Home » NEWS » Banking & Finance » Hancock Bank buys anti-money laundering solution

Hancock Bank buys anti-money laundering solution

GULFPORT — Hancock Bank is implementing NICE Actimize’s anti-money laundering, fraud prevention and enterprise risk case management solutions. The bank decided upon a single-vendor selection to “future proof” its technology roadmap during a period of rapid growth for the bank.

Hancock Bank’s deployment of NICE Actimize’s solutions will address online ACH (Automated Clearing House) and wire fraud issues, working to stop losses before they occur. The firm’s anti-money laundering solutions will also support customer onboarding and provide sanctions screening and suspicious activity monitoring for the bank. A cross-channel approach to fighting financial crime is becoming increasingly more common for mid-tier financial institutions as they move toward developing consolidated financial crime strategies to decrease costs and improve effectiveness.

“It was key for us to select a vendor who would enable us to future proof our technology roadmap,” said Jeff Theiler, senior risk officer, Hancock Bank. “We are confident in NICE Actimize’s demonstrated market leadership and proven ability to implement its solutions quickly and effectively to address our immediate needs, which include the operational integration of our recent Whitney acquisition, as well as support our anticipated rapid growth. These factors were critical in our decision to standardize on NICE Actimize’s financial crime platform and solutions.”

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About MBJ Staff

Leave a Reply

Your email address will not be published. Required fields are marked *

*