Barclaycard adopts new anti-money laundering system

Barclaycard has chosen Datanomic to supply software for screening clients to comply with UK anti-money laundering legislation and guidance.

Barclaycard has chosen Datanomic to supply software for screening clients to comply with UK anti-money laundering legislation and guidance.

The Datanomic dn:Match software will be installed at Barclaycard sites in the UK, North America and Africa. The first phase of the contract is operational, with remaining phases due for completion in the next month.

Dn:Match is a data matching engine that will enable Barclaycard to define the most appropriate matching rules for its data when screening customers regularly against databases from third parties such as World-Check, OFAC and the Bank of England.

Datanomic has developed a customisable template of matching rules that make its systems fully compatible with World-Check’s critical intelligence solutions.

Datanomic existing customers include PricewaterhouseCoopers, KPMG, Alliance & Leicester, Deutsche Bank, BellSouth, AMEC Oil & Gas and a number of NHS Trusts.


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