Bravura Solutions, an Australia-based supplier of financial applications and professional services has signed a partner program agreement with International Financial Systems Australia (i-Financial) to supply anti-money laundering software to its clients.
It has reported that i-Financial’s MLTrac anti-money laundering product delivers web-based compliance tools that together help to identify, track and regulate suspicious or illegal activities in respect to money laundering and the proceeds of crime. The product also offers an approach tailored to provide the appropriate level of functionality for the defined level of risk and need of each entity. Additionally, its online features capture data and relevant documentation from new customers, checking it against government watch lists and electronic verification services. The product detects changes in the lists and continuously sweeps the existing customer database ensuring that all customers remain compliant. MLTrac can also link into third party providers.
Darren Stevens, Bravura’s Global Head of Product, said: “It was important to choose a partner that has a presence in both Australia and the UK, and would be able to assist our clients in identifying and tracking suspicious transactions. We chose i-Financial because of its solid track record in providing responsive service, successful delivery and superior technical skills across a broad range of hardware, software and service offerings.”
i-Financial is a provider of software solutions, services and equipment to banks, credit unions and financial institutions.
