Univerzal Banka Beograd Goes Live with ASEBA AML

Asseco SEE and Univerzal banka Beograd successfully brought into production ASEBA Anti Money Laundering solution.

Asseco SEE and Univerzal banka Beograd successfully brought into production ASEBA Anti Money Laundering solution. As Bank management recognised potential risks from money laundering and financing terrorism it was necessary to establish a system for risk evaluation of clients and their transactions.

As well, Univerzal banka Beograd was aware that, due to the fierce competition among Banks nowadays, having the best net of branches and customer satisfaction is not enough, but it also requires meeting ethical aspect of operations which adds a new dimension to the implementation of this software in the process of building Bank as a brand.

Implementation process was completed in tight period of time and resulted with great benefits for the Bank reflected in easy and yet robust analysis, legal reports generated in time and compliant with the legislation, and of course 'Know your customer' effect.

ASEBA AML is one of the newest products in Asseco SEE. It was developed by two teams, from Macedonia and Serbia, working closely together, and this has been fifth implementation in a period of one year, all of which were successful and with average length of less than 3 months.

Two more implementations are already pending and Asseco SEE already has local implementation teams in three different countries which certainly brings to the quality of the process and enables easy implementation of the product.

“In our Bank, especially in our sector, we have always unselfishly invested effort and resources in order to be compliant with the law, but before implementation of ASEBA AML system we spent a lot of time doing all analysis and reports. Attending the ASEBA AML workshop in Belgrade, we recognized that this software can make our work easier improving the quality of analysis, too. After the quick and efficient implementation of the software in less than two months we were very satisfied since this solution meets all our needs. Analyses are robust, but easy to understand in the same time. We feel gratitude to the team that implemented the software and I hope that this close cooperation that paid so much attention to Bank's needs consideration will continue in the future.”, said Marina Bartulović Head of AML Unit in Univerzal banka Beograd.