NetEconomy Expands Operations into Australia and China

NetEconomy, the global leader in financial crime management and compliance solutions, today announced it has opened offices in Sydney and Shanghai to expand its foothold in the Asia Pacific region and support its new customers.

NetEconomy’s new customers in China and Australia will be using its ERASE® financial crime solutions to improve monitoring and detection capabilities for fraud, money laundering, terrorist financing and market abuse, and to ensure regulatory compliance within these regions.

“NetEconomy is a strong global company committed to providing our new customers with the highest levels of service, innovation and success,” said Sebastian Kuntz, CEO of NetEconomy. “By expanding operations into China and Australia we are well positioned to capture new growth opportunities in this rapidly expanding financial crime solutions market. NetEconomy’s comprehensive and easily deployable solutions are uniquely suited to helping clients quickly and effectively address emerging risks and regulatory challenges within these important regions. Furthermore our solutions contribute to improved operational risk management and the capital adequacy requirements as set out in Basel II.”

In May of 2005, NetEconomy opened an office in Kuala Lumpur, Malaysia to expand its sales operations and to support its growing customer base in the Asia Pacific region. Today the Kuala Lumpur office will operate as the regional headquarters for this region. NetEconomy services and supports customers across Singapore, Malaysia, India, the Middle East and the Philippines.