“Logica is a great partner. Working with their experts has been a good experience.” Marcelo Vilaça IT Director, RTM

What RTM needed

Estimates vary, but most experts would agree that between US $500 billion to US$1.5 trillion of money is ‘laundered’ globally on a yearly basis. Most of it comes from drugs and organised crime. This ‘dirty’ money is then moved through a series of seemingly legitimate transactions with the aim of making its origins untraceable: in effect, of ‘washing it clean.’

Payments filtering is one of the most powerful weapons in the fight against money laundering. Rigorous scrutiny is vital, and every transaction has to be checked against known information, or watch-lists, to look for telltales signs of unlawful activity, such as the alias names or accounts of known criminals and blacklisted organisations.

Download RTM'S Success story

The Challenge

Governments around the world are placing increasing demands on financial institutions to do more to help combat money laundering. With Combating Terrorist Financing regulation due to come into force in Brazil, RTM sought to find a payments filtering solution for its customers.

Difficult to implement state of the art sanction screening and anti-money Laundering (AML) technology due to restricted budgets and level of expertise required.

The risk of failing to stop transactions and contravening Regulations. In some cases this can lead to fines, regulatory actions and even criminal prosecution.

RTM was seeking not just a powerful, flexible and compliant solution, but one that also came with ‘gold standard’ customer support that would be available every minute of every day, and for years to come.

Our Answer

RTM selected our HotScan AML solution. A series of meetings, technical discussions and two proofs of concept proved to RTM that not only could our solution do the job of filtering, it could do it in an on-line, hosted Environment.

HotScan is used by many of the world’s largest banks and filters nearly half of all the foreign exchange transactions conducted each day around the world.

A Success story

RTM’s position as one of Brazil’s leading financial services providers has been strengthened with the development of the hosted AML solution.

Adriane dos Santos Rego, marketing director at RTM, says: “Through our partnership with Logica, we can help Brazilian institutions address increasingly tough market demands to drive down risk and better support their growth plans.