- Marsden Building Society Partnership:
- Marsden Building Society has chosen Jade ThirdEye’s Transaction Monitoring and Customer Screening for anti-money laundering (AML) defense.
- This move follows Leek, Dudley, and Progressive Building Societies in deploying Jade ThirdEye’s AML Software-as-a-Service solution in the UK.
- Jade ThirdEye’s AML Offering:
- Jade ThirdEye, launched in 2012 by Jade Software, provides AML solutions, including transaction monitoring, customer screening, case management, and reporting automation.
- Claims that over a third of UK-based building societies already use their technology.
- Marsden Building Society Background:
- Founded in 1860, Lancashire-based Marsden Building Society operates eight branches, offering banking services like savings and mortgages.
- Tracy Ashworth, the society’s secretary and general manager, emphasizes the benefit of automating transaction monitoring for focusing on investigating suspicious activities and protecting members from financial crime.
- Flexibility and Rapid Response:
- Tracy Ashworth highlights Jade ThirdEye’s flexibility in creating, managing, and changing AML and financial crime rules, allowing Marsden Building Society to respond rapidly to evolving risks.
