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Anita Bunk
Head of Communications

The leading specialist in international transport finance

DVB Bank of Frankfurt relies on the Compliance Suite

This leading specialist in international transport finance has integrated the Compliance Module to prevent money laundering and terrorism financing and to monitor employee trading.

Immenstaad, 06/24/2008 -

DVB Bank AG of Frankfurt has chosen to license and implement the Compliance Suite from Bosch Software Innovations of Immenstaad/Germany. This will allow the bank to cover a range of scenarios in the compliance environment, including anti-money laundering, identification of high-risk transactions and persons, and monitoring employee trading. The Compliance Suite’s powerful performance and its modular design providing adaptability to the bank’s business processes were critical in reaching this decision.

DVB Bank AG of Frankfurt Values Flexibility

DVB Bank AG puts its trust in the Compliance Suite and its most important module, the MLDS anti-money laundering solution. The Compliance Suite also includes products for stock market compliance, embargo monitoring of money flows, and comparison of customer data against lists of suspicious persons.

DVB Bank was looking for an integrated solution that would cover all these areas reliably. Just as important, however, was the flexibility of the application, as Iris Schrecker, Head of Group Compliance at DVB Bank, emphasized. "We have a unique strategy focused on selected segments of the international transport market. Our business model cannot be compared with that of other banks. So we needed an application that offered the ability to adapt to our needs, and that is what the rule-based approach of the Compliance Suite and MLDS 3.0 delivers."

The option of individually defining workflows was also critically important. "We are very international in our orientation, with locations of varying sizes that also require a variety of workflows. So the option of flexible integration in our business processes was an important criterion," she explained.

The compliance products from Bosch Software Innovations have been deployed at many respected banks, in particular in Switzerland and Liechtenstein.