Sword FircoSoft

Provider Description:

The provider of the #1 watch list filtering solution*, Sword FircoSoft has over 15 years’ experience of providing reliable best-in-class watch list filtering and straight through processing (STP) solutions which are all quick to deploy. Today, financial institutions are required to comply with increasingly stringent international regulations on terrorist financing and embargoes. Sword FircoSoft’s watch list filtering solution, Firco Filtering Suite, provides invaluable support to financial institutions by eliminating the risk of processing illegal transactions through real-time transaction filtering. In addition, checks on third parties can be carried out during the all-important client take-on process. Firco Filtering Suite is multi-alphabet ready, can be interfaced in a straightforward manner with any system and can operate on all major IT platforms. Over 350 customers in more than 55 countries (representing over 650 live sites worldwide) already benefit from Sword FircoSoft’s watch list filtering solutions. Firco STP Factory is an integrated offering to improve the automated processing rate of bank-to-bank transactions by transforming, repairing and completing rejected payment and securities messages, thereby speeding up the process and reducing the number of costly manual repairs. The recently launched solution for correspondent banking, Firco Preferred Correspondent, offers an innovative centralised approach to payment routing and allows financial institutions more flexibility to address compliance and regulatory requirements and offers good return on investment by increasing straight through processing rates, enhancing customer services and producing relevant reporting. * ranking by Celent since 2003