Korea Exchange Bank, the country’s largest foreign exchange bank, has purchased the Mantas Anti-Money Laundering application.
Mantas was selected because of its reputation and expertise indesigning solutions to meet global regulatory demands, the bank said in a statement.
“Korea Exchange Bank’s requirement to meet local and global AML regulations is indicative of a growing customer segment we serve,” says S. Ramakrishan, CEO for Mantas and Reveleus. “Big multinational institutions like Citibank, Credit Suisse and ABN Amro have been using Mantas AML for several years because we provide a platform approach and offer multiple products, as well as analytics, data mining, and intelligent technologies. The Mantas platform, with its proven ability to meet global regulatory demands and strong double-byte enablement purpose-built to serve the demands of an Asian bank, provides unparalleled ability to future-proof their compliance initiatives and grow their business.”