Hugh M. Jones IV, President & CEOOne of the flagship products of Accuity is Bankers Almanac for Payments that allows clients to process payments to and from anywhere in the world.
It offers data-enabled tools to authenticate payment codes, minimize settlement risk for better rates of straight-through processing, compress processing cycles, and develop the certainty of a settlement. Besides, Bankers Almanac for Payments proactively collects information directly from banks and primary sources, which are recorded and updated timely by a team of 140 data analysts, working in 19 languages to deliver accurate and comprehensive intelligence.
Another major offering of Accuity is Bankers Almanac for Risk and Compliance, which provides a comprehensive view of sanctioned and state-owned enterprises. It also provides deep insight into potential risk in support of Know Your Customer (KYC) due diligence activities. Bankers Almanac for Risk and Compliance suite of products include Bankers Almanac for Counterparty KYC, Bankers Almanac Due Diligence Repository, Bankers Almanac KYC Due Diligence Data File, Bankers Almanac Regulatory Views, and Bankers Almanac Ultimate Beneficial Ownership Data (UBO).
On the other hand, Accuity’s Fircosoft portfolio helps clients in meeting regulatory requirements with an end-to-end policy control process. The portfolio which has been designed while working very closely with clients provides an additional layer of security over screening configuration and gives confidence to the compliance officers to easily verify results and provide proof of control to the regulator. It also helps clients in optimizing financial crime compliance screening to reduce false positives.
Explaining how Accuity helps its clients, Jones gives an example of a large European bank that enhanced customer experience and driven more accurate payments processing with Accuity Global Payments Data. Societe Generale, a French top-tier retail bank with a presence in 66 countries, handles thousands of transactions every day for its millions of clients. It needed payments information that could set up a base for better customer experience while driving efficiencies within its internal processes. Societe Generale soon approached Accuity, and the company provided the client with global payments data through Bankers Almanac Global Banking Resource (formerly TGBR) and Bankers Almanac IBAN Complete, which help them validate payments instructions by checking them with SSI collected by Accuity.
Though Accuity’s main goal is to protect the reputations of its clients, the company also aims to offer improved payment operations and greater clarity on compliance and risk to its clients soon. And for that, the company has already started enhancing its products to help banks conduct faster and more accurate risk assessments for financial counterparties.
Another major offering of Accuity is Bankers Almanac for Risk and Compliance, which provides a comprehensive view of sanctioned and state-owned enterprises. It also provides deep insight into potential risk in support of Know Your Customer (KYC) due diligence activities. Bankers Almanac for Risk and Compliance suite of products include Bankers Almanac for Counterparty KYC, Bankers Almanac Due Diligence Repository, Bankers Almanac KYC Due Diligence Data File, Bankers Almanac Regulatory Views, and Bankers Almanac Ultimate Beneficial Ownership Data (UBO).
On the other hand, Accuity’s Fircosoft portfolio helps clients in meeting regulatory requirements with an end-to-end policy control process. The portfolio which has been designed while working very closely with clients provides an additional layer of security over screening configuration and gives confidence to the compliance officers to easily verify results and provide proof of control to the regulator. It also helps clients in optimizing financial crime compliance screening to reduce false positives.
Explaining how Accuity helps its clients, Jones gives an example of a large European bank that enhanced customer experience and driven more accurate payments processing with Accuity Global Payments Data. Societe Generale, a French top-tier retail bank with a presence in 66 countries, handles thousands of transactions every day for its millions of clients. It needed payments information that could set up a base for better customer experience while driving efficiencies within its internal processes. Societe Generale soon approached Accuity, and the company provided the client with global payments data through Bankers Almanac Global Banking Resource (formerly TGBR) and Bankers Almanac IBAN Complete, which help them validate payments instructions by checking them with SSI collected by Accuity.
Though Accuity’s main goal is to protect the reputations of its clients, the company also aims to offer improved payment operations and greater clarity on compliance and risk to its clients soon. And for that, the company has already started enhancing its products to help banks conduct faster and more accurate risk assessments for financial counterparties.
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