In order to be successful in a competitive environment, corporations must stay agile while maintaining service excellence.
Payments need to be frictionless, and supported by solutions that proactively identify sanctions and other risks, so you can remain compliant.
Some of the world’s leading Corporates use Validate to ensure the frictionless onboarding of customers, suppliers, and staff to their payment processes, and to enable straight through processing of their payments, without fail.
Download this sector deep-dive document to learn how eCommerce companies have benefitted from Validate.
Overview
Close the gap on risk
As your business grows in size, scope and transaction volume, it becomes increasingly difficult to identify potential risk. Screening transactions against a wide range of sanctions lists can generate a flood of alerts that require time and manual effort to investigate. The longer it takes to identify risk, the more your organisation is exposed.
Proactively identify sanctions risk and remain compliant with the Accuity suite of transaction screening solutions.
Gain operational efficiency
Greater accuracy is the key to operational efficiency. At Accuity, our automated filtering processes deliver highly relevant, ranked alerts with fewer false positives so your team can strategically target the most critical matches first. Faster, more efficient review of alerts speeds compliance and helps you mitigate risk.
Whether using Firco Continuity to screen large volumes of transactions or Firco Compliance Link, our all-in-one screening solution for high-volume customer accounts and payment transactions, you can rest assured you are identifying potential risk. For lower volumes or activity that requires an extra level of due diligence, Online Compliance is a convenient look-up tool to manually search components of a transaction against sanctions as well as against politically exposed person (PEP) lists.
Tailored to your needs
Go beyond screening against standard OFAC and EU lists with Firco Global WatchList®. This comprehensive source of sanctions, PEP and other lists is compiled from sanctioning bodies, law enforcement and media and updated regularly so you know you’re always working with the most current information available.
Select the most relevant lists and add data points to enrich the depth of insight and better match your organisation’s particular screening requirements.
Dependable compliance and reporting
Accuity solutions can be integrated into your payment systems for greater efficiency. Advanced reporting provides operational analytics while audit functionality offers transparency and a thorough audit trail for faster compliance review. Accuity is compliant with ISO 20022 message standards to speed your transactions and reduce risk.
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Overview
Be confident in your business relationships
Whether you’re a large established enterprise or a smaller, growing business, Accuity world- leading data and screening solutions have you covered.
We source the most up-to-date information from worldwide sanctioning bodies, enforcement agencies and media for Firco Global WatchList®, which puts an unrivalled selection of reference lists at your fingertips. Screen against more than just standard HM Treasury and OFAC lists to gain broader and deeper visibility into your customers, vendors, banks and other commercial relationships to understand the risk they pose.
Accuity arms you with full risk intelligence so you can choose to pursue relationships with only the parties you know and trust.
Improve screening effectiveness
Efficient, automated screening solutions that support compliance requirements are essential for businesses operating in regulated markets. Reduce manual tasks and improve the overall effectiveness of screening individuals and institutions against sanctions, politically exposed persons (PEPs), and reputationally exposed persons (REPs) with Accuity.
From ready-to-use online tools to highly complex integrations built around your unique requirements, our range of solutions meet a wide spectrum of business types and needs.
Account screening filtering intelligence and high-performance processing come together in Firco Insight to offer a feature-rich entity screening and alert management platform. Advanced risk identification capabilities help to dramatically reduce false positives and increase relevance of true alerts. With fewer alerts to review, resources previously focused on remediation can be reassigned to higher-level tasks.
For screening customer accounts and payments against sanctions, PEPs and other watch lists, there’s no better option than Firco Compliance Link. This all-in-one solution handles automated and manual as well as real-time and batch screening to identify risk across all your lines of business. Add Firco Trade Compliance for screening that covers dual use goods and vessel tracking, among other trade compliance-related needs.
Organisations with lower volumes of sanctions and PEPs can benefit from the online lookup tool, Online Compliance. Search and review individuals and payments against watch lists based on a range of data points to quickly home in on the information you need.
Accuity solutions offer clear audit trails and reporting options that provide explainability to support internal and external audits and regulatory review.
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Overview
Screening accuracy you can depend on
Trade finance compliance can be extremely challenging, especially when screening for sanctions or dual-use goods, which are time-consuming to research and difficult to accurately detect.
Accuity screening solutions provide full knowledge of who you are working with and where your goods are going to keep your trade finance business running safely. With Accuity on your side, identifying export and trade compliance risks just got easier – and more dependable – so you can explore new markets and opportunities with confidence.
Bringing efficiency to manual operations
The paper-based nature of trade finance leans heavily on inefficient manual review of documents and transactions to identify sanctions violations, trade-based money laundering, and other trade-related crime.
Bring a new level of efficiency to your corporate trade finance operations with Firco Trade Compliance. Automatically screen against documents, trade-based data and goods in one comprehensive solution. Firco Trade Compliance also screens locations and transportation vessels – including monitoring ships in real time – to ensure you are not shipping through a sanctioned port of call.
Firco Trade Compliance is an optional offering available with Firco Compliance Link, an all-in-one customer account and transaction screening solution that uses sophisticated filtering to reduce false positives and prioritise alerts for greater operational efficiency.
Data you can rely on
Enhance screening by selecting targeted lists from Firco Global WatchList®, a comprehensive collection of the most-up-to-date information on sanctions, politically exposed persons (PEPs) and reputationally exposed persons (REPs).
Leverage the benefits of Accuity to:
Streamline operations – Automated workflow processes and notifications indicating when there are potential match cases for investigation increase your team’s productivity.
Identify risk with confidence – Comprehensive screening of customer accounts, transactions and trade activity against a full spectrum of sanctions and watch lists provide a holistic view of risk.
Enhance customer service – More efficient screening shortens turnaround time of trade finance applications and speeds legitimate transactions to deliver a fluid customer experience.
Raise compliance standards – Reduce reliance on paper-based audit trails with online tracking of all activity for more efficient auditability and transparency.
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Overview
When it comes to payments, speed and accuracy reign supreme. Faster payments are key to better customer service and more accurate information reduces the cost of delayed or failed payments, which can add up to hundreds of thousands of dollars per year.
Get payments where they are going quickly and reliably with accurate financial data and efficient screening solutions from Accuity.
Driven by data
On-time payments for employee salaries, vendor invoices, and other business expenses depend on the integrity and accuracy of the underlying information.
Ensure your payments are routed correctly the first time with authoritative data from the Bankers Almanac suite of payment solutions. Select from the broadest range of payment codes, jurisdictions and institutions, including our unrivalled data for developing countries. Payment codes are cleansed and validated to help reduce the number of failed payments, saving you time and money.
Bankers Almanac Validate, a new offering from Accuity, validates beneficiary details, such as IBAN, as your customers type, and then automatically adds additional information to prevent payments from failing. The service is delivered through an API that you can seamlessly integrate into your user-facing application or other platform to ensure you process payments with the speed and accuracy your customers demand.
Efficient transaction screening
With Accuity as a partner, sanctions compliance won’t slow you down. Supplement your payment processing with Firco Continuity, a comprehensive solution for screening large volumes of transactions against a wide range of sanctions lists. Watch false positives plummet and efficiency increase as a result of more accurate matches.
Advanced reporting provides operational analytics for your business. Coupled with full visibility into payments, you will have the transparency and audit trails needed to satisfy management and regulators alike. In addition, Accuity payment solutions are compliant with ISO 20022 messaging standards.
Not just payments
Medium- to large-size companies that need to screen customers and goods in addition to payments rely on Firco Compliance Link. This scalable compliance solution can be tailored to meet your organisation’s risk policies. Select from a wide range of sanctions, politically exposed person (PEP) and other lists in Firco Global WatchList® to further align with your business needs.
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