CIBanco deploys Swift’s compliance services suite
Fighting financial crime with Swift
Mexico-based CIBanco has signed for a compliance services suite from Swift, which comprises compliance analytics and sanctions screening tools and KYC Registry.
“Data analysis plays an instrumental role in the early detection and prevention of financial crime,” states Mario Maciel, CEO of CIBanco.
“Compliance Analytics provides global oversight and detailed analysis, enabling us to act rapidly and appropriately to address risks.”
He adds this project is “an illustration of the bank’s commitment to invest” in technology to fight financial crime, one of the industry’s “most pressing challenges”.
CIBanco follows in the footsteps of a group of eight central banks in Latin America, which signed for the suite last year.
