- Marsden Building Society Partnership:
- Marsden Building Society has chosen Jade ThirdEye’s Transaction Monitoring and Customer Screening for anti-money laundering (AML) defense.
- This move follows Leek, Dudley, and Progressive Building Societies in deploying Jade ThirdEye’s AML Software-as-a-Service solution in the UK.
- Jade ThirdEye’s AML Offering:
- Jade ThirdEye, launched in 2012 by Jade Software, provides AML solutions, including transaction monitoring, customer screening, case management, and reporting automation.
- Claims that over a third of UK-based building societies already use their technology.
- Marsden Building Society Background:
- Founded in 1860, Lancashire-based Marsden Building Society operates eight branches, offering banking services like savings and mortgages.
- Tracy Ashworth, the society’s secretary and general manager, emphasizes the benefit of automating transaction monitoring for focusing on investigating suspicious activities and protecting members from financial crime.
- Flexibility and Rapid Response:
- Tracy Ashworth highlights Jade ThirdEye’s flexibility in creating, managing, and changing AML and financial crime rules, allowing Marsden Building Society to respond rapidly to evolving risks.
Marsden Building Society taps Jade ThirdEye for AML tech
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