NetEconomy says Celent has named it a leading anti-money laundering solution provider in its recent report, ‘Evaluating the Vendors of Anti-money Laundering Solutions 2006.’
Published by Celent, the 100-page report is based on vendor responses to an extensive RFI, in-depth product demonstrations, and over 50 conversations with the financial institutions that use the software.
“NetEconomy’s ERASE solution provides perhaps the best value among the high-end AML systems on the market today,” says Neil Katkov, the Senior Analyst of Celent. “NetEconomy delivers a user-friendly and effective product at a relatively low cost. In addition, with pre-programmed scenarios for multiple financial crime areas and country-specific compliance localization, its solutions offer a quick and reliable way for financial institutions to meet new regulations.”
“The strong commitment of financial institutions across the globe to mitigating money laundering and terrorist financing activity is substantiated by the considerable investments and advancements in technology profiled in this report,” adds Richard McCarthy, the Vice President of Product Marketing at NetEconomy. “We appreciate Celent’s recognition of our significant progress and strength in the anti-money laundering arena.”