Progressive Building Society taps Jade ThirdEye to fight financial crime
Northern Ireland’s Progressive Building Society has partnered Jade ThirdEye for its customer screening and transaction monitoring Software-as-a-Service (SaaS) solution.
Progressive Building Society partners Jade ThirdEye
Established in 1914, Progressive Building Society is Northern Ireland’s largest locally-owned financial institution, with 11 branches and 170 employees spread across the region.
With Jade ThirdEye’s solution, the building society intends to enhance its ability to detect money laundering and financial crime.
“Jade ThirdEye allows us to create our own rules in line with our risk and adapt quickly to changing threats, enhancing our efficiency and ability to protect our members from money laundering and financial crime,” says Gareth Robinson, chief risk officer at Progressive Building Society.
Robinson adds that the reason they signed with Jade ThirdEye was due to its “insight” into their sector and knowledge of the risks they face.
Jade ThirdEye says its solution automates transaction monitoring and watchlist components of a bank’s anti money laundering (AML) programme using “simple” workflows and “accessible” customisation options.
