TOKYO, June 30 /PRNewswire/ -- Fortent, a provider of risk and compliance technology and information, today announced that Mitsubishi UFJ Trust and Banking Corporation (President: Kinya Okauchi), a major wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (President CEO: Nobuo Kuroyanagi), has selected the Fortent Anti-Money Laundering software for the firm's Japanese domestic operations.
Mitsubishi UFJ Trust and Banking Corporation has over US$1,000 billion of trust assets under management as of FYE March 2009.
Based in the United States, Fortent offers risk and compliance technology and information solutions to banks, insurance companies, brokerage firms, government agencies, businesses, and compliance professionals in more than 100 countries. Its advanced monitoring and detection systems deliver the lowest false-positive rates in the industry, reducing clients' compliance operating costs while helping them meet increasingly strict regulatory requirements worldwide.
With its selection of Fortent from among a various solution vendors, Mitsubishi UFJ Trust and Banking Corporation decided that Fortent met with the requirement for anti-money laundering software solution that was not only best in class, but also had a proven track record both in the Japanese and overseas markets and demonstrated its commitment to the Japanese market. We are delighted with the decision by Mitsubishi UFJ Trust and Banking Corporation for selecting us as it will strengthen our position as the leading provider of financial crimes and compliance solutions in Japan, said Robert Binney, Vice Chairman, Fortent.
Fortent provides risk and compliance solutions to financial institutions, government agencies, and individuals in more than 100 countries. It has relationships with more than 400 institutional clients, including 26 of the world's 30 largest financial firms, which use Fortent technology in over 50,000 locations worldwide.
Fortent combines award-winning technology innovation and expertise in regulatory risk to help financial institutions improve productivity and protect hundreds of millions of accounts from money laundering, terrorist financing, and other financial crimes. Endorsed by the American Bankers Association, Fortent's advanced systems deliver the most efficient and effective anti-money laundering, know your customer, and fraud detection available on the market today. Technology clients include The Bank of New York Mellon, Bank of Tokyo Mitsubishi-UFJ, Barclays, JPMorgan Chase, Justice Federal Credit Union (U.S. Department of Justice), The Lloyds Banking Group, Mizuho Group, The Royal Bank of Scotland, Scotiabank, and UBS.
Through its information and training businesses, Fortent delivers the world's leading sources of regulatory news, analysis, and guidance. Moneylaundering.com (and, in Spanish, lavadodinero.com) is the top-ranked site for money laundering news across the globe, while Fortent Inform serves as a groundbreaking regulatory information management tool for institutions in the U.S. In addition to producing the world's largest money laundering conference and exhibition, Fortent offers the industry's leading professional certification program, career planning tools, web seminars, and conferences in the U.S., Europe, Latin America, and the Middle East.
Fortent's global team operates from key offices in New York, Miami, Atlanta, London, and Tokyo.
For more information about Fortent, please contact Guy Tarring on +44 7831 611598 or email firstname.lastname@example.org.