Safe Banking Systems Named Major Player in the IDC MarketScape Vendor Assessment of Know Your Customer Solutions Providers

Mineola, NY - 4 October 2018

SBS also featured in Top 100 in the 2018 IDC FinTech Rankings

Safe Banking Systems (SBS), part of Accuity and a provider of innovative know your customer (KYC) solutions, announced that it has been recognized in two IDC reports: IDC MarketScape and the 2018 IDC FinTech Rankings Top 100.

SBS was profiled as a Major Player in the IDC Marketscape Worldwide Know Your Customer Solutions in Financial Services 2018 Vendor Assessment, which evaluates the most influential software providers serving this market. The report gave SBS high marks on product functionality. It cited SBS’ use of AI and machine learning “to accurately identify and prioritize watchlist matches while significantly reducing false positives” as one of the company’s strengths.

Additionally, SBS was recognized in the 2018 IDC FinTech Rankings. Now in its 15th year, the IDC FinTech Rankings Top 100 from IDC Financial Insights categorizes and evaluates global technology providers to financial institutions based on revenue from hardware, software, and/or services.

“Our inclusion in these reports validates our innovations and expertise in identifying, assessing and managing risk for our financial clients,” said David Schiffer, Founder & CEO of Safe Banking Systems. “The success of our KYC and entity resolution solutions continues to help improve operational efficiency and streamline the KYC process in the fight against financial crime.”

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