omniture

NetEconomy Expands Operations into Australia and China

NetEconomy
2006-12-01 09:34 1262

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 .

Source: NetEconomy
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