InvestNow is one of the latest funds and investment companies in New Zealand that have chosen the Jade ThirdEye Transaction Monitoring SaaS (Software as a Service) solution to enhance their ability in detecting money laundering and financial crime.
Launched in 2017, InvestNow is an online investment platform based in New Zealand. It gives Kiwi investors the ability to invest in KiwiSaver, Managed Funds and Term Deposits from leading fund managers and banks worldwide. The InvestNow platform has been designed specifically to allow investors to quickly and easily invest without needing to go through a financial advisor or broker.
Mike Heath, General Manager, InvestNow, commented, “Implementing the Jade ThirdEye solution is one of a number of key enhancements to our AML processes. It is important to InvestNow that we continue to invest in our resources and capabilities as we play our part in the wider prevention of financial crime, and implementing a tool like Jade ThirdEye to automate and manage the growing transaction volume and scale in our business was an easy decision to make.”
Ian Hight, Client Director, Jade ThirdEye, commented, “For an increasing number of organisations, automated transaction monitoring has become an essential tool in the fight against money laundering and other financial crimes. We are delighted to be able to assist InvestNow with their detection and reporting of suspicious activities."