Over 630 customers including some of the 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) and FATCA requirements.
FircoSoft delivers ongoing services, support and expertise to 2000 customer sites in over 70 countries.
“The choice of FircoSoft’s watchlist filtering solution is a sound measure taken by management to increase filtering efficiency and upgrade the Bank’s existing filtering systems. With local expertise offered from the New York office and their experience since 1994 with large financial institutions and very strong customer relationships , we anticipate a seamless project implementation”
Mr. Frank Carellini , Deputy General Manager , Americas Legal and Compliance Division, Mizuho Corporate Bank, Ltd. New York Branch.
“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.
“We were looking for a highly efficient solution to filter our in-coming and out-going SWIFT transactions. After narrowing our search to four providers, the choice for FircoSoft’s solution was a logical step, taking into account the breadth of functionality of Firco Filtering Suite, its flexibility, its scalability and its short integration time. In addition, the great involvement and dedication of FircoSoft’s team ensured a successful and smooth deployment of the solution”
Hagen Schaumkell, AG Director, WestLB.
«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.
“FircoSoft was deeply devoted to adapt its products to the microfinance market, with easy-to–use solutions requiring low technical resources and a minimum impact on our current organization. FircoSoft has been fast and very effective as they successfully implemented Firco Trust solution within 5 days. From now on, we are able to check our customers’ files in batch or on-demand and identify potential risks to remain compliant ”
Arnaud Ventura, CEO, MicroCred.
«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.
“We were looking for a highly efficient software to filter our in-coming and out-going SWIFT transactions, in order to comply with the latest regulations. FircoSoft’s solution answered our needs in terms of transactions filtering and customer files filtering perfectly. Firco Filtering Suite is flexible and highly scalable and was implemented in just a few days. The solution enables us to comply with the ever evolving regulations at a low cost of ownership!”
Mr Zouhaier Bhar, Tunis International Bank, Compliance officer.
“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