Comerica Chooses Actimize and IBM for Anti-Money Laundering Compliance

NEW YORK – May 30, 2007 – Actimize Inc., a leading provider of compliance and fraud prevention solutions for the financial services industry, and IBM (NYSE: IBM) today announced that Comerica, one of the top 20 largest US banks, has selected Actimize Anti-Money Laundering (AML) software and IBM Global Business Services to help manage AML compliance across its retail, commercial, securities and trust divisions. 

Comerica is moving to an Actimize AML solution that delivers a single view of AML process across the enterprise including sophisticated monitoring capabilities such as watch list screening, many AML detection scenarios, peer group monitoring, and Logical Entity alerting.  IBM Global Business Services is helping Comerica implement the new Actimize solution and integrate it with their existing infrastructure.  

“Comerica is committed to maintaining a strong anti-money laundering program by developing best practice procedures and deploying best of class technologies,” said Susan Joseph, Senior Vice President & Director of Financial Intelligence for Comerica. “We are impressed with the comprehensive capabilities of Actimize’s AML solution and IBM’s proven track record of implementing new banking technologies with minimal risk.”

“Banks require AML technologies that are open, flexible, and capable of integrating information from across the enterprise to reduce risk and support future compliance needs,” said Seth Twery, Partner, Banking Risk Solutions, IBM Global Business Services. “The combination of Actimize software and IBM’s world class financial services and IT consulting helps banks like Comerica mitigate risk while driving shareholder value.”

About Actimize

Mitigating transactional risk across enterprise silos, Actimize is a leading provider of software solutions for anti-money laundering, brokerage compliance, customer due diligence and fraud prevention. Built on a patented, scalable and extensible analytics platform, Actimize solutions enable financial institutions to increase their insight into real-time customer behavior and improve risk and compliance performance. Six of the top 10 global banks and eight of the top 10 U.S. brokerages use Actimize solutions to process hundreds of millions of transactions a day. Actimize has offices in New York, Israel, London and Tokyo.  For more information, go to www.actimize.com.

 

For more information about IBM banking solutions, visit www.ibm.com/banking.

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