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Singapore, Jan 2005 Decillion Solutions Group,
a subsidiary of NEC Solutions Asia Pacific, and the official Business
Partner and Service Partner of SWIFT for Southeast Asia and South
Pacific region systems, has been appointed a VAR for leading compliance
software specialist STB Systems.
XXXX - London, Singapore, China and Australia - Through the new
relationship, STB-Detector customers will be able to purchase directly
STB's anti money laundering and transaction trend monitoring software
STB-Detector from Decillion.
The agreement covers sales and installation of
STB-Detector by Decillion in Singapore, Malaysia, Indonesia,
Thailand, Vietnam, Cambodia, Australia, New Zealand and China (including
Hong Kong).
Decillion provides a unique range of products and services to the
financial services industry. In addition, Decillion is also the official
S.W.I.F.T. Business Partner and Service Partner for South East Asia
and Australasia and has a competent team of certified consultants to
perform implementation, training, support and consulting services for
S.W.I.F.T and other products such as STB-Detector.
STB's proprietary anti money laundering system, STB-Detector, provides a
comprehensive addition to the defences of any financial institution. The
system has four modules: Suspicious Activity Monitoring, Account Opening
Due Diligence, Watch List Monitor and Investigations. These modules
provide extensive coverage of all the key areas of compliance. Account
movements can be checked against historical and peer group patterns, and
against a variety of absolute and flexible thresholds. Account opening
"Know-Your-Customer" procedures are enhanced and documentation renewal
reminders can be generated. Customer databases and payments may be
checked against any number of internal and external sanctions lists.
As Decillion explained, the agreement forms part of Decillionās strategy
to provide the best of breed solutions to its customers; "International
regulations mean that all institutions are now required to check their
clients for anti money laundering and transaction trend monitoring. STB-Detector
is quite simply the best solution in the market and this combined with
Decillionās expertise in the ASPAC region will enable our customers to
easily benefit from the STB solution."
STB-Detector is fast establishing itself as a global solution to money
laundering controls with installations in New York, London, Hong Kong
and Singapore.
Commenting on the agreement, Michael Thomas, Group CEO at STB Systems
said, "We are delighted that Decillion will provide sales and
installation services to the region for STB-Detector. Decillion has an
impressive reputation in the region and now with the strength of NEC
behind Decillion this is a very strong base for our solutions."
About Decillion Solutions Group
The Decillion Solutions Group is headquartered in Singapore with offices
in Kuala Lumpur, Bangkok, Sydney and a representative office in Jakarta
with a new subsidiary in Shanghai in late 2004. Decillion Solutions is a
niche banking IT company with a sharp focus on providing 'best of breed'
banking applications, SWIFT Service Bureau, Payment Systems, Trade
Processing and 'Straight Through Processing' (STP) solutions to
financial institutions in Asia Pacific Region.
Decillion is recognised as the official Business Partner and Service
Partner of SWIFT for Southeast Asia and South Pacific region with an
established record of over 300 successful SWIFT Alliance Installations
and service provision to more than 100 banks and financial institutions.
"Provide a boutique of 'Best of Breed' solution for financial
institutions."
www.decillion.com.sg
About STB Systems
STB is one of the world's leading vendors of automated compliance
reporting solutions for the financial markets. Founded in 1984, STB has
offices in London, New York, Hong Kong & Singapore.
STB's solutions are designed to automate the critical controls that
protect financial institutions, handling internal & external reporting
to satisfy the relevant regulatory bodies and assist in compliance with
anti money laundering procedures.
The company is one of just six recognised by the Bank of England for
electronic reporting and works closely with many other respected
industry bodies. STB's core competence puts them at the forefront of
regulatory & compliance technologies, offering best of breed solutions
for their customers.
www.stbsystems.com
Media contacts
STB Systems
India House
45 Curlew Street
London
SE1 2ND
Tel: +44 (0)20 7403 2188
Fax: +44 (0)20 7403 4425
info@stbsystems.com
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