J&B Software To Showcase Antimoney Laundering Solution At The 9Th Annual FIBA AML Compliance Conference
J&B Software, Inc, a provider of enterprisewide Payment processing and content management will be exhibiting at the 9th Annual FIBA AML Compliance Conference in Miami from February 1920, 2009.
J&B Software will be located in Exhibit Booth #21 and will be highlighting its next generation Anti Money Laundering Solution, AMLOCK.
AMLOCK provides a flexible endtoend Riskbased approach to AML compliance. The solution utilizes an easytouse interface and includes Know Your Customer functionality, riskbased transaction monitoring, extensive case management and easy filing of compliance reporting. In addition, when an AML threat scenario changes, the system's monitoring scenarios can be easily updated to comply with that change. AMLOCK also provides a "what if" capability to allow compliance personnel to see the results of a proposed change before making it permanent within the system.
"J&B's new enhanced AML solution is a truly scalable, purposebuilt solution that has been designed to uncover the flow of illicit funds and to meet the compliance requirements of increasing regulatory oversight," observes Jim McShea, Executive Vice President of Sales and Marketing for J&B Software. "The AML screening process involves carrying out a multitude of verifications comprised of list screening, violation of regulatory norms, pattern recognition and alerting ‘out of profile' behavior."
Many large financial institutions have implemented AMLOCK within their operations on a global scale, entrusting their AML needs to J&B Software. "Preventing money laundering is a global challenge and transcends borders," remarks McShea. "Today's financial institutions are operating in a global environment and J&B Software is fully committed to answering the needs of all financial institutions wherever they operate."
For more than 25 years, Florida International Bankers Association (FIBA) has represented the international banking community and fully understands the AML/BSA compliance risks and challenges that the financial industry faces today. Now in its 9th edition, The FIBA Annual AML Compliance Conference is the industry's premier gathering of the most senior financial institution Compliance, AML Executives and leading solution providers.
About J&B Software
J&B Software provides payment processing, imaging, document management and capture solutions to businesses worldwide. The Company works with over 160 industry leading organizations including regional and money center banks, insurance companies, mutual funds, credit card processors, brokerage, telecom, utilities, government, nonprofit and commercial organizations.
J&B Software`s library of core applications and product modules utilize open architecture software and hardware platforms. The Company's extensive application suite includes solutions for retail/wholesale lockbox, remote image capture, ARC/Check 21 electronic clearing, intelligent document recognition, healthcare EOB processing, fullpage document management, transaction archive and online customer query.
J&B Software is a wholly owned subsidiary of 3i Infotech, LTD., a global information technology company. J&B Software is a winner of the TAWPI Hall of Fame Award for technology innovation and excellence and its 400+ employees are fully committed to improving the operational effectiveness and profitability our clients. For more information, visit: www.JBSoftware.com.
SOURCE: J&B Software,Inc