Firco Trust
Firco Trust is designed to detect any restricted entity in your customers and financial counterparts by filtering periodically your large databases of Customers Information File (CIF).
Firco Trust screens large files and generate reports of potential high-risk financial customers.
Main Benefits:
- Stand alone or remote architecture
- Generates audit reports: with statistics and highlighted hits
- Remembers previous hits and decisions (avoid repeating work)
- Ultra fast processing: milliseconds/record
- Works with any list. Official and internal lists may be merged into one single list
- Create patches to fix any mistake found on the list. Each time the list is updated, patches are applied to preserve any former modification
- Lists are enriched with synonyms for name, city, countryExample: Great Britain, UK, United Kingdom, designate one country
- Choose information to be filtered (i.e. name, address, city, country)
- Exclude blocked entities (i.e. vessels, embargoes set to other countries)
- Creation of business rules with the FML option
- Specific name entries may be added to increase the filter performances
Example:
Your customer: John Doe, 12Green St, London UK
Listed individual: Joe Doe, 12Green St, London UK
To avoid getting a hit for John Doe, you may create a "Good Guy" entry for your customer.
Our algorithm manages foreign translations, misspellings and typing errors, abbreviations, acronyms, first names initials, compound and concatenated words.
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