FircoSoft and NTT Data Getronics Celebrate Successful Eight-Year Partnership Serving the Japanese Market
Singapore, SINGAPORE – 07 June 2012 – FircoSoft, the leading global provider of watch list filtering solutions, is proud to announce the celebration of a successful and fruitful eight-year partnership with NTT DATA Getronics Corporation, based in Tokyo, Japan.
NTT DATA Getronics is a leading systems integrator providing payment and settlement infrastructures with 7 offices and 47 service centres throughoutJapan. FircoSoft and NTT DATA Getronics joined forces in 2004 to help Japanese financial institutions meet stricter regulatory requirements related to anti-terrorist financing controls. Since 2004 numerous implementations of FircoSoft’s watch list filtering solution have been deployed from small to very large financial institutions inJapan. Designed to address the needs of the market, the solutions are multi-alphabet ready and support transliteration, enabling the real-time filtering of data in Katakana, Hiragana and Kanji characters.
“It has been our pleasure to be partnering with FircoSoft to serve and deliver its premier watch list filtering solutions to the Japanese financial market,” said Masashi Yanaka, Executive Vice President & Director of NTT DATA Getronics. “FircoSoft listens to customer needs and adapts its solutions to the local market and requirements, which are vital factors to our success in the region. We look forward to the years to come to continue our rewarding partnership with FircoSoft.”
“We have been very pleased with our partnership with NTT DATA Getronics, thanks to their strong position in Japan, excellent local support and maintenance services, and expertise in sanctions filtering controls,” said Jean Losco, CEO of FircoSoft. “We will continue to provide features dedicated to the Japanese market to enable NTT DATA Getronics help financial institutions continue to evolve with new business needs and the changing regulatory landscape. FircoSoft and NTT DATA Getronics will keep working together to support and promote the future versions of FircoSoft’s products in Japan.”
The Firco Filtering Suite helps financial institutions eliminate the risk of processing illegal transactions and detect high-risk financial customers. It offers real-time transaction filtering as well as third-party information filtering to prevent financial institutions from starting a new business relationship with a sanctioned individual or company.
To further support customers in Japan, FircoSoft has added the Japanese Ministry of Finance (MOF) sanctions list to its Firco List Service directory of supported lists. The Firco List Service manages a financial institution’s specific selection of official sanctions lists. With this service, FircoSoft experts manually update, enhance, test and validate lists to verify the filtering process and suggest exceptions to reduce false positive hits. The Japanese MOF list is the latest addition to the list directory that contains OFAC, HMT, EU, UN, OSFE and many others.