Temenos, a provider of integrated core banking systems, will provide the new anti-money laundering solution."The bank's approach to global compliance is unequivocal. We want to lead by example and have found the right product to help us protect that position," said Paul Fabara, managing director and global head of operations, regulatory implementation and planning at Barclays.
Barclays plans to use Temenos' Linguistics application, which focuses on addressing cultural variations, to provide more sophisticated web technologies for its Internet business. Jean-Michel Hilsenkopf, regional director at Temenos, said: "As regulatory challenges for banks increase, Temenos' market leading experience represents a major step forward in protecting individuals and institutions against sanctioned entities and terrorist financing."
