SMARAGD CBM has a new customer

Stuttgart, November 21st, 2018 – With the solution SMARAGD CBM financial institutes protect themselves when they act as correspondent banks for foreign transactions. The system that subjects these transactions to a detailed monitoring in respect to due diligence and legislation, is requested more and more by financial institutes.

A further implementation project of SMARAGD CBM is thus on the way: Starting in mid 2019 the ODDO BHF AG will check the transactions of its correspondent bank relations with SMARAGD CBM. With the help of the system a more detailed monitoring of correspondent banking payments is carried out after the implementation. The main focus is on severer due diligence with correspondent banks.