Mitsubishi UFJ Adopts Fortent Monitor Anti-Money Laundering Solution

Published: 30-Jun-2009

Mitsubishi UFJ Trust and Banking Corporation implemented for its domestic operations

Fortent has announced that Mitsubishi UFJ Trust and Banking Corporation, a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, has opted for the Fortent Monitor anti-money laundering software for the firm's Japanese domestic operations.

Fortent claimed that it’s monitoring and detection systems deliver the lowest false-positive rates in the industry, reducing clients' compliance operating costs while helping them to meet regulatory requirements.

Robert Binney, Vice Chairman, Fortent, said: “With its selection of Fortent from amongst various solution vendors, Mitsubishi UFJ Trust and Banking Corporation decided that Fortent met with the requirement for 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.”

New York-based Fortent offers risk and compliance technology and information solutions to banks, insurance companies, brokerage firms, government agencies, businesses, and compliance professionals.

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