Skipton Building Society deploys new anti-fraud system for online accounts


Skipton Building Society deploys new anti-fraud system for online accounts

Antony Savvas

Skipton Building Society has implemented Compliance Alert from Northland Systems as its anti-money laundering and fraud detection system.

Compliance Alert has replaced an existing manual in-house system at the building society.

The system has been used to support the launch of Skipton's internet savings account, which is strategically significant to the society's online business.

Kathryn Payne, head of compliance at Skipton, said, "We chose Compliance Alert for its ability to execute quickly and efficiently. The implementation underpins regulatory compliance and security on Skipton's entry into the key online savings market."

Online savings accounts require a speedy and sophisticated level of compliance to satisfy regulatory requirements.

Compliance Alert addresses these by providing interfaces to third-party systems, including CallCredit for third-party client identification and verification.

Skipton's subsidiary Bailey Computer Services, which operates a bureau and managed services business, will also be making Compliance Alert available to its clients.

Related Topics: IT governance, VIEW ALL TOPICS

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy