Marsden Building Society taps Jade ThirdEye for AML tech
The UK’s Marsden Building Society has selected Jade ThirdEye’s Transaction Monitoring and Customer Screening offering to help strengthen its defences against money laundering and financial crime.
Marsden Building Society partners Jade ThirdEye
The firm becomes the fourth UK building society to deploy Jade ThirdEye’s anti-money laundering (AML) Software-as-a-Service (SaaS) solution this year following Leek Building Society, Dudley Building Society and Northern Ireland’s Progressive Building Society.
Launched in 2012 by Jade Software, Jade ThirdEye’s AML offering enables firms to automate ongoing transaction monitoring, customer screening, case management and reporting.
The company claims that over a third of all UK-based building societies now utilise its technology.
Tracy Ashworth, Marsden Building Society’s secretary and general manager, says automating transaction monitoring and customer screening “will free up more time for the team to focus on the investigation of suspicious activity and protect our members from financial crime”.
“Jade ThirdEye also provides us with the flexibility to create, manage and change anti-money laundering and financial crime rules so we can respond rapidly to changing risks,” she adds.
Founded in 1860, Lancashire-based Marsden Building Society boasts eight branches across the county, providing banking services such as savings and mortgages for its members.
