THE HAGUE, The Netherlands, Dec. 1 /Xinhua-PRNewswire/ -- NetEconomy, the
global leader in financial crime management and compliance solutions, today
announced it has opened offices in Sydney and Shanghai to expand its foothold
in the Asia Pacific region and support its new customers.
NetEconomy's new customers in China and Australia will be using its ERASE
(R) financial crime solutions to improve monitoring and detection
capabilities for fraud, money laundering, terrorist financing and market
abuse, and to ensure regulatory compliance within these regions.
"NetEconomy is a strong global company committed to providing our new
customers with the highest levels of service, innovation and success," said
Sebastian Kuntz, CEO of NetEconomy. "By expanding operations into China and
Australia we are well positioned to capture new growth opportunities in this
rapidly expanding financial crime solutions market. NetEconomy's
comprehensive and easily deployable solutions are uniquely suited to helping
clients quickly and effectively address emerging risks and regulatory
challenges within these important regions. Furthermore our solutions
contribute to improved operational risk management and the capital adequacy
requirements as set out in Basel II."
In May of 2005, NetEconomy opened an office in Kuala Lumpur, Malaysia to
expand its sales operations and to support its growing customer base in the
Asia Pacific region. Today the Kuala Lumpur office will operate as the
regional headquarters for this region. NetEconomy services and supports
customers across Singapore, Malaysia, India, the Middle East and the
Philippines.
About NetEconomy
NetEconomy is the leading provider of financial crime management and
compliance solutions. With over 110 implementations across 48 countries,
NetEconomy has an exceptional track record for developing and delivering
highly effective and easily deployable solutions for anti-money laundering,
fraud prevention and market surveillance. NetEconomy brings business value to
its worldwide client base through its personalized customer approach for
minimizing regulatory risk, delivering measurable results, and protecting
corporate brand/reputation. NetEconomy is headquartered in The Hague, with
offices in Boston, London, New York, Paris, Kuala Lumpur, Shanghai and
Sydney, and distributors and strategic partners across the Middle East,
Caribbean, Europe, South (East) Asia and the United States. For more
information visit http://www.neteconomy.com .