Industry Perspectives

“In the expanding space of enterprise risk management, there is a core subset of technology for monitoring and preventing fraud and financial crime. Banks will move away from home-grown and point solutions, in order to pursue enterprise solutions that align compliance practices with a more holistic approach to risk management.”
Susan Landry, Managing Vice President
Gartner

“We have been impressed with the quality, professionalism and speed of NetEconomy's implementation at Citizens. The system is currently delivering exceptional performance, capability and results, and will allow for significant growth in transaction volume as we expand over time.”

James Mignone
Senior Vice President, Director Risk Management,
Citizens Financial Group

“We extensively investigated the anti-money laundering software tools available, even though NetEconomy was already successfully running at ING Romania, Curaçao (Dutch Antilles) and The Netherlands. The results have given us the assurance and confidence we need, to proceed with NetEconomy and to extend their software across our banking institutions worldwide.”

Klaas de Wit
Senior Compliance Officer
ING Bank

“We’re getting excellent results with Neteconomy and are very pleased with the quality of suspicions generated, using smart technology such as ‘peer to peer’ profiling.”

Russell Johnston
Head of Legal Compliance (Consumer Affairs) and Deputy Group Money Laundering Reporting Officer
Nationwide Building Society

“By selecting NetEconomy, we go to the next-level in terms of compliance best-practices and technology efficiencies for managing, investigating and reporting money laundering and fraudulent activity.”

Amanda Hughes
MLRO
Abbey

“With NetEconomy we found a monitoring system that can manage both the traditional and the new risks we are facing. Moreover, this system scales with our organization, products and services, ensuring that we are able to manage risk efficiently in periods of change and growth”

Rachid Koorn
Manager Risk & Fraud
Telfort

“NetEconomy has been chosen by Saffron Walden Herts & Essex Building Society from the systems evaluated because it provides the most effective solution for identifying potential money laundering and fraudulent activity both now and in the future.”

Christopher Murphy
Head of Compliance
Saffron Walden Herts & Essex Building Society

“We chose NetEconomy because its proven technology in the AML space complements our Microsoft platform for delivering cost-effective enterprise back-office solutions.”

Warren Lewis
Managing Director for the Banking Industry
Microsoft

“NetEconomy’s robust family of risk management software provides valuable ongoing transaction monitoring, case management and reporting functionality, which are key to protecting value and reputation in financial organizations.” 

Hank Summy
President
Sapient Canada

“Our strategic alliance with NetEconomy allows us to deliver a comprehensive world-class risk management solution that meets these requirements in some of today’s most challenging environments. We are very pleased to be positioned as NetEconomy’s preferred implementation partner in America.” 

Peter Cahill
Executive Vice President
ADS

Butler Group believes Neteconomy has a sound approach and that this is highly credible offering.

Butler Group Business Intelligence Research Paper, January 2002

“Among others we chose NetEconomy to be one of our partners within our anti-money laundering services because their family of risk management software offers a fine methodology for on-going transaction monitoring — the key to an effective KYC policy.” 

René Ewals
Senior Manager
PricewaterhouseCoopers The Netherlands

“NetEconomy's solution extends far beyond the compliance aspect of anti-money laundering to the business mandate of proactively addressing the growing threat of financial crime. NetEconomy's solution’s great workflow features make it a user-friendly solution for institutions to add to their enterprise risk management arsenals.”

Virginia Garcia
Senior Analyst
Tower Group

“NetEconomy’s solution offering is the culmination of years of experience working with its global customer base. NetEconomy provides impressive performance and a sound approach to unified risk prevention, detection and workflow management with NetEconomy's Financial Crime Suite.”

Neil Katkov
Senior Analyst
Celent Communications