Sword FircoSoft, the leading global provider of watchlist filtering solutions and Decillion Group, the leading systems integrator and Swift Service Bureau operator in the Asia-Pacific region, have joined forces to offer best-in-class watchlist filtering technology on Decillion's Swift Service Bureau hosted in Singapore.
Sword FircoSoft's award winning filtering solution, Firco Continuity, has been installed on Decillion's SWIFT Service Bureau and allows financial institutions to filter their inbound and outbound SWIFT transactions in real-time, against the sanctions lists provided by Sword FircoSoft's Firco List Service. Eight customers in the Asia-Pacific region are already benefitting from this service offer, achieving substantial cost savings, while using Decillion's cost efficient and professional Swift Service Bureau for access to the SWIFT network. With Sword FircoSoft's filtering technology directly plugged in, Decillion's SWIFT Service Bureau customers can be compliant with local and international sanctions without the initial investment for an in-house implementation and without the necessary effort to keep the programme maintained and lists up to date.
"This combined offer is particularly praised by Banks with small volumes of transactions and limited budget for the management and maintenance of their own IT infrastructures. It gives them peace of mind and they know they can rely on the full availability and operability of our service", says Laurent Corbel, Sales Director, Sword FircoSoft.
Ian Loh, Senior Manager Sales & Service Bureau, Decillion Group, adds: "This collaboration proves to deliver highly reliable services to our customers in Asia. They achieve full compliance by filtering their SWIFT transactions without compromising the operational efficiency and the continuity of their business".