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#1045526 - 09/18/08 08:54 PM Net Economy AML Software Users?
What?? Offline
100 Club
What??
Joined: Feb 2007
Posts: 170
California
Our core banking system is PCS and they have an AML program called Net Economy. We currenty use Banker's Toolbox..BAM is ok but the service could be a lot better.

Does anyone use Net Economy? I would like to know your opinion on the program if so.

Thanks

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#1147062 - 03/18/09 04:35 PM Re: Net Economy AML Software Users? What??
JRines Offline
Junior Member
Joined: May 2005
Posts: 47
Florida
Did you ever receive any responses? I am also looking for other banks that have signed up or are using net economy software?

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#1147684 - 03/19/09 02:29 PM Re: Net Economy AML Software Users? JRines
Auditor247 Offline
100 Club
Auditor247
Joined: Jun 2006
Posts: 140
I am also interested in learning about Net Economy.

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#1147693 - 03/19/09 02:35 PM Re: Net Economy AML Software Users? Auditor247
AuditorK Offline
Platinum Poster
Joined: Feb 2003
Posts: 962
PA
We are also a PCS bank and when I asked if management would look into NetEconomy, I was told it was way out of our price range. We are $150 million in assets.

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#1154058 - 03/30/09 08:09 PM Re: Net Economy AML Software Users? What??
BuckDog Offline
100 Club
Joined: Jun 2006
Posts: 123
Tennessee
I too would like to find someone who has converted from Patriot Officer to NetEconomy (Now called Fiserv AML Manager) to find out how it is working. We use ITI as our core processor and we are suppose to convert to NetEconomy. We first learned of this in May of 2008 and so far I haven't heard from anyone who can recommend this product. I do know from a couple of banks, that their training had been delayed because of some issues.

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#1154097 - 03/30/09 08:51 PM Re: Net Economy AML Software Users? BuckDog
John Doe Offline
New Poster
Joined: Mar 2009
Posts: 3
California
I believe the reason that nobody is really providing any feedback regarding NetEconomy is that this product has been delayed numerous times. Our bank was suppossed to have NetEconomy up and running since early Q3 2008 but still nothing.

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#1154680 - 03/31/09 05:09 PM Re: Net Economy AML Software Users? John Doe
AML247 Offline
100 Club
Joined: Jun 2005
Posts: 127
SC
We are an ITI bank currently on Patriot Officer and plan to convert to Net Economy within the next month or so. Everytime I compare the two programs the song "Every Rose has its Thorns" plays in my head. However, we did not feel we had a choice and hope that in the long run, having ITI products that should work together will be a benefit. For the most part, I like Net Economy better. However, its drawbacks are the process of doing a manual CTR and the fact that it does not have the crystal reporting module built in it. We trained in January on NE, but wanted to wait until after our S & S exam to convert. I also thought the Customer Service response would be better with NE, but I'm still waiting on a reply from ITI on an email that was send yesterday.

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