iFinancial to boost customer onboarding for CSL Stockbrokers

By Megha Bhattacharya

iFinancial announced that financial advisory platform CSL Stockbrokers has selected its AMLtrac software in a bid to enhance its customer onboarding as well as comply with anti-money laundering obligations.

iFinancial Sales Director Matthew Day said,  “We pride ourselves on our in-depth knowledge of financial services, technology and applications software and are delighted to begin a relationship with CSL Stockbrokers and are looking forward to working with them over the coming years.”

“AMLtrac is our award-winning Anti-money laundering and counter-terrorist financing solution. It is a complete, multi-branch, multi-layered, language-independent solution for banks and other financial institutions. AMLtrac is dedicated to identifying, tracking, and regulating potentially suspicious or illegal activities or the proceeds of crime. An AMLtrac installation comprises a selection of modules that match the exact requirements of our customer’s business. Modules may be mixed and matched into any logical combination and you can add new modules at a later stage without financial penalty. AMLtrac integrates seamlessly into our core banking and digital banking products and works with any existing back-office legacy system acting as a complementary extension to it.”

CSL Stockbrokers provides individual, corporate, and government clients with personalised financial and investment services. They specialise in the areas of institutional sales and trading, corporate finance, corporate broking, and research.

According to iFinancial, the AMLTrac solution includes features such as KYC and document management, account monitoring, SWIFT real-time message screening, Alert Management System case tool, screening and filtering engine and database query tools.

Recently, iFinancial announced that UK-based Mansfield Building Society selected its Anti Money Laundering Software – AMLtrac with an aim to boost compliance strategy and procedures. iFinancial’s AMLtrac is a counter-terrorist financing solution that identifies and tracks suspicious or illegal activities or proceeds of the crime.

Based in London, International Financial Systems or iFinancial creates software for banks and financial institutions. It’s offering includes Core Banking, Internet and Mobile Banking, Compliance and Anti Money Laundering software, and Cash Management Solutions. The company has offices in Vietnam and Gibraltar.