BEinGRID AMONG

BEinGRID (Business Experiments in GRID) was the largest integrated project funded by the Information Society Technologies (IST) priority in the EC’s sixth research Framework Programme (FP6). The BEinGRID consortium was composed of over ninety partners who ran more than twenty Business Experiments designed to implement and deploy Grid solutions in key industrial and commercial sectors.

Grid technology is at a critical transition as it moves from research and academic use to wider adoption by business and enterprise. The use of Grid technology brings many benefits such as the optimisation of IT resources and increased business flexibility with consequent reductions in overall cost and risk for end-users. Grids enable large complex systems to be utilised effectively, allow the sharing of networked resources, and support new business processes across distributed administrative domains.

The AMONG (Anti-money laundering in Grid) Business Experiment used Grids to connect banks together to enhance anti-money laundering systems. An Anti-Money Laundering (AML) system was developed to take advantage of Grids as infrastructures supporting the analysis of transactions both within a single bank and between organisations. Compliance of Grid-based AML with new regulatory obligations was analysed. Issues of trust, security and operational management were addressed, from both technical and business perspectives.

IT Innovation worked with the National Technical University of Athens (NTUA) to integrate the GRIA middleware with the Money Watch software from the Greek IT company EXODUS for deployment at Piraeus Bank.

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BEinGRID received research funding from the EC’s Sixth Framework Programme.