The fintech business, which provides core banking solutions to building societies and banks, has employed the software from Jade ThirdEye to provide an uncomplicated yet powerful way to analyse customer transactional data for suspicious activity and individuals.

The move is part of Mutual Vision’s (MV) strategic partner status, which was established to help boost its customers’ performance.

Uday Bola, senior product manager (partnerships) at MV, said: “MV have invested heavily in supplier partner management and take a proactive role in ensuring these partners will accelerate our customers’ performance.

“We believe that Jade ThirdEye will offer our customers a simple and accessible system for transaction monitoring and customer screening.”

Stefan Dujakovic, client director UK at Jade Software Corporation said: “We know that MV work hard on behalf of their customers to source solutions that offer innovation and simple integrations.

“Jade ThirdEye are therefore looking forward to offering MV’s customers an easy and cost-effective solution to meeting compliance obligations, detect financial crime, and protecting customers”

And Sara Parker, chief product officer at MV added: “As the MV roadmap develops, we will continually engage technology partnerships to help streamlines processes, drive efficiencies and ensure that MV maintain their strong focus on customer relationships.

“We already have customers signed up to use the Jade ThirdEye solution and will be looking to be live in early 2021”.

MV offers core banking solutions to 24 customers in the UK and assists them with digitising both their savings and loans services and streamlining their business activities.

Jade ThirdEye is automated Anti-Money Laundering (AML) software which helps businesses meet their compliance obligations, detects financial crime, and protects customers.