Firco Continuity

#1 Watch List Screening Solution Helping You to Work Smarter, Not Harder

Firco Continuity is FircoSoft’s flagship watch list filtering solution designed to ensure compliance and detect and block transactions including listed parties.  Firco Continuity is multi-alphabet ready and can be interfaced to any banking application, operates on all major platforms, and filters any message type including ACH, SWIFT, FEDWIRE, and SEPA.  The solution can filter against any sanctions list (such as EU, OFAC, HMT, and UN), third-party lists (such as BankersAccuity, Dow Jones, World-Check or WorldCompliance) or internal watch lists.

Firco Continuity users can also sign-up for the Firco List Service (FLS) to update, enhance, test and validate your lists to improve quality and filtering results. Today, the FLS manages the following sanctions lists.

Key Features

• Powerful filtering engine for reduced false positives
• Case management, reporting and audit trail
• Flexible and easy to use interface
• Customizable workflow
• Supports all formats for centralized filtering
• Multi-alphabet ready

Firco Continuity also offers add-on modules with advanced features to improve system control and increase productivity:

• Stripping Detection - identify and block amended payments, and protect your financial institution against processing payments that have been purposefully altered
• Message Pairing - pair messages related to the same transaction, for instance a cover payment MT202 will be held until the funds transfer MT103 is released by the operator
• Decision Reapplication - automate previously made decisions (i.e., “learning” from the decisions made by users, so that the next time a similar transaction comes through, manual review is not required)
• Workflow Accelerator – automatically prioritize, route and escalate alerts (for example, routing hits on an embargoed country directly to a compliance- level reviewer) with a configurable workflow router
• Advanced Reporting - generate custom reports by utilizing a reporting data mart that can be accessed via any reporting tool (e.g. Business Objects, Cognos etc.)
• Advanced Workflow - add multiple levels and decision approval processes with customized statuses, transitions or decision buttons
• Real-time Filtering Dashboard - proactively identify and address potential issues before they impact operations and customers

“The great involvement and dedication of FircoSoft’s team ensured a successful and smooth deployment of the solution.”

Hagen Schaumkell, AG Director, WestLB

“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.”

Eliezer Chamdi, Head of Banking Services Center, Leumi Bank