Established in 1914, the Progressive Building Society has 11 branches across Northern Ireland.
Jade ThirdEye aims to help organisations around the world confidently meet their compliance obligations, ensure operational efficiency, and protect their communities.
The company has been supporting entities in multiple sectors around the globe for the better part of a decade by providing an Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) solution.
According to a report from The Intermediary, The Progressive Building Society chose Jade ThirdEye’s customer screen and transaction monitoring SaaS solution in a bid to enhance their ability to detect money laundering and financial crime.
Gareth Robinson, chief risk officer at Progressive Building Society, said: “We were impressed with Jade ThirdEye’s insight into our sector and the types of risks we face.
“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.
“The communication and support from the Jade ThirdEye Team have been fantastic and continue to give us peace of mind every step of the way.”
Claire Rees, client manager at Jade ThirdEye, added, “We are delighted to have another Building Society choose Jade ThirdEye to bring efficiencies to their anti-money laundering and financial crime compliance process and provide a solution that will continue to scale with them over time.”
Towards the end of last year, Single.Earth, a GreenTech firm providing the world’s first nature-backed currency, teamed with RegTech firm Salv to combat financial crime.
Under the partnership, Salv will screen persons against different sanctions, Politically Exposed Persons, and adverse media lists to mitigate the risk of landowners and token buyers being high-risk customers.
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