Accuity has partnered with Fundtech to enable enhancements in the PAYplus USA screening engine to accommodate the additional regulatory due diligence and enhanced due diligence caution lists available in Global WatchList. The additional lists will help financial institutions more effectively comply with the USA PATRIOT Act and regulations of other domestic and international jurisdictions.
âWe continue to leverage Accuityâs capabilities to provide more choices in the compliance screening solution to our PAYplus USA clients,â said Brian Jou, Executive Vice President of Global Product for Fundtech.
Enhancements to PAYplus USA include an expanded memory allocation to support the larger data set from Accuity as well as the ability to attribute âhitsâ against the specific source list within Global WatchList and display the results in the PAYplus USA OFACEX exception queue for review.
âFor the past five years, Accuity and Fundtech have had a strategic alliance that has helped both organizations fully serve the more than 100 financial industry customers we share. Being able to now offer our full Global WatchList collection for use within their PAYplus USA system represents our ongoing commitment to meet the needs of our mutual customers with superior screening functionality,â said Hugh Jones, President of Accuity.