The Hindu Business Line : SDG warning system for Vijaya Bank

VIJAYA Bank has selected SDG Software Technologies to install BankAlert, an early warning system to detect money laundering, fraud and out-of-profile behaviour of customers and accounts.

Mr Suheim Sheikh, Managing Director, SDG Software, said Wipro Technologies would be system integrator for the deployment and the software was being integrated with Finacle, the core banking software from Infosys.

He said that the software would be a central installation as part of the bank's core banking solution. Bank officials said it would soon be operational in about 360 existing branches and 50 new branches.

About 75 per cent of the bank's business is routed through these branches.

The software would enable the bank to put every transaction through a validation check that would detect any abnormal transfer of funds to "undesirable hands".

More Stories on : Software | Economic Offences | Public Sector Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Registrars Association elects new Chairman

Weak data unlikely to worry Greenspan

Rupee firms up; bond prices fall

GTB scrip manipulation — SEBI probe to focus on old suspects

SDG warning system for Vijaya Bank

Insurance claim settled

Borewells won't drill a hole in AP ryots' pockets anymore

LVB in tie-up for NRI remittances

Rs 6 cr okayed at loan mela in Coimbatore

Dwarakanagar IOB branch renovated

Plastic money boosts retail spend

Tax spectre causes flight of NRI deposits