Transact Pro Offers a New Risk Screening Solution in Cooperation with Accuity

24 Nov 2017

This autumn, Transact Pro expanded its cooperation with Accuity, a global leader in the financial industry with respect to providing databases and technical solutions to verify transactions and client portfolios in the financial sector.

Such cooperation gives Transact Pro an opportunity to offer financial companies of the Baltic region increased process efficiency by introducing the Firco Compliance Link solution to verify clients (PEP/Sanction) and their transactions.

“We offer the Firco Compliance Link solution “software as a service” in a cooperation model, which is very convenient for companies. In the introduction process, we provide integration through an API (Application Programming Interface), which facilitates and speeds up introduction of the system,” says Andrejs Bosko, Head of the Risk Management Unit of Transact Pro.

Firco Compliance Link offers a flexible and easy-to-integrate platform, incomparable connectivity, the best sectoral data availability and a user-friendly interface. Thanks to Global WatchList®, a comprehensive summarization of compatibility data, Firco Compliance Link enables automated real-time batch screening of data, identification of search priorities tailored to each company, as well as optimization and regulation of the filtering process to prevent risk and reduce false positives.

“Risk management and compatibility is always topical for financial companies. Today, working with data is increasingly complicated, and we offer a solution to optimize internal processes and improve the quality of internal control, as well as reduce costs resulting from process automation," stresses Andrejs Bosko.

Case study available here