FircoSoft, the leading global provider of watch list filtering solutions, announced today that it has signed a partnership with iSolve to resell its flagship watch list filtering solutions and services in order to help financial institutions better comply with tightening regulations within India.
iSolve, headquartered in Chennai, is a technology and services company with strong business practices in the area of Banking, Insurance, E-Publishing and Telecom. iSolve being already experienced in providing Compliance solutions to financial institutions in India, the addition of FircoSoft’s filtering solutions to iSolve’s portfolio was a logical step forward. iSolve will be mainly targeting and serving large banks in India.
“As the market leader for watch list filtering solutions, with existing customers in India, FircoSoft was the best choice and partner to assist our customers in meeting increasingly stringent regulatory requirements imposed by the Indian government,” said Mr. Parthasarathy, MD & CEO, iSolve. “Becoming FircoSoft’s partner provides a real opportunity for us to serve local financial institutions with efficient and effective solutions to boost sanctions controls, mitigate risk and ensure regulatory compliance.”
“We are delighted to welcome iSolve to our partner network. India is an important market for FircoSoft and finding a strong partner in India was full part of FircoSoft’s strategy. iSolve’s local experience in the compliance domain and recognized footprint in India make it the perfect partner for FircoSoft. Their long-term relationships with many of the large banks in India will help grow our mutual business within the region,” said Florence Vicentini, Alliance Director at FircoSoft.
iSolve will resell Firco Continuity to filter transactions and avoid processing illegal payments, Firco Trust to filter entities and/or customers’ information to prevent doing business with risky parties, and the Firco List Service to enhance list management and filtering performance. Implementation and support services for FircoSoft’s solutions will be also offered by iSolve’s experts.