Based in Paris, Banque AGF is a retail bank and member of the Allianz Group, one of the leading global services providers in insurance, banking and asset management serving more than 70 million customers in 70 countries. NetEconomyâs Compliance Manager solution will monitor and profile all of Banque AGFâs customers and transactions to detect unusual activity, and provide analysis tools and an integrated case management system for storing suspicious activity evidence and generating required regulatory reports.
âBanque AGF was looking for a user friendly and easily deployable automated anti-money laundering system that could meet our immediate AML needs today, but also provide the flexibility and capability to extend to other product lines and financial crime areas in the future,â said Martine Protat, Compliance Manager, of Banque AGF. âAfter a thorough evaluation process, NetEconomy was selected because it represented the most effective solution to meet these requirements. By being able to leverage the NetEconomy AML system for our insurance business, AGF will better be able to protect our customers and mitigate financial crime across our financial institution.â
âWe are extremely pleased to add Banque AGF to our growing roster of banks within France,â said Peter Kwakernaak, Chief Commercial Officer of NetEconomy. âBy selecting NetEconomy, Banque AGF will benefit from reduced total cost of ownership (TCO). Our modular holistic solution can span new geographies, product lines and crime areas for streamlined delivery, reduced compliance costs and enterprise-wide financial crime risk reduction, not only for banking, but also for insurance operations.â