Over 770 customers including 9 of the 10 largest financial institutions rely on FircoSoft to filter transactions and customers against sanctions and watch lists to ensure compliance with regulations on terrorist financing and sanctions programs, and meet Know Your Customer (KYC) requirements.
FircoSoft delivers ongoing services, support and expertise to 2000 customer sites in over 85 countries.
“The choice of FircoSoft’s watchlist filtering solution was a sound measure taken by management to increase filtering efficiency and upgrade the Bank’s existing filtering systems. With local expertise based in their New York office, over 20 years of experience dealing with large financial institutions and very strong customer relationships, the project implementation was seamless.”
Frank Carellini, Senior Vice President and Head of Regulatory Relations, Mizuho Bank Americas
“FircoSoft quickly understood our issues and its solution addressed all items on our list of functional and technical requirements, which made FircoSoft the perfect partner to work with. What is more, we needed a modular solution that could always adapt to new business models and operation scenarios that the firm may want to set in motion, whilst meeting the stringent regulatory provisions of those jurisdictions in which we operate. Not only has FircoSoft demonstrated their understanding of all these intricacies but its project methodology encompasses all the checks and controls guaranteeing a seamless, in-budget and timely roll-out.”
Stefan Wiederkehr, Senior Vice President at Lombard Odier
“We are very pleased with the new Firco Continuity Verify Web solution. It was the perfect choice as it met all our requirements for adding new capabilities to improve our compliance operations. This solution enables us to improve usability, performance and workflow, and ease the ongoing maintenance of the solution. Since deploying the new solution and capability, we have increased our productivity as compliance officers can now make decisions in a faster and easier way.”
Thamer Abdulla, Chief Compliance Officer, Compliance Department, Barwa Bank
“We definitely chose Firco Filtering Suite as it is a de facto standard filtering solution offering all the features we were looking for. The project was successfully conducted within 3 weeks enabling FCIB to comply with strengthen regulations in a very short time frame”
Mr. Joe Barretto, Executive Director, M&A, integration, First Caribbean Bank.
«Initial CEDICAM plans were to deploy SAA 6.3 Early Adopter version, and the related FircoSoft ADK packages. Following SWIFT comments that SAA 6.3 ADK packages will need to be modified to be deployed on the Generally Available versions, we notified FircoSoft in late April that we needed packages ready for SAA 6.3 GA version by mid-May. Despite this last minute change, FircoSoft has been able to deliver their FMF Verify for SAA ADK plug-in, ready for our target SAA 6.3 environment, in a couple of days turnaround”
Michel Azard CEDICAM’s SWIFT coordinator.
«We needed an adapted and high quality solution to filter our volume of SWIFT transactions. Firco Continuity was the perfect choice, taking into account its ideal integration in SAA and its integration time. We are also very pleased with the solution that gives us a reliable filtering system, from which we can maintain a low false positive hit rate by ourselves”
Mr. Ihab Kamal, Chairman of the Board / General Manager of Kamal Exchange CO, LLC.
«It was a real pleasure to work with FircoSoft who promptly answered our requirements in terms of filtering transactions. We are highly exposed to illegal transactions but the implementation of Firco Continuity for SAA enables us to remain compliant and protects us against terrorist Financing and Money Laundering”
Mr. Mohammad Habib, General Manager, Future Exchange.
“Leumi Bank has the intention to meet the challenging regulatory environment with the implementation of an efficient solution. FircoSoft’s expertise in watch list filtering, the flexibility of its solutions and the solution’s integration capabilities made it the key partner to help us achieve our goals”
Mr. Eliezer Chamdi, Head of Banking Services Center, Leumi Bank.
“FircoSoft system will contribute to our on-going effort to be fully compliant with the latest international anti-money laundering (AML) regulations on Watch List Filtering”
Hadil Kayyali, Deputy CEO, from Jordan Ahli Bank