UCO Bank is an Indian government–owned commercial bank founded in 1943. With over 42 zonal offices and 3,000 branches, it is one of the largest banks in India. The bank has correspondent banking/agency relations with banks across the globe and undertakes foreign exchange business in more than 50 centres in India with well-established overseas branches in Singapore and Hong Kong, which offer a full range of trade finance services. Accuity worked closely with the bank’s Singapore branch to identify gaps in their current trade screening process.
In this case study learn how Accuity helped UCO bank with:
- Real-time screening of SWIFT messages and screening for trade finance
- An automated & comprehensive audit trail
- The Dual-Use and Controlled Goods screening
- The screening data enhancements