NEW YORK, May 25 /PRNewswire/ --

- Fortent Connect is First Complete System for Anti-Money
Laundering, Fraud, Customer Due Diligence, and Reporting

Fortent (http://www.fortent.com) today announced the introduction of
Fortent Connect, a solution designed to help mid-sized financial institutions
fight crime and manage regulatory compliance. Fortent Connect is easy to use
and implement, and delivers high performance at a competitive price.

"We developed Fortent Connect in response to a market need for an
all-in-one financial crimes solution that can deliver great results within
today's tight budgets," says Sandy Jaffee, Fortent's Chairman and CEO.

"Fortent Connect is based on our company's uniquely deep experience
helping financial institutions combat financial crime and meet regulatory
obligations in markets all over the world," adds Ms. Jaffee. The solution is
expressly designed for organizations with limited compliance and in-house
technology resources, adds Ms. Jaffee.

This new offering combines essential capabilities - sanctions screening,
anti-money laundering (AML) and fraud monitoring, customer risk rating, alert
management and regulatory reporting -- into one system. Fortent Connect can
be implemented in as fast as 90 days and eliminates the complexity of using
multiple suppliers and products to perform this broad range of tasks.

Fortent Chief Technology Officer Kay LaBare says, "Leveraging Fortent's
market-leading technology, we've taken a modular approach so clients can
focus on their most critical needs first and build on their investment over
time." Capabilities that can be added include real-time fraud detection and
OFAC blocking, notes Ms. LaBare.

Fortent has implemented transaction monitoring, Know Your Customer, and
case management solutions globally in a wide range of financial institutions
over the past decade -- from the largest firms such as JPMorgan Chase,
Barclays and The Bank of Tokyo-Mitsubishi UFJ to smaller institutions such as
the Justice Federal Credit Union in the U.S. and ABSA and Nedbank in South
Africa.

Fortent Connect consolidates essential risk and compliance functions:

- Transaction monitoring - a portfolio of AML and fraud rules
      enables banks to select and create rules based on their individual
      business profiles

    - KYC - a wide range of KYC detection tools includes risk rating
      and watch list and PEP screening, with the option to add real-time 
      OFAC blocking

    - Workflow and reporting - comprehensive alert management tools and
      management information helps analysts investigate alerts more 
      quickly, and makes creating and submitting reports to management, 
      auditors, and regulators much easier.



In addition to integrating these functions, Fortent Connect can
significantly lower an organization's costs because it uses rules that
produce extremely low "false positive" rates and are considered the most
effective in the industry. Further, Fortent Connect enables a financial
institution to link customer and transaction data across its whole
enterprise, so analysts can see activity across multiple processes and
business lines.

Fortent has one of the most active user groups in the financial crimes
community. The transaction-based rules available in Fortent Connect reflect
the extensive knowledge and learnings of this user community and have been
proven to be the best in the industry at detecting suspicious behaviors.