Korean bank picks Mantas AML soln

SEOUL: Mantas Inc., regulatory compliance, loss prevention and revenue generation solutions provider, today announced that Korea Exchange Bank, has selected the Mantas Anti-Money Laundering (AML) solution.

Mantas said in a statement that AML solution is designed to meet upcoming Korean AML regulations as well as enable the bank to expand its international business in Asia, Europe, and the US.

A business unit of i-flex solutions, Mantas’ AML mitigates risk with comprehensive, enterprise-wide surveillance of customer, account and transaction information to alert supervisors to suspicious behaviors, Mantas statement added.

“Korea Exchange Bank’s requirement to meet local and global AML regulations is indicative of a growing customer segment we serve,” said S Ramakrishan, CEO for Mantas and Reveleus.

“The Mantas platform, with its ability to meet global regulatory demands and strong double-byte enablement purpose-built to serve the demands of an Asian bank, provides ability to future-proof their compliance initiatives and grow their business,” he added.