FircoSoft, the leading global provider of watch list filtering solutions, announced today that it has launched a new solution, Firco Due Diligence, to offer small and mid-sized banks, broker dealers, insurance firms and corporates with a cost-effective and rapidly deployable solution for sanctions and PEPs screening of relationship information and customer data.
Firco Due Diligence combines the robust features of recently-acquired Telovia’s Panorama Workbench with the power of FircoSoft’s filtering engine all within a packaged and pre-configured environment.
“Tightening legislation across the board from economic trade sanctions and embargo restrictions, to the UK Bribery Act and the FCPA anti-corruption regulations, require companies to have effective KYC and due diligence systems in place,” said Pascal Aerens, Head of Product Strategy of FircoSoft. “We developed Firco Due Diligence to provide organizations with an easy-to-use solution to rapidly meet these regulatory requirements and provide immediate protection against fines and the reputation risk induced by bribery, corruption and other financial crimes.”
Firco Due Diligence is a Know Your Customer (KYC) and Customer Due Diligence solution designed for small and mid-sized financial institutions, insurance companies and corporates. Firco Due Diligence is pre-packaged and pre-configured enabling a fast deployment for organizations to benefit from a very low total cost of ownership (TCO) while meeting local and international regulatory requirements. Harnessing over 20 years of filtering technology innovation and expertise, FircoSoft’s newest Firco Due Diligence solution covers the complete Customer Due Diligence lifecycle.
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