[TAGUIG CITY, 09 January 2024] — MDI Novare, a pioneering force in digital transformation, unveils SIEVE, the company’s anti-money laundering (AML) software in a landmark agreement with Bank of Makati. The ceremonial signing, held at the MDI Corporate Center in Taguig, signifies a monumental collaboration in the fight against financial crimes.
The event, graced by key figures from MDI Novare and Bank of Makati, heralds a pivotal stride towards reinforcing AML compliance within the financial sector. Esteemed representatives from both organizations expressed their excitement about the partnership’s potential to reshape AML strategies and fortify regulatory adherence.
We are thrilled to embark on this transformative journey alongside Bank of Makati,” stated Jericho Jensen, Chief Data and Analytics Officer at MDI Novare, adding that “SIEVE epitomizes innovation in combating money laundering, offering intelligent features that empower financial institutions to navigate regulatory complexities seamlessly.”
Echoing this sentiment, Bank of Makati’s Luis M. Chua, President, stated, “Our commitment to regulatory compliance and safeguarding against financial crimes remains unwavering. Partnering with MDI Novare to integrate SIEVE underscores our dedication to staying ahead in the fight against money laundering.”
SIEVE’s cutting-edge features set a new standard for AML solutions:
- Efficient Solution: SIEVE streamlines regulatory reporting through a unified platform, leveraging AI and machine learning to detect and address suspicious transactions efficiently.
- Intelligent 360 View: Offering a comprehensive interface, SIEVE provides a holistic view of clients’ activities, empowering institutions with insightful data for risk assessment.
- Highly Configurable: With adaptable deployment options, SIEVE allows seamless integration, enabling institutions to customize and scale AML strategies swiftly.
In a rapidly evolving financial landscape, compliance with regulatory standards and fortifying defenses against money laundering are paramount.
The ceremonial signing between MDI Novare and Bank of Makati signifies a monumental leap towards combating financial crimes. This collaboration marks a defining moment in the industry, heralding a future where innovative solutions like SIEVE pave the way for robust AML compliance.
For inquiries regarding SIEVE’s capabilities or pricing details, interested parties are encouraged to contact MDI Novare via mdinovare.com.
About MDI Novare
Founded in 1988, MDI Novare is a pioneer and champion in the Philippine ICT market. Over the past three decades, MDI Novare has driven digital transformation through custom application development, infrastructure, data analytics, and IT security solutions that meet and exceed business demands. Today, MDI Novare continues its culture of innovation by being at the forefront of major technology trends such as APIs, cloud computing, big data, AI, and automation as we strive to create a positive impact for our people, our clients, our partners, and our communities.
About Bank of Makati
Established in 1956 as a rural bank, Bank of Makati (BMI) boasts over 60 years of empowering Filipino savers and entrepreneurs, realizing countless aspirations. As a prominent financial institution, BMI prioritizes customer satisfaction and regulatory compliance while delivering comprehensive banking services. With an unwavering commitment to excellence, the bank continues to innovate and adapt to the dynamic financial landscape. BMI remains dedicated to fostering growth, serving as a trusted pillar of support and reliability within the Filipino banking sector.
Media Contact
Pearl Sy
Head of Communications & Marketing
pearl.sy@mdi.net.ph
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