MEDIA RELEASE PR35233
Japan's Largest Trust Bank Selects Fortent Monitor Anti-Money Laundering Solution
TOKYO, June 30/PRNewswire-AsiaNet/ --
Fortent, a provider of risk and compliance technology and information,
today announced that Mitsubishi UFJ Trust and Banking Corporation (President:
Kinya Okauchi), a major wholly-owned subsidiary of Mitsubishi UFJ Financial
Group, Inc. (President & CEO: Nobuo Kuroyanagi), has selected the Fortent
Monitor anti-money laundering software for the firm's Japanese domestic
operations.
Mitsubishi UFJ Trust and Banking Corporation has over US$1,000 billion of
trust assets under management as of FYE March 2009.
Based in the United States, Fortent offers risk and compliance technology
and information solutions to banks, insurance companies, brokerage firms,
government agencies, businesses, and compliance professionals in more than
100 countries. Its advanced monitoring and detection systems deliver the
lowest false-positive rates in the industry, reducing clients' compliance
operating costs while helping them meet increasingly strict regulatory
requirements worldwide.
"With its selection of Fortent from among a various solution vendors,
Mitsubishi UFJ Trust and Banking Corporation decided that Fortent met the
requirement for an anti-money laundering software solution that was not only
best in class, but also had a proven track record both in the Japanese and
overseas markets and demonstrated its commitment to the Japanese market. We
are delighted with the decision by Mitsubishi UFJ Trust and Banking
Corporation for selecting us as it will strengthen our position as the
leading provider of financial crimes and compliance solutions in Japan," said
Robert Binney, Vice Chairman, Fortent.
Endorsed by the American Bankers Association, Fortent technology is used
by the world's largest financial firms across 50,000 locations. Fortent's
innovation and expertise in regulatory risk allow it to offer the most
advanced anti-money laundering, know your customer, and fraud detection
systems on the market today.
Through its award-winning information and training businesses, Fortent
offers the world's leading sources of regulatory news and analysis, the
industry's largest money laundering conference, and the leading certification
program for compliance professionals on six continents.
SOURCE: Fortent
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