Fortent Expands IBM Relationship by Joining its Software as a Service Specialty
contain risk and rising compliance costs in the wake of unprecedented
industry pressures, Fortent today announced it has joined the IBM Software as
a Service (SaaS) Specialty to deliver new anti-money laundering (AML), Know
Your Customer (KYC) and fraud systems as cloud services to leading large-and
mid-sized financial institutions around the world.
Fortent has been a global specialist in anti-money laundering and
regulatory compliance since 1993 and serves 26 of the world’s 30 largest
financial institutions. Its advanced monitoring and detection technology is
endorsed by the American Banking Association and uses a variety of IBM
software, hardware and services to deliver the solution including: Tivoli
Workload Scheduler, WebSphere Application Server and DB2 Enterprise Database
Server, on virtualized IBM System p servers in an IBM e-Business managed
hosting facility.
“This teaming helps financial organizations achieve two key goals during
this turbulent time in the marketplace: lowering their total costs of
compliance while managing risk effectively and efficiently,” says
Fortent’s Chief Marketing Officer. The collaboration between the two
companies began in 1998, he notes. Today Fortent is one of IBM’s largest
financial crimes and compliance technology partners in the world.
IBM offers hardware, software and infrastructure technologies to help its
Business Partners deliver secure and scaleable cloud services.
“SaaS is one of the fastest growing segments of the IT industry because
it provides companies of all sizes with access to innovative solutions
delivered remotely via a subscription model,” said
strategy, IBM ISV & Developer Relations. “Fortent’s commitment to SaaS can
provide its customers with a powerful way to reduce implementation costs
while rapidly deploying their compliance solutions.”
The IBM SaaS Specialty partner program provides valuable benefits,
resources, technical enablement and marketing support. In addition, Business
Partners gain access to over 40 worldwide IBM Innovation Centers, providing
them with technical support and expertise for helping them test, build and
optimize cloud services based on open platforms.
About Fortent
Fortent provides risk and compliance solutions to financial institutions,
government agencies, and individuals in more than 100 countries. With
advanced systems endorsed by the American Bankers Association, Fortent’s
market-leading technology, information, and training businesses help clients
fight financial crime and achieve regulatory compliance throughout their
global operations. For more information visit http://www.fortent.com
For more information about Fortent or Fortent’s collaboration with IBM,
please visit Fortent’s website http://www.fortent.com or contact
SOURCE Fortent