Hypo Investment Bank protects Customers against high-risk persons

The Hypo Investment Bank in Vaduz of the Principality of Liechtenstein, has decided to support the money laundering prevention with a new system: The MLDS Name Matching software solution from the Innovations Softwaretechnologie GmbH, based in Immenstaad (Germany), periodically matches names of customers and payees against embargo lists.    

The specialty bank focuses on investment advisory services and asset management, and attaches great importance to their reputation. Special care is exercised in detecting high-risk and politically exposed persons. Special care in this conjunction also means matching data from several internal sources against select embargo lists. Discretion and upholding bank secrecy are of particular importance for the Hypo Investment Bank. Sabine Bergner, Manager of the IT Department: "Bank secrecy is our top priority, and the focus of our attention concerning the applications."
    
This requirement played a decisive role for the evaluation of the system. "»mlds name matching« was the only product capable of checking data from different sources - from the Oracle database to the Excel list," so Sabine Bergner. What also convinced us was the intuitive user interface and Innovations´ professional and technical competence.    

And Member of the Management Board Dr. Gerhard Lackinger confirms: "We now have a fundamentally new support to comply with anti-money laundering regulations. Clarifications for the avoidance of money laundering are now significantly simplified."

Overview: Customers