Source: Accuity
Accuity, the leading global provider of Risk and Compliance, Payments and Know Your Customer solutions and FircoSoft, the leading global provider of watch list filtering solutions, have been selected by Standard Chartered Bank to provide integrated global sanctions screening and data.
The fully integrated Accuity and FircoSoft solution offers unparalleled operational efficiency, while combining sanctions data and systems provides certainty that enhancements to either element work together effectively - crucial given the complexity and the frequency with which the data and sanctions requirements change.
Hugh Jones, CEO of Accuity said: “I am delighted to announce we’ve been selected by Standard Chartered Bank - the unique combination of Accuity’s market-leading data and FircoSoft’s best in class account and transaction screening platform helps our clients understand and manage their risk exposure.”
Markus Schulz, Global Head FCC Controls, Standard Chartered Bank said: “Establishing an effective solution for screening is paramount for every financial institution. We were looking to meet this objective and increase our efficiencies at the same time. We found a comprehensive offering with the combination of Fircosoft screening and Accuity data replacing our existing infrastructure with a consolidated solution, which we help us to progress both objectives.”