Datanomic’s dn:Director Sanctions & PEP Screening software becomes platform of choice for financial services

13 August 2008

Know-Your-Customer and Anti-Money Laundering specialist, Datanomic Ltd, today announced record customer adoption and market penetration of its award winning dn:Director Sanctions & PEP (Politically Exposed Persons) Screening software. Fuelled by increasing anti-money laundering legislation, reputational risk and best practice guidelines, Datanomic has provided screening software for approximately one billion customer records to date, and is the trusted platform of choice in the financial services market to help mitigate risk, avoid multi million pound fines, and help safeguard the reputations of some of the world’s most respected companies.

Datanomic’s dn:Director Sanctions & PEP Screening software is now the platform of choice for fifty percent of the UK’s top 10 Asset Management firms, the UK’s largest VC/Private Equity firm, major credit card issuers, as well as the largest Financial Third Party Administrator in the UK. Datanomic’s anti-money laundering solution is now installed across the four continents of Europe, Africa, Asia and the Americas. Furthermore, market penetration has now expanded outside of the traditional financial services sector and now includes large customer implementations in the mobile money sector with Vodafone - the largest mobile money brand – and is also rapidly gaining market share in other industry sectors.

“Our success in the financial services sector continues to rank us as the leading AML screening solution and platform of choice for some of the most respected names in the financial markets,” said Dr Jonathan Pell, CEO of Datanomic Ltd. “We are seeing other industries, such as airlines, telecommunications, energy and utilities, Government and the legal sector wanting to become more vigilant in screening employees, contractors, suppliers, partners and associates against Sanctions, money laundering, crime, terrorism and politically exposed persons (PEP) databases due to the nature of their businesses. All of the issues surrounding Know Your Customer regulations are equally relevant to many companies outside of the financial services sector, which is why we are now seeing significant traction in other markets to comply with legislation and avoid hefty financial penalties. Know Your Employee and Know Your Supplier have become equally important requirements for all organisations to manage business and reputation risk.

Datanomic’s dn:Director Sanctions/PEP Screening software is a third generation solution which has earned a reputation for stability, reliability and scalability -from the desktop to the data centre. It has become synonymous with best practice client screening.”

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