Accuity, the leading global provider of risk and compliance, payments and know-your-customer (KYC) solutions, now incorporating FircoSoft, the leading global provider of watch list filtering solutions, announced today that it has been recognized as a category leader in the Watchlist Monitoring Solutions RiskTech Quadrant® of Chartis’ 2016 Financial Crime Risk Management report. Accuity acquired FircoSoft in 2014 and together they specialise in providing data, technology and services to assist in the prevention of money laundering, terrorism financing, and financial transaction tampering. This report reflects the integration of Accuity data and FircoSoft software.
The report examines financial crime risk management systems (which Chartis segments into four areas of enterprise fraud; AML and transaction monitoring; KYC and client on-boarding; and watchlist monitoring) and covers the key trends, challenges and the competitive landscape. Chartis provides research and analysis on the global market for risk management technology.
Accuity is recognised as a category leader in Watchlist Monitoring Solutions for the completeness of its offering and its market potential. In addition, for the first time, Accuity appears in each of the other quadrants, leading the enterprise solutions quadrant for KYC and on-boarding and leading best-of-breed solutions for AML and transaction monitoring.
“We have highlighted the combination of data and technology as an important trend and a differentiator. The integration of the FircoSoft and Accuity brands offers this combination of data-enabled technology and contributed to Accuity’s position in the RiskTech Quadrant for Watchlist Monitoring solutions,” said Peyman Mestchian, Managing Partner at Chartis. “Our view and analysis in this report puts Accuity at the very top for market potential and for completeness of offering, for which the company demonstrates a clear strategy for sustainable, profitable growth, matched with best-in-class solutions.”
Hugh Jones, President and CEO, Accuity, commented: “As we integrate the Accuity and FircoSoft brands and solutions, our clients are already realising the synergy benefits. Being named the category leader for Watchlist Monitoring solutions in this report is further recognition of this work and we are very proud that Chartis has given us this accolade. At a time of enormous uncertainty in the world, we will continue to be a trusted partner to our clients by innovating our solutions and delivering value through improved efficiencies and helping our clients stay ahead of regulation. We continue to focus our innovation on KYC and AML as regulators impose more demanding ultimate beneficial owner and dual-use goods requirements.”