Nordea a leading financial services group in the Nordic region and one of the largest banks in Europe, sought Firco Trade Compliance a robust trade compliance screening solution that was automated, with a sophisticated algorithm for identifying dual use goods, and capable of detecting and alerting the bank to changes mid-trade.
Firco Trade Compliance provided:
- Improved Efficiency in Screening- All in one place: Access to all information relating to a particular trade is stored in one place, which reduces human error and unnecessary duplications
- A clear audit trail: Firco Trade Compliance records this audit trail electronically, making sure all screening activity and decisions are captured and date stamped, without adding to the team’s workload
- Optimised processes – constant screening: It reduces the time spent manually checking for changes to information during a trade cycle, as this is now automatically flagged by the system
Read the case study to see how we helped Nordea to achieve these results.