Tokyo and New York (ANTARA News/PRNewswire-AsiaNet) - Risk and compliance specialist Fortent announced today that Mizuho Financial Group 
will implement Fortent's anti-money laundering (AML) solution throughout the bank's domestic Japanese operations. Mizuho Financial Group (TSE: 8411; NYSE: MFG) is one of the world's largest banks, with assets of close to $1.3 trillion.
Mizuho will deploy Fortent AML Version 6 -- the latest version of Fortent's AML system that features enhanced correspondent banking capabilities and highly efficient alert investigation tools. Fortent has fully localized AML Version 6 for the Japanese market.
"We are totally committed to having the most advanced anti-money laundering solution available on the market today," said Mizuho's Hiroshi Motoyama, Managing Director and Member of the Board of Directors. "After reviewing several proposals of solution providers, we chose Fortent based on the powerful capabilities of their software, their proven track record with clients, and, most important, their commitment to and understanding of the Japanese market."
Robert Binney, Fortent's Vice Chairman, remarked: "We are very pleased to have been selected by Mizuho, which will be our first deployment within a Japanese bank's domestic operations."
"Fortent's work with the banking community over the past decade has given us a deep understanding of regulatory issues all over the globe, allowing us to become real partners with banks in managing risk," Mr. Binney continued.
"Our systems are backed up by a management team that truly grasps clients' needs for efficiency and effectiveness," said Mr. Binney. "The American Bankers Association has recognized Fortent AML as 'best in class,' and we bring that highest level of expertise to all our work with clients, wherever they operate."
If you would like to speak with Mr. Binney, please contact Davia Temin or Suzanne Oaks of Temin and Company at 212-588-8788 or news@teminandco.com.
About FortentFortent provides risk and compliance solutions to financial institutions, government agencies, and individuals in more than 100 countries. It has relationships with more than 400 institutional clients, including 26 of the world's 30 largest financial firms, which use Fortent technology in over 50,000 locations worldwide.
Fortent combines technology innovation and expertise in regulatory risk to help financial institutions improve productivity and protect hundreds of millions of accounts from money laundering, terrorist financing, and other financial crimes. Endorsed by the American Bankers Association as the industry gold standard, Fortent's advanced systems deliver the most efficient and effective anti-money laundering, know your customer, and fraud detection available on the market today. Technology clients include The Bank of New York Mellon, Bank of Tokyo Mitsubishi-UFJ, Barclays, JPMorgan Chase, Justice Federal Credit Union (U.S. Department of Justice), Lloyds TSB, The Royal Bank of Scotland, Scotiabank, Societe Generale and UBS.
Through its information and training businesses, Fortent serves as an authoritative source of regulatory information, news, and guidance. Alert Global Media publishes moneylaundering.com and Money Laundering Alert, and, in Spanish, lavadodinero.com. It also produces the world's largest money laundering conference and exhibition. Other services include the industry's leading professional certification program, career planning tools, web seminars, and conferences in the U.S., Europe, Latin America, and the Middle East.
Fortent's global team operates from key offices in New York, Miami, Atlanta, London, and Tokyo. For further information, visit
www.fortent.com.
CONTACT: Davia Temin or Suzanne Oaks of Temin and Company,
212-588-8788, or news@teminandco.com, for Fortent.
SOURCE:
FortentCONTACT: Davia Temin or Suzanne Oaks of Temin and Company,
+1-212-588-8788, or
news@teminandco.com,
for Fortent
Web site:
http://www.fortent.com
