ISELIN, N.J., Aug. 29, 2011 /PRNewswire/ -- Today, Telavance announces commercial availability of Advantage Country Extract™. Advantage Country Extract is a software product that provides expansion of address information related to all the parties in a financial transaction.
Financial institutions use rules-based software systems to detect money laundering and other suspicious activity. These rules can only work if full information is available for all transactional beneficiaries and originators. Accurate address information is rarely provided, which can place a financial institution at regulatory risk.
"Advantage Country Extract provides an extensive geographical database and advanced algorithms to fully qualify addresses for all transactional parties. The net result is better alerts and cases and a clear mitigation of regulatory sanctions. All with no interruption to current AML systems," said Salvatore Cangialosi, President of Telavance.
Telavance looks forward to discussing how Advantage Country Extract can provide greater value to any organization. For further information, please feel free to contact Mahesh Viswanathan at 732 744 0066 Ext 201 or [email protected].
About Telavance
Telavance is a specialized international consulting firm providing risk and compliance advisory services and software products to the financial community. The firm specializes in anti-money laundering, regulatory compliance, enhanced due diligence, independent reviews, regulatory remediation, and system implementations. Telavance experience has been earned through its staff participation in over 100 engagements with a wide range of large to small financial institutions. Telavance focuses on the expertise of its staff and its commitment to quality, trust, and value offering best-in-class solutions. For more information on Telavance, see http://www.telavance.com.
Contact:
Mahesh Viswanathan
Telavance
Phone: (732) 744-0066 x201
Fax: (732) 744-0066
120 Wood Ave South, Suite 407
Iselin, NJ 08857
http://www.telavance.com
This press release was issued through eReleases(R). For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.
SOURCE Telavance
Share this article