Information Builders and IPSA International Partner to Develop Trade Finance Software

Information Builders and IPSAInformation Builders and IPSA International Partner to Develop Trade Finance Software PR Newswire NEW YORK, March 13, 2014 - Business Intelligence Leader and IPSA Showcase Template at FIBA Conference IPSA International, Inc. (IPSA), an international investigative and risk advisory firm, and Information Builders, a leading software development company, have partnered to develop a powerful trade finance, anti-money laundering solution. The software application, OmniTrade, is being developed to facilitate improved adherence to the anti-money laundering (AML) and counterterrorist financing (CTF) guidelines as set forth by the U.S. Treasury Department through the Financial Crimes Enforcement Network (FinCEN) and/or the Office of Foreign Asset Control (OFAC). The OmniTrade Anti-Money Laundering Solution helps financial institutions apply a risk-based approach that seamlessly connects Letter of Credit and Bills of Collections systems with traditional financial networks. As a result, banks can ensure regulatory compliance through monitoring transactions, flagging suspicious activity and alerting stakeholders when problems arise. Recently, Information Builders and IPSA exhibited a template at the recent FIBA Anti-Money Laundering Conference in Miami, Florida where the software was extremely well received by the conference attendees.