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Carreker’s CORE™ AML Filter Solution implemented by EBS Building Society to Help Meet Increasingly Stringent Money Laundering Compliance Requirements
CORE™ AML Filter Offers the Leading Mutual Building Society Enhanced Capabilities for Money Laundering Compliance
DALLAS, TEXAS – (September 06, 2006) — Carreker Corporation (Nasdaq: CANI), a leading provider of technology and consulting solutions for the financial industry, today announced that EBS Building Society, one of Ireland’s leading mutual building societies, has licensed and deployed its CORE™ AML Filter solution for advanced protection against possible suspicious or high-risk entities across the organisation.
Legislation such as the Criminal Justice Act of 1994 and the Third EC Money Laundering Directive are serving as the impetus to elevate money laundering compliance as a much higher priority for many of Ireland's top financial institutions.
Carreker’s CORE AML Filter system screens names and related data against industry blacklists, local high-risk lists and even customised positive lists to optimise alert volumes and minimise false positive results. When suspicious activity is identified, CORE AML Filter automatically alerts the appropriate personnel for timely, decisive action and reporting.
“One thing that makes EBS unique is the emphasis it places on constantly seeking new ways to improve the organisation, whether it’s through enhanced products or services or improved responsiveness to their members’ needs,” said Thomas G. Gordon, senior vice president, Risk Solutions Group, Carreker. “EBS selected CORE AML Filter following a lengthy evaluation period. The solution provides them with the latest in anti-money laundering compliance technology.”
CORE AML Filter utilises advanced fuzzy matching techniques to screen names in accounts, posted transactions and other data sources against watch lists and other required lists. The system can be customised to adapt to the appropriate risk-based approach for an organisation’s specific compliance needs.
J.D. (Denny) Carreker, chairman and CEO, Carreker, said, “While this transaction will not have a material impact on Carreker’s revenue, we are delighted that our proven solutions continue to add value by helping forward-thinking organisations like EBS Building Society and others in the Irish financial services community in their efforts in detecting and preventing financial crime.”
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.
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