Tata Consultancy Services’ AML and KYC compliance solution helps Entris enhance payment transaction surveillance, improve risk management and compliance capabilities for the bank and its affiliates
PRESS RELEASE
BERN | MUMBAI, March 05, 2024: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has successfully implemented its award-winning solution Quartz for Compliance for Entris Banking (ENTB), Switzerland.
Based in Bern, ENTB specializes in transaction banking and business process outsourcing for small and mid-sized banks in Switzerland. With the implementation of Quartz, ENTB will be able to proactively detect and mitigate fraud and compliance risks.
The goal behind this digital transformation was for strengthening ENTB’s transaction monitoring and sanction screening capabilities. Quartz, an AI-driven anti-money laundering (AML)/ KYC and financial crime detection solution, assists ENTB in managing fraud and compliance risks, enforcing anti-money laundering and counter terrorism financing regulations, and adhering to FATF (Financial Action Task Force) 40+9 recommendations and international directives from Financial Crimes Enforcement Network, the European Union, and State…
