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Accuity Partners With Jade Bird to Enhance Presence in the People's Republic of China

Accuity, the leading worldwide provider ofpayment routing data, AML screening software and services, announced todaythe formation of a partnership with Beida Jade Bird Commerce Technology(Jade Bird), a division of Jade Bird Group, a leading IT service providerin China.

This partnership will provide a local presence for Accuity to help deliverits payment and compliance solutions to the financial services market inthe People’s Republic of China. In addition to acting as a sales agent forAccuity, Jade Bird will provide first level customer and technical supportfor Accuity’s customers in China and assist with installation, integrationand business process improvement engagements.

“We are very pleased to announce this partnership with Jade Bird,” saidHugh Jones, President of Accuity. “With the introduction of new ChineseAML/KYC regulations and the double-digit growth of international paymentvolumes in China, the need to provide financial institutions andcorporations with local access to Accuity’s industry-leading solutions isvery evident.”

Accuity offers a number of solutions for financial institutions andcorporates worldwide including: Payment Solutions that provide global bankrouting data, covering all countries worldwide, to cost-effectivelyprocess payment transactions; a comprehensive Compliance Suite thatconsists of industry-leading filtering engines and a range of cautionlists and Politically Exposed Persons databases covering all jurisdictionsworldwide that provide a prime defense against participation in illicitfinancial activities; and, Strategic Services with expertise in falsepositive reduction and payment straight through processing (STP) analysisto help optimize business efficiency.

“Accuity understands the importance of helping businesses around the worldimprove their operations with sophisticated and comprehensive solutions,”said John Chen, General Manager for Jade Bird. “Through our partnershipwith Accuity, we will be able to ensure that Chinese organizations havethe solutions they need to meet new anti-money laundering requirements andachieve improved rates of payment straight through processing.”