NominoData and Zencos announce partnership to provide financial institutions with operational and technical capabilities to meet Bank Secrecy/AML regulatory expectations. The collaboration will be featured at the ACAMS Financial Crimes/AML conference taking place in Las Vegas NV on 9/26-9/28/16.
Raleigh, NC, September 23, 2016 –(PR.com)– NominoData and Zencos are excited to announce a partnership ahead of the 2016 ACAMS Financial Crimes/AML conference. The partnership provides financial institutions with the operational and technical capabilities to meet Bank Secrecy Act/Anti-money Laundering (BSA/AML) regulatory expectations.
The partnership will focus on integrating NominoData’s sanctions, politically exposed persons and negative news service capabilities into the Zencos’s best of breed BSA/AML delivery approach for small and mid-size financial institutions. BSA/AML vendors in this market have struggled to merge transaction monitoring and customer risk ranking models with quality external data at a reasonable price- they established a partnership to help close the gap. A timely benefit of this partnership will be to help institutions meet new regulatory demands regarding negative news and sanctions screening of beneficial owners.
David Septoff, CEO of Zencos said “We are very excited about our partnership with NominoData. This partnership will enhance our ability to build and deliver onboarding and continuing know your customer as well as enhanced due diligence business process with NominoData’s sanctions, PEPs and negative news capabilities. In addition, NominoData will extend our customer’s options to monitor customer due diligence through our Risk Pathways engine.”
Rob Goldfinger, President of NominoData added “Zencos delivery of Financial Crimes technology for financial services is an excellent platform for the integration of due diligence data from NominoData. We are honored to partner with Zencos to enhance Zencos products and services with the end result of meeting business requirements to the delight of Zencos customers.”
Zencos is a technology delivery partner of SAS with a deep understanding of financial crimes detection and mitigation as well as a wealth of experience with SAS Financial Crimes Suite. Zencos has delivered AML and Fraud solutions for retail banks, credit unions, institutional banks, hedge funds and MSBs.