FircoSoft Signs an Agreement with BankersAccuity to Expand its Sanctions List Service
Posted: 23 October 2012 | Source: FicroSoft
FircoSoft, the leading global provider of watch list filtering solutions, announced today that it has signed an agreement with BankersAccuity to expand the number of sanctions and watch lists offered by its Firco List Service (FLS). FircoSoft customers will now benefit from the unmatched depth and breadth of BankersAccuity’s sanctions data paired with the high expertise of FLS. These lists will be updated, enhanced, tested and validated by the Firco List Service team to ensure the highest degree of quality, and optimal use with FircoSoft solutions.
Founded over 175 years ago, BankersAccuity is a pioneer in delivering data to the financial services industry. As part of this new agreement, BankersAccuity will supply FircoSoft with lists from its Global WatchList®, a proprietary compilation of multiple caution lists from major sanctioning bodies, law enforcement agencies and financial regulators worldwide.
“The Firco List Service is an innovative and highly effective offering from FircoSoft that helps banks successfully manage the very complex task of maintaining the quality of multiple sanctions lists, and ensuring they are accurate, tested and updated on a timely basis,” said Hugh Jones, Chief Executive Officer of BankersAccuity. “We are delighted that our partnership with FircoSoft will provide financial institutions with increased access to the broad set of lists from around the world that we supply.”
“BankersAccuity has an exceptional reputation for providing comprehensive data, and we are very pleased to be adding selected lists from its Global WatchList to increase the portfolio of lists we offer to our customers through our Firco List Service,” said Jean Losco, CEO of FircoSoft. “FircoSoft is committed to evolving and growing our Firco List Service as often as possible to meet customer requirements, and adding additional lists via BankersAccuity is an important step forward in our strategy.”
Since 2003 FircoSoft has offered its Firco List Service to help financial institutions manage and validate their selection of official sanctions lists. Over 50 leading financial institutions benefit from the Firco List Service today to stay compliant with government-published lists, eliminate the risk of missing a real match, and reduce the hit rate by optimizing the lists for the filtering engine.