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ease
features
design
support

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Write a Review

Description

Anti-Money Laundering measures are enforced through a software procedure designed to adhere to the anti-money laundering laws established in Italy by law no. 197 on July 5, 1991, which has since been revised and expanded by various decrees and regulations, culminating in the latest Banca d'Italia Provision dated April 3, 2013, as noted in ordinary supplement no. 35 of Official Gazette no. 105 on April 7, 2013, while also implementing the guidelines set forth in Directive 2015/849/CE (the Fourth European Anti-Money Laundering Directive). This regulation affects numerous entities, particularly banks and financial intermediaries, mandating the creation of a Single Electronic Archive to document ongoing client relationships, transactions that meet or exceed a specified threshold, and transactions below that threshold that cumulatively reach the registration limit within a defined timeframe. Adhering to these regulations is essential for maintaining the integrity and transparency of the financial system, ensuring that all suspicious activities are monitored and reported appropriately.

Description

ERMES is a comprehensive application designed from the insights of the SEFIN group, aimed at facilitating supervisory reports and matrices for foreign bank branches in Italy as well as for Financial Intermediaries listed in the new SINGLE REGISTER. This application serves as a protocol to PUMA 2 (Unified Corporate Matrices Procedure), enabling a straightforward and thorough approach to fulfilling periodic reporting requirements to the Bank of Italy. Tailored specifically for the Italian branches of foreign banks and for Financial Intermediaries under article 107, as well as those governed by article 106 (the so-called SINGLE REGISTER), ERMES functions as a reporting and communication system that supports users throughout every stage of the process through its intuitive yet detailed interface. The application prioritizes flexibility and usability while allowing for adaptability and customization of table structures to meet the unique needs of each user. Furthermore, it provides a singular reference documentation for processing, ensuring consistency and clarity in reporting. This innovative approach not only enhances user experience but also streamlines compliance with regulatory obligations.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

HID IdenTrust No 

Integrations

HID IdenTrust Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

CAD IT

Country

Italy

Website

www.caditgroup.it/

Vendor Details

Company Name

Sefin

Founded

1981

Country

Italy

Website

ebi.sefin.it/en/software-and-services-for-supervisory-reporting/supervisory-and-matrix-reporting/

Product Features

AML

Behavioral Analytics No 
Case Management No 
Compliance Reporting No 
Identity Verification No 
Investigation Management No 
PEP Screening No 
Risk Assessment No 
SARs No 
Transaction Monitoring No 
Watch List No 

Product Features

Financial Services

Analytics No 
Branch Optimization No 
Channel Management No 
Compliance Management No 
Customer Engagement No 
Performance Management No 
Risk Management No 

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Alternatives

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