Asprofin Bank Upgrades Banking Technology and Compliance Framework

Asprofin Bank Corporation has provided an update on its banking technology, regulatory compliance framework, and digital financial services. The bank's infrastructure combines conventional banking services with technology designed to support customer verification, compliance, international payments, and emerging digital financial products.

The bank provides multi-currency account offerings that support currencies including the U.S. dollar, euro, British pound, and Swiss franc. It also offers foreign exchange and international payment capabilities to support cross-border financial activity.

Asprofin Bank's compliance framework incorporates electronic know-your-customer processes and anti-money-laundering controls designed to support customer identification and ongoing monitoring. The bank uses LexisNexis Risk Solutions' WorldCompliance, which provides data and capabilities for sanctions screening, politically exposed person identification, and other financial crime compliance processes.

The bank's technology infrastructure also incorporates Cognyte NEXYTE, a decision intelligence platform designed to support financial investigations. Asprofin Bank has partnered with Digital Technology to develop Banking-as-a-Service, which combines the bank's regulated banking infrastructure with Digital Technology's technology platform.