Fin-Force, a joint venture established by Belgium's KBC and EDS to offer outsourced payment services to banks, has licensed the PinPoint anti-money laundering system from Dutch risk management vendor Data4s.
The PinPoint system integrates transactional data with customer information to create a complete profile of customer activity.
All transactions are screened against lists of known or suspected terrorists. Real time screening allows the bank to block transactions as and when high suspects alarms are generated.
Eddy Bex, CIO of Fin-Force, says: "As a third-party processor of cross-border payments, security is of utmost importance to us, so selecting a sophisticated real-time screening tool was an important process."