Norwegian software vendor Commercial Banking Applications AS (CBA), today announced that Landsbankinn in Iceland is benefitting from the seamless integration of Swift’s Transaction Screening Service (TSS) with CBA’s IBAS GBF - Global Banking Factory – which the bank uses to run its banking operations in payments and trade finance.
The integration with Swift TSS ensures that all incoming and outgoing messages, independent of banking product, are screened in real-time against the most up-to-date sanctions lists during IBAS business processing. Bank users are instantly alerted if anything suspicious is detected.
