NICE Actimize’s anti-money laundering solutions have been selected by Indonesia’s PT Bank Central Asia Tbk (BCA).

Regulatory pressures, combined with the fact that the bank was using a previously installed transaction monitoring system that did not cover the full range of its product offerings, resulted in the creation of a new anti-money laundering strategy and the adoption of key components of Actimize’s Anti-Money Laundering (AML) suite. Upon completion, its software system is expected to monitor 12 million accounts throughout Indonesia.

Endra Halim, Group head core application management, BCA says: “We worked closely with NICE Actimize and Q2 Technologies to develop an effective and rapid deployment strategy for integrating Actimize solutions with our existing applications. The main objectives are to fully comply with regulatory requirements and to move from a manual to a fully updated real-time monitoring capability. It is important for our bank to be seen as an early adopter of an automated system in our region, and we feel this strong direction will give us a competitive advantage in the marketplace.”

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