IPSA International Expands Professional Anti-Money Laundering Services

Dec 07, 2015, 07:00 ET from IPSA International

NEW YORK, Dec. 7, 2015 /PRNewswire/ -- IPSA International (IPSA), a wholly-owned subsidiary of root9B Technologies (OTCQB: RTNB), is pleased to announce the expansion of its Anti-Money Laundering (AML) services to include Alert Clearing Automation technologies.

IPSA's AML subject matter experts now provide complementary technologies and tools to allow customers to increase accuracy, consistency and efficiency among their Financial Intelligence Unit (FIU) and AML operations teams.  The most recent technology added, AML Workbench developed by Senior Architect Richard Oths, bridges the gap between triggered alerts and investigator disposition, typically reducing alert or case cycle time by 25-30% in credit card and retail banking product portfolios. 

"AML Workbench and its ACE functionality is the newest addition to IPSA's AML tools and technologies segment," said Dan Wachtler, IPSA's Chief Executive Officer. "This service reduces the cycle time for each of the thousands of alerts that are traditionally addressed by our project management team in tackling backlogs and lookbacks."

"AML Workbench addresses client needs for resolving root causes that adversely impact FIU productivity, contribute to alert backlogs, inhibit identification of suspicious activity, and result in mandated transaction lookbacks," said Gary Ferrari, IPSA's Managing Director, AML Consulting. "We have now unbundled this service and avail it to institutions not involved in remediation, but may be seeking ways to realize the time and cost savings opportunities that AML Workbench can generate in alert/case packaging and set up for an analyst team."

In addition to AML Workbench, to learn more about IPSA's AML Technologies Services, such as Sanctions Screening and Transaction Monitoring, please visit www.ipsaintl.com or call 917.797.9246.

About IPSA International

IPSA International, a root9B Technologies, Inc. company, is a regulatory risk mitigation firm delivering advisory and investigative services globally in the areas of Anti-Money Laundering, Investigative Due Diligence, Enterprise Risk Management and Litigation Support. Our clients include public and private middle market businesses, multi-national corporations, financial institutions and governments. IPSA International has offices in the US, UK, Canada, UAE and Hong Kong, resources in over 75 countries and research capabilities in 20 languages. For more information, please visit us at www.ipsaintl.com.

About root9B Technologies, Inc.

root9B Technologies (OTCQB: RTNB) is a leading provider of Cybersecurity and Regulatory Risk Mitigation Services. Through its wholly owned subsidiaries root9B and IPSA International, root9B Technologies delivers results that improve productivity, mitigate risk and maximize profits. Its clients range in size from Fortune 100 companies to mid-sized and owner-managed businesses across a broad range of industries including local, state and government agencies. For more information, visit www.root9btechnologies.com.


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SOURCE IPSA International