Through a collaborative development effort, Norkom and Accuity have built necessary points of integration making Accuity’s Global WatchList compliance data fully functional within Norkom’s financial crime and compliance software suite.
Global WatchList is Accuity’s collection of caution lists from all major sanctioning bodies, law enforcement agencies and financial regulators from around the world. Accuity claimed that, in addition to lists that facilitate enhanced due diligence (EDD) searches and screening for politically exposes persons (PEPs), Global WatchList offers 100% coverage of regulatory sanctions lists for all countries worldwide.
These solutions screen over 1 billion financial relationships daily, enabling financial institutions to comply with national and international regulations and protect their reputations in one adaptable solution.
Hugh Jones, president of Accuity, said: “The customers that we share with Norkom represent some of the largest financial institutions in Europe and the US. By working with Norkom and making it easier for our customers to realize the full benefits of both of our firms’ solutions, we have enabled better risk mitigation and increased the accuracy of detection for our clients.”
Edward Doyle, head of payment solutions at Norkom, said: “We are pleased to have worked with Accuity in making our offerings more compatible. Doing so allows us to continue offering our customers the flexibility and scalability necessary to limit fraud-related losses and lower the cost of compliance.”
