FircoSoft, the leading global provider of watch list filtering solutions, announced today that Rede de Telecomunicações para o Mercado (RTM), a Brazilian Service Bureau, went live with Firco Continuity.
Founded in 1997, RTM, a leading service provider in Brazil, offers outsourced SWIFT connectivity to over 35 Brazilian banks. Today, five banks are using the Firco Continuity transaction filtering service provided by RTM and “powered” by FircoSoft to detect and block transactions including listed parties list, and eliminate the risk of processing illegal transactions.
“RTM chose Firco Continuity due to the solution’s superior features and functionality, and leadership in the market,” said Carlos Roberto S Teixeira, Director of Operations of RTM. “In addition, FircoSoft’s local presence and strong support in Brazil will help to facilitate high quality services for our Service Bureau customers facing the new local regulations regarding AML/TF and anti-corruption.”
“We are delighted to add RTM to our FircoSoft Service Bureau network providing smaller financial institutions with low transaction volume, SWIFT Connectivity and a world-class screening service,” said Gilberto Pacheco, Manager Director of FircoSoft’s Brazil Office. “We look forward to helping customers in Brazil benefit from a cost-effective, rapidly deployable and easy-to-maintain service provided together with RTM’s local expertise and support.”
Firco Continuity is real-time transaction filtering solution designed to eliminate the risk of processing illegal transactions. Firco Continuity is multi-alphabet ready and can be interfaced to any banking application, operates on all major platforms, and filters any message type including ACH, SWIFT, FEDWIRE, and SEPA. The solution can filter against any sanctions list (such as EU, OFAC, HMT, and UN), third-party lists or internal watch lists.