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Average Ratings 0 Ratings
Description
For large banks, financial institutions, and corporations, it is essential to ensure that they are engaging with the correct parties and can substantiate their legitimacy to regulatory bodies. This involves conducting thorough and ongoing due diligence checks on all customers and counterparties, rather than just a one-time review. Inadequate screening can lead to significant reputational harm, loss of operational licenses, personal accountability, and hefty fines, as well as the risk of being linked to individuals involved in terrorism or fraudulent activities. Additionally, while rigorous screening is necessary, it is equally important to optimize processes to facilitate business expansion and manage expenses effectively. Unfortunately, current manual research methods are not sufficient to meet these demands. Automation is essential for improvement, and that’s where Firco Trust steps in: a highly advanced and customizable automated solution designed to screen thousands or even millions of customers during onboarding and on an ongoing basis. This innovation not only enhances compliance but also contributes to overall operational efficiency and growth.
Description
Quickly onboard, off-board, and oversee customers efficiently at scale. Our user-friendly SaaS solution excels in handling complexity and equips compliance teams in regulated financial services to optimize efficiency and foster reliable customer relationships worldwide. Consolidate your data sources in a singular platform. With a vast array of customers to onboard, let’s streamline the process in one unified location. Utilize PassFort Lifecycle to tap into top-tier identity verification, credit, business registry, and fraud data globally through a single API. Swiftly onboard new clients while managing risk and compliance throughout their journey. Establish automated workflows for KYC, KYB, and AML regulations with a SaaS platform that shifts the burden of activity onto our risk engine, rather than your team or clients. Accelerate manual processes and address tasks that resist automation, allowing your compliance team to focus on valuable analysis, judgment, and informed decision-making. By doing so, you enhance overall efficiency and ensure a more robust compliance framework.
API Access
Has API
API Access
Has API
Integrations
NRS ComplianceGuardian
RegTechONE
WorldCompliance Data
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Accuity
Founded
1990
Country
United States
Website
accuity.com/product/firco-trust/
Vendor Details
Company Name
Moody's Analytics
Founded
1909
Country
United States
Website
www.moodys.com/web/en/us/kyc/products/passfort.html
Product Features
Product Features
AML
Behavioral Analytics
Case Management
Compliance Reporting
Identity Verification
Investigation Management
PEP Screening
Risk Assessment
SARs
Transaction Monitoring
Watch List
Compliance
Archiving & Retention
Artificial Intelligence (AI)
Audit Management
Compliance Tracking
Controls Testing
Environmental Compliance
FDA Compliance
HIPAA Compliance
ISO Compliance
Incident Management
OSHA Compliance
Risk Management
Sarbanes-Oxley Compliance
Surveys & Feedback
Version Control
Workflow / Process Automation