Singapore Bank Picks Unisys

Published July 10, 2008, 1:00 a.m. EDT

Updated July 09, 2008, 5:20 p.m. EDT

1 Min Read

DBS Group Holdings Ltd., Singapore's largest banking company, has hired Unisys Corp. to install antifraud software from Actimize Inc.

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Unisys announced the contract Tuesday to install the fraud prevention and anti-money-laundering applications across all DBS operations in Asia.

The software can analyze transactions to find financial activities that seem unusual and then send an alert to the bank. DBS has assets exceeding $14 billion and operations in 13 Asian countries, plus the United States, United Kingdom, and Middle East.

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