Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that Mizuho Corporate Bank, Ltd. (“Mizuho”) is automating its compliance efforts throughout its international offices and subsidiaries in 19 countries worldwide with a suite of anti-money laundering (AML) products from Metavante Corporation’s Risk and Compliance Solutions division. Mizuho Corporate Bank, Ltd. is a subsidiary of the Japan-based Mizuho Financial Group, Inc. (NYSE:MFG), one of the largest financial services companies in the world with total assets of over $1.5 trillion.

Mizuho is deploying Metavante’s Prime Compliance Suite in more than 27 of its offices. The Prime Compliance Suite is a comprehensive AML compliance solution to help organizations mitigate risk and ensure compliance requirements are met for global mandates such as the Financial Action Task Force (FATF) recommendations, European 3^rd Directive, Bank Secrecy Act, USA PATRIOT Act, and Office of Foreign Asset Control (OFAC). The suite enables effective and efficient detection of suspicious activity and automates filing of the necessary regulatory reports with the appropriate governmental agencies.

Angelo Aldana, General Manager and Head of Americas Legal and Compliance, Mizuho Corporate Bank, commented, “With our extensive global presence, it was vital for Mizuho to partner with an organization that has both the industry expertise and bandwidth to enable effective monitoring and timely reporting of suspicious transaction activity worldwide. Metavante’s comprehensive suite of AML compliance components and extensive deployment of software solutions in both the U.S. and international market will help ensure Mizuho’s exposure is effectively managed and our interests are well protected.”

Metavante’s Prime Compliance Suite analyzes and reports suspicious money laundering transaction activity that may be present, utilizing a powerful rules engine, customer profiling techniques, and robust case management. The software also provides an automated method to process the request for information from Financial Intelligence units within each country, and perform the electronic search against customer names accounts and detailed transaction information.

“With the rapid changes taking place in today’s turbulent economy coupled with the mounting list of governmental regulations, it’s become more challenging for financial institutions to manage their risk and exposure.