Factor3 Technologies Announces Latest Release of Business Activity Monitoring Platform for Financial Services

Factor3 Technologies Announces Latest Release of Business Activity Monitoring Platform for Financial Services

Latest release combines event-driven business intelligence and Business Process Management (BPM) to create a seamless brokerage productivity platform.

November 15, 2004 – Today Factor3 Technologies announced the latest release of their Business Activity Monitoring Platform (F3BAM). The new version delivers broker and operational productivity along with compliance functionality in a single solution.

"There's a tremendous focus on broker workstations and compliance solutions within financial services institutions. Factor3 has developed an enterprise solution that combines our broker workstation workflow environment with our powerful Business Activity Monitoring platform to bring firms a complete end-to-end offering," said Dave Cole, CIO of Factor3.

Built on an event-driven, services oriented architecture (SOA), new service offerings can be quickly brought on-line, and new compliance rules and alerts can be quickly added to the system. Your brokers can respond in real time to customer event notifications, increasing selling opportunities while providing outstanding customer service. The pre-built compliance framework of business rules and workflows address critical issues related to anti-money laundering, OFAC name scanning, surveillance, and risk management.

According to Scott DeLucero, CTO of Factor3, "We are excited to offer open solutions that are easily customized to support any firm's requirements".

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