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Carreker
Corporation Press Release - October
28, 2004
Carreker and Knowledge Platform
Announce Alliance to offer Anti-Money
Laundering Compliance
Training Solution
AML Compliance Training to be Offered With
Carreker’s CORE AML Product Suite
DALLAS, TEXAS (October 28, 2004) — Carreker
Corporation (Nasdaq: CANI), a leading provider of
technology and consulting solutions for the financial
industry, and Knowledge Platform, a leading provider
of Customized Online Learning Content, today announced
that they have formed an exclusive alliance enabling
Carreker to offer Knowledge Platform’s Online
Anti-Money Laundering (AML) Compliance training to
its growing global client base of financial and non-financial
institutions.
The alliance allows Carreker to broaden its AML
offering by providing its clients with Knowledge
Platform’s customized online training on complex
money laundering legislative and compliance issues
globally.
Knowledge Platform provides online learning content
and instructional design services for a variety of
subject matters, including financial compliance,
business re-engineering, and regulatory compliance.
Clients who choose the training will be educated
on an array of AML-related topics including Know
Your Customer (KYC), recognizing suspicious activities,
countering terrorist financing and the latest national
and international standards from legislative acts
and money laundering requirements such as the USA
Patriot Act and BASEL II.
“When it comes to compliance issues, financial
institutions around the world are increasingly being
scrutinized and held to higher standards by regulators,” said
Thomas G. Gordon, senior vice president, Risk Solutions
Group, Carreker. “By combining our AML product
offerings with Knowledge Platform’s innovative
training services, we can go beyond simply providing
our clients with anti-money laundering solutions.
Now they can also leverage the knowledge gained through
comprehensive online training and other advanced
learning techniques to ensure that their personnel
fully comprehend and keep current with complex AML
compliance issues.”
“We chose to partner with Carreker because of
their unparalleled leadership in providing risk management
solutions that protect the reputations and assets of
financial institutions around the world,” said
Mahboob Mahmood, CEO, Knowledge Platform. “Through
the balanced combination of learning courseware development,
content delivery and applied expertise, such as AML-related
material, we can successfully provide Carreker clients
with the tools and information needed to understand
and comply with the growing number of anti-money laundering
laws and regulations.”
Knowledge Platform’s web-based AML compliance
training will be offered to current and prospective
customers of Carreker’s CORE™ (Carreker
Online Risk Expert) AML Filter and CORE Fraud Manager
AML solutions.
CORE AML Filter compares transaction and account
data against negative and positive lists, applying
advanced detection techniques that minimize false
positives while identifying suspicious data points
in both batch and real time. The software can take
data from across the enterprise and compare it against
industry or bank-specific lists. These lists can
be updated and processed automatically against existing
data to generate alerts that are routed to appropriate
personnel for action based on risk, priority or a
variety of content categories.
CORE Fraud Manager AML is an advanced transaction
monitoring system that analyzes and captures data
across products, accounts, channels and business
unit boundaries to provide an enterprise-wide solution
with fully scalable point solution capabilities.
It enables the user to break down siloed processes
while maintaining an ability to function within a
single business unit. By analyzing and comparing
monetary and non-monetary data across all available
channels and sources, Fraud Manager identifies suspicious
activity that may be indicative of money laundering
to generate alerts using a risk-based approach.
J.D. (Denny) Carreker, chairman and CEO, Carreker,
said, “Our alliance with Knowledge Platform
allows us to help clients meet the stringent requirements
of today’s continually-evolving AML regulations,
by providing them with flexible, customizable solutions
and allowing them to better understand how these
compliance issues will impact their organizations
today and in the future. This alliance is another
example of how Carreker continues to take a leadership
role in providing our global client base with advanced
solutions and services that significantly reduce
the organization’s exposure to risk.”
About Carreker Corporation
Carreker Corporation improves earnings for financial
institutions around the world. The Company’s
integrated consulting and software solutions are
designed to increase clients’ revenues and
reduce their expenses, while improving security and
increasing the value of their customer relationships.
Carreker provides products and services to more than
250 clients in the United States, Canada, the United
Kingdom, Ireland, continental Europe, Australia,
New Zealand, South Africa, South America, Mexico,
and the Caribbean. Clients include the full range
of community, regional and large banks, among them
more than 75 of the largest 100 banks in the United
States. Headquartered in Dallas, Texas since 1978,
Carreker Corporation has offices in London and Sydney.
For more information, visit www.carreker.com.
About Knowledge Platform
Knowledge Platform is a leading provider of innovative
knowledge solutions to help companies succeed in
the knowledge economy. By providing services such
as Online Learning content, instructional design,
training solutions, and Online Learning technology
consulting, Knowledge Platform helps its clients
to increase their learning efficiency. Headquartered
in Singapore, Knowledge Platform has a rapidly
growing, blue chip enterprise, banking, educational,
and government sector client base. For more information
regarding Knowledge Platform, visit www.knowledgeplatform.com.
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