Central Banking

SDG unveil software to detect money laundering

INDIA - SDG Software Technologies, a Hyderabad-based surveillance software solutions provider for the financial markets, has developed BankAlert - anti-money laundering software - targeting various financial institutions including central banks and regulators.

The Managing Director of SDG Software, Mr Suheim Sheik, told Business Line that with several co-operative banks and financial institutions collapsing due to mismanagement, software of this nature would serve as an early warning system an