Mandates and payments roundup, May 31

Pakistan's MCB Bank chooses a payments filtering solution from Logica, while SmartPay and AliPay receive payment licences in China.

Logica wins mandate from MCB Bank

Pakistan’s MCB Bank has implemented the payments filtering solution offered by business and technology services company Logica. According to Logica, the product called HotScan will help MCB Bank comply with new regulations and allows operations and compliance employees to focus on addressing other potential threats which will reduce operational costs.

“Levels of filtering required of banks will only increase further, due to more stringent regulatory requirements and increasing payments volumes,” said John Evans, director of financial crime solutions at Logica, in a statement. “This is our second customer within Pakistan which proves that out innovative filtering software can help banks...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 3 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Share our publication on social media
Share our publication on social media