24 January 2017
visit http://www.wolterskluwerfs.com

FircoSoft sanctions screening kit heads to Brazil

27 June 2014  |  2059 views  |  0 Source: FircoSoft

FircoSoft, the leading global provider of watch list filtering solutions, announced today it has signed a partnership with FATO IT Consultancy, a Brazilian transaction monitoring software and services company.

FATO, founded in 2009, provides solutions and services for compliance specifically in the area of Anti of Money Laundering (AML). Its SIRCOI (Tracking System Capital of Illicit Origin) solution was designed to meet the growing demand for solutions to combat money laundering in the Brazilian territory. Over 20 financial institutions utilize FATO's SIRCOI solution. In the coming months, SIRCOI will be integrated with Firco Due Diligence, FircoSoft's KYC solution for sanctions and PEPs screening of relationship information and customer data.

"FircoSoft's strong reputation in the market and world-renowned matching algorithms will complement our AML technology, and give our customers the best solution available today in the market to address AML and KYC/CDD. We look forward to expanding our customer base in Brazil with this unique solution to provide FATO customers and financial institutions in the region a way to significantly boost KYC/CDD controls and improve reputational protection," said Franco Tanaka, Director of FATO.

"We are very pleased to add FATO to our partner network in South America. As a well-established AML solution provider with strong local expertise, FATO's SIRCOI solution combined with Firco Due Diligence will provide customers with a robust, industry-proven and cost-effective solution to better serve the Brazilian market," said Gilberto Pacheco, Manager Director of FircoSoft's Brazil.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit wavestone.co.ukhttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Top topics

Most viewed Most shared
US fintech firms join forces to push data sharing via APIsUS fintech firms join forces to push data...
10428 views comments | 61 tweets | 53 linkedin
HSBC forms tech advisory boardHSBC forms tech advisory board
7056 views comments | 22 tweets | 23 linkedin
hands typing furiouslyBlockchain: Securities market infrastructu...
6252 views 0 | 3 tweets | 3 linkedin
New York regulator blasts OCC over bank charter plan for fintech firmsNew York regulator blasts OCC over bank ch...
6234 views comments | 21 tweets | 15 linkedin
China's Ant Financial goes global in bid for two billion users in 10 yearsChina's Ant Financial goes global in bid f...
5806 views comments | 22 tweets | 12 linkedin

Featured job

AUD$ 420K plus superannuation and full executive b...
Sydney

Find your next job