Facctum’s screening platform, FacctViewTM, has been implemented by NTT Data Payment Services to strengthen its defenses against financial crimes. This technology enables the detection and assessment of risks related to sanctions, terrorism financing, and money laundering in consumer transactions. It enhances compliance effectiveness and customer protection in NTT Data’s high-growth and customer-focused PSP business in India.
Facts
- NTT Data Payment Services has chosen Facctum’s FacctViewTM screening platform to expand its anti-financial crime defenses.
- FacctViewTM detects and assesses sanctions, terrorism financing, and money laundering risks in consumer transactions.
- The technology supports NTT Data Payment Services’ e-commerce platforms, providing high-performance countermeasures against financial criminals.
- Takeo Ueno, CEO of NTT Data Payment Services, emphasizes the match between Facctum technology and the needs of their PSP business in India.
- Growing volumes of digital transactions and changing customer behaviors increase concerns about the potential abuse of PSPs through cyber-attacks.
- PSPs prioritize investments in risk screening capabilities to meet regulatory obligations, protect consumers, and deter criminals.
- FacctViewTM is powered by parallel processing technology and an extensive library of risk detection algorithms, enabling rapid detection of comprehensive financial crime risks.
