Bermuda Commercial Bank Selects Mantas as Platform for Compliance and Risk Management

Benefits from Scalability of World’s Leading Platform for Compliance


New York, NY -- (ReleaseWire) -- 05/24/2006 --Bermuda Commercial Bank, a Bermuda bank primarily focused on serving the international business community, has selected Mantas, Inc. as the platform for its anti money laundering and future compliance programs. In addition to the world-class reputation for Mantas Anti-Money Laundering, Bermuda Commercial Bank selected Mantas for its ability to scale according to both business and regulatory changes.

“The list of institutions using Mantas today is an indicator not only of their market reputation, but also of the positive relationships Mantas has developed with its customers,” said Tim Ulrich, President and Chief operating officer of the Bermuda Commercial Bank. “Mantas’ solutions can do more than meet one regulatory requirement. They can grow and expand as our requirements change. This level of scalability made them the right choice.”

“We’re excited to be working with Bermuda Commercial Bank,” added Darren Innes, executive vice president and general manager, EMEA, Mantas. “The team at Bermuda Commercial bank has demonstrated a clear focus on developing both a world-class anti money laundering capability and a commitment to the needs of compliance moving forward”

Mantas Anti-Money Laundering mitigates risk with comprehensive, enterprise-wide surveillance of customer, account and transaction information to alert supervisors to suspicious behaviors. The system’s unique ability to analyze every transaction and generate risk-based alerts of suspected money laundering activities allows Anti Money Laundering and compliance officers to distinguish fraudulent from legitimate transactions.

Mantas Behavior Detection Platform
The Mantas Behavior Detection Platform is the industry\'s most comprehensive solution for avoiding risk, exceeding regulatory requirements, and enhancing customer relationships. Mantas analyzes the behavior of customers, employees, and partners in every transaction across the enterprise, from every angle; past,

present, and future, empowering companies to act with precision and confidence. Mantas creates transparency, increasing your ability to understand your business - both risks and opportunities. Transparency ensures trust. Trust, along with operational excellence, is the key to retaining customers and growing market share.

About Mantas
Mantas provides its clients with the industry’s most advanced solutions for regulatory compliance, loss prevention and revenue generation. Our clients recognize greater transparency of their business and make better-informed decisions as a result. Mantas is a global software company with operations in Europe, the Americas and Asia/Pacific. Recognized as a leader in global operational transparency, the company’s products are used by more than 5,000 finance professionals in more than 100 countries.

Headquartered in Herndon, Va., the company has offices in London, New York, and Singapore. Mantas is a Safeguard Scientifics, Inc. (NYSE: SFE) partner company. For further information please visit