of IBM are used: IBM InfoSphere DataStage and IBM InfoSphere Information Analyzer. The software developed on the basis of IBM InfoSphere DataStage performs selection of necessary data on banking activities, accounts, clients and executes data loading in a Norkom system DB for further monitoring and the analysis. IBM InfoSphere Information Analyzer analyzes structure of the data warehouse, reveals not consistency of data, violations of integrity, lack of important information still before it is included in the Norkom system.