NetEconomy launches Erase tool

MIAMI, FLORIDA – NetEconomy, a provider of IT risk monitoring solutions for the finance industry, announced in mid-March their new financial crime fighting software programme, Efficient Risk Analysis System Enhancement (Erase) Financial Crime Suite, at a conference on money laundering in Miami, Florida.

The programme has been developed in an IT climate where there is a drive towards more holistic programmes for managing risk. According to a NetEconomy spokesperson: "In the expanding space of enterprise risk management, there is a core subset of technology for monitoring and preventing fraud and financial crime."

"Banks will move away from home-grown and point solutions, in order to pursue enterprise solutions that align compliance practices with a more holistic approach to risk management."

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