As a result of the volume, speed, and complexity of today’s sanctions screening environment, extreme vigilance is required, supported by best-in-class data analytics and orchestration that allow for continuous and rapid oversight.

The Paris-based Orange Bank has teamed up with SAS and Neterium to implement real-time sanctions screening in the cloud in order to meet these contemporary requirements.

According to Veronique McCarroll, Deputy CEO of Orange Bank, “Our newly implemented AML-CTF (Anti-Money Laundering/Anti-Terrorist Financing) technology, driven by SAS and Neterium, is already a game-changer.”
Orange Bank started thinking about new sanction screening techniques in 2021 in an effort to be on the cutting edge of banking innovation. Its compliance team would be able to tighten safeguards against French banks in the battle against money laundering (AML) and the funding of terrorism thanks to the real-time switch (CTF). The bank has also tried to organise the different technologies that its analysts utilise and administer. To make his vision a reality, he turned to SAS.

Source: Prnewswire