Banco di Caribe selects Accuity to optimise its transaction and account screening


Banco di Caribe (BdC), the third-largest bank in Curaçao, has selected Accuity, the leading provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, to optimize its transaction, account screening and onboarding processes.

BdC is a provider of financial services, operating primarily in the Caribbean territory of the Kingdom of the Netherlands, including the islands of Aruba, Bonaire, Curaçao and Sint Maarten. By implementing Accuity’s solutions for more secure and safe execution of transactions, BdC enhanced their processes to keep abreast with international developments and to comply with the relevant regulations of the respective supervisory authorities such as the Central Bank of Curaçao and Sint Maarten, Central Bank of Aruba and De Nederlandsche Bank N.V. (the Dutch Central Bank).

In order to be able to increase its correspondent banking profiling and optimize its compliance screening, BdC implemented several Accuity technology and data solutions. Firco Continuity and Firco Trust are being used to perform transaction and account screening against the continually updated Global WatchList®, together with Firco Online Compliance for on-boarding of new customers.

According to Banco di Caribe, Accuity solutions were recommended to BdC by one of their correspondent banks. The software implementation was challenging, but Accuity guided them through the process. Although there was a strict deadline to meet, Accuity and BdC in close cooperation managed to finalize the project in time. The Accuity solutions, Firco Continuity and Firco Trust, have met all the client’s expectations – resulting in a significant time saving and increased efficiency thanks to Accuity’s automated batch screening.

“With its new sanction screening and KYC process workflow, BdC has opened the doors to present itself confidently to more correspondent banking relationships, higher volumes of transfers and increased levels of new business,” said Larry Gandt, Sales Director of Latin America (LATAM) at Accuity.

ENDS

For more information, please contact:

Heather Smith, Accuity
heather.smith@accuity.com
Tel: +44 (0)7342-069-456

Diane Imas, Cognito
accuity@cognitomedia.com
Tel: +1 646 395 6314

Notes to editors

About Banco di Caribe
Banco di Caribe  aims to provide outstanding and reliable financial services to the people of Aruba, Bonaire, Curaçao and Sint Maarten, while creating sustainable value for all stakeholders and our communities. They offer tailor-made products, personal service and highly competitive pricing. The values based on which business is conducted are:

  • Trust
  • Integrity
  • Professionalism
  • Accountability

About Accuity
Accuity offers a suite of innovative solutions for payments and compliance professionals, from comprehensive data and software that manage risk and compliance, to flexible tools that optimize payments pathways. With deep expertise and industry-leading data-enabled solutions from the Fircosoft, Bankers Almanac and NRS brands, our portfolio delivers protection for individual and organizational reputations.

Part of RELX Group, a world-leading provider of information and analytics for professional and business customers across industries, Accuity has been delivering solutions to banks and businesses worldwide for 180 years.

About the Fircosoft portfolio of solutions
As illegal financial activities increase around the globe, so has the danger to the reputations of payments and compliance professionals. Fircosoft’s portfolio of innovative data-enabled technology solutions, delivered through a high-touch consultative partnership, helps these professionals manage risk and avoid damage to the good names of individuals and organizations.

Fircosoft’s pioneering sanctions screening– for transaction, account and trade screening –  and data solutions set the standard for the industry, and our trade compliance expertise is unmatched. Fircosoft’s innovative software is so powerful, it’s deployed by nine of the world’s top ten banks— yet it can be scaled to meet the specific needs of any organization.k#

Media contacts

For more information, please contact:

Heather Smith, Accuity
heather.smith@accuity.com
Tel: +44 (0)7342-069-456

Diane Imas, Cognito
accuity@cognitomedia.com
Tel: +1 646 395 6314