Principality Building Society, one of the UK’s leading mutual financial institutions with £14.1 billion in assets and more than 500,000 members, has partnered with Jade ThirdEye to modernize and elevate its anti-money laundering (AML) operations.
Jade ThirdEye is a cloud-based AML and counter-terrorism financing platform developed by New Zealand-based Jade Software. It provides advanced tools for transaction monitoring, customer screening, case management, and regulatory reporting—all in one seamless interface. The solution is already trusted by over one-third of UK building societies, including Dudley, Leek, and Marsden.
By adopting Jade ThirdEye, Principality aims to streamline compliance and strengthen its financial crime prevention efforts. The platform’s automation capabilities mean that compliance teams can focus more on high-risk threats rather than being bogged down by manual processes. It allows real-time monitoring of transactions and continuous customer screening—critical in today’s fast-evolving financial environment.
Kara Conlon, Head of Financial Crime at Principality Building Society, noted that the automation and ease of Jade ThirdEye will free her team to concentrate more on safeguarding customers than on repetitive tasks. This shift aligns with a broader trend among financial institutions toward smarter, more efficient AML solutions.
Another key advantage of Jade ThirdEye is its ease of implementation. Unlike outdated legacy systems, this platform is quick to deploy and easy to configure. Its user-friendly interface allows compliance teams to take control without relying heavily on IT departments.
By choosing Jade ThirdEye, Principality reinforces its commitment to keeping its members safe while adopting cutting-edge technology to meet regulatory demands. This move is not just about compliance—it’s about embracing the future of financial crime prevention with speed, accuracy, and innovation.
