STB-Systems Limited, ranked highly by Celent Communications in new report on Anti-Money Laundering Vendors: Ranking the Vendors of Anti-Money Laundering Solutions"

STB-Systems Limited (www.stbsystems.com), International Regulatory & Anti-Money Laundering experts for the financial services industry, rank highly in Celent Communications (www.celent.com) new report entitled Ranking the Vendors of Anti-Money Laundering Solutions".(www.celent.net/PressReleases/20030711/AMLVendors.htm).

London (PRWEB) July 25, 2003 -- STB-Systems Limited (www.stbsystems.com), International Regulatory & Anti-Money Laundering experts for the financial services industry, rank highly in Celent Communications (www.celent.com) new report entitled Ranking the Vendors of Anti-Money Laundering

The report examines sixteen of the leading AML solution providers and ranks them based on analytical capabilities, ease of use, implementation time, and cost. Celent estimates that by 2006 76 percent of mid-tier and 49 percent of small firms will have implemented new AML technologies. According to Celent Senior Analyst, Neil Katkov, Anti-money laundering software solutions are becoming critical to financial institutions as they face the complexity of USA Patriot Act compliance".

This follows the successful penetration by STB-Detector into the Anti-Money Laundering arena. STB-Detector consists of a competitively priced, packaged AML solution that is ideally suited to a diverse client base. The flexible interfacing tools, developed from STB Systems many years of experience in providing Regulatory-reporting solutions, means that the implementation time normally required for such solutions is greatly reduced. The flexible rules based approach also makes the AML solution suited to all sectors of the financial industry including banks, building societies, securities firms, insurance companies, etc.

STB-Detector comprises modules for AODD (Account opening Due Diligence), WLM (Watch List Monitoring), SAM (Suspicious Activity Monitor) and Investigations. All of which can be tailored to meet each institutions requirements along with reports for alert review and investigation. Modules can be added as required.

Michael Thomas, CEO of STB Systems, said, Our proven AML and Regulatory compliance solutions offer our customers, currently around 160 of the worlds largest leading financial institutions, highly effective money laundering detection and compliance solutions. Our combination of ease of implementation and proven methodology makes STB-Detector a leading player for AML solutions in the financial industry, and we are very pleased to be have been rated so highly by Celent. The Celent report, and our position as market leaders in our core environments, strengthens our proposition to the financial industry".

About STB Systems Limited

STB is one of the world's leading vendors of automated compliance reporting solutions for the financial markets. Founded in 1984, STB is the market leader with offices in London, New York, Hong Kong & Singapore.

STB's solutions are designed to automate the presentation of critical controls that protect financial institutions, handling both internal & external reporting to satisfy relevant regulatory bodies and assist in compliance with anti money laundering procedures. The company is one of just five recognised by the Bank of England for electronic reporting and works closely with many other respected industry bodies.

STB's solutions control & consolidate multiple data sources. The use of rules-based technology ensures a stable product, & allows for development of new solutions quickly & efficiently to meet the constantly changing demands of regulatory, management, risk & other compliance reporting. STB's core competence puts them at the forefront of regulatory & compliance technologies, offering best of breed solutions for their customers. www.stbsystems.com