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Description

ONESOURCE Denied Party Screening provides a secure and automated solution for evaluating customers, suppliers, and partners against over 750 international restricted-party and sanctions lists, integrating seamlessly with import/export management systems to prevent transactions when a match is detected. This system ensures ongoing compliance through daily updates of worldwide lists and a meticulous content-validation process that involves collaboration with government entities. Users can customize the screening process by selecting pertinent lists and setting specific match-score thresholds that align with their individual risk assessments. The advanced matching algorithms utilize more than 30 data elements, including name, date of birth, location, and citizenship, effectively reducing the incidence of false positives. Furthermore, the solution strengthens transaction security by assessing supply-chain participants based on the best practices recommended by the U.S. State and Commerce Departments, reveals intricate ownership structures through Dow Jones sanctions-ownership research, and expands due diligence efforts to include Politically Exposed Persons (PEPs), thereby enhancing overall risk management strategies. Such comprehensive functionality ensures that organizations can operate with greater confidence in their compliance efforts.

Description

Transform global trade operations by digitizing essential tasks such as transaction matching, reconciliation, and workflow management. Whether you are involved as a buyer or a seller in the securities market, Tungsten Optitrade offers the tools necessary to confirm trade details, authorize transactions, update ownership records, and facilitate the transfer of both securities and cash. For brokers and investment managers, this platform enhances the efficiency of overseeing, tracking, and evaluating securities and cash transactions. Seamlessly navigate the complex landscape of invoice requirements that vary by region, language, and compliance standards. By automating trade confirmation processes, you can enable straight-through processing, which accelerates trade execution while reducing exceptions and hastening resolutions. Additionally, by automating the distribution of transactions throughout the organization, you can cut down on errors and instances of non-delivery, while also eliminating the cumbersome manual data entry between applications and networks. Furthermore, improving accuracy in the trade verification process becomes possible by significantly diminishing the reliance on manual data extraction, leading to enhanced operational efficiency. This comprehensive approach not only streamlines the trading process but also fosters greater confidence in transaction integrity across the global market.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Oracle Cloud Infrastructure
SAP Cloud Platform
Salesforce
Thomson Reuters ONESOURCE

Integrations

Oracle Cloud Infrastructure
SAP Cloud Platform
Salesforce
Thomson Reuters ONESOURCE

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

Thomson Reuters

Founded

2008

Country

Canada

Website

mena.thomsonreuters.com/en/products-services/global-trade-management/onesource-denied-party-screening.html

Vendor Details

Company Name

Tungsten Automation

Founded

1985

Country

United States

Website

www.tungstenautomation.com/products/optitrade

Product Features

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