The Future of Transaction Screening is Here
Take control and reduce your compliance burden with real-time transaction screening.
Download the BrochurePowerful Screening, Flexibility and Accuracy
Take Control and Reduce Your Compliance Burden with Real-Time Transaction Screening
Geopolitics, record surges in sanctions and more intense regulatory scrutiny mean the landscape compliance professionals must navigate has never been more complex. These pressures combined with new ISO payment formats, faster payments, increasing transaction volumes and fintech disruption are adding pressure to already overstretched compliance teams.
Financial crime compliance professionals need the confidence to conduct business and pursue growth opportunities with the certainty that their organization is protected from regulatory risk and reputational damage, without compromising on customer experience and speed. Meeting these seemingly conflicting requirements of compliance and speed can be a significant challenge.
Businesses need a powerful screening solution which reduces their compliance burden and helps to control costs, while meeting regulator requirements.
Financial crime compliance professionals need the confidence to conduct business and pursue growth opportunities with the certainty that their organization is protected from regulatory risk and reputational damage, without compromising on customer experience and speed. Meeting these seemingly conflicting requirements of compliance and speed can be a significant challenge.
Businesses need a powerful screening solution which reduces their compliance burden and helps to control costs, while meeting regulator requirements.
Used by 8 of the World’s Top 10 Banks1
1. Based on top bank data from LexisNexis® Bankers Almanac® Counterparty KYC, as of January 30, 2023. Includes U.S. subsidiaries.
Introducing the New and Enhanced LexisNexis® Firco™ Continuity
Firco™ Continuity is a leading transaction screening solution trusted by financial institutions and other businesses around the world. It is a complete and scalable real-time transaction screening solution which enables businesses to ensure sanctions compliance and establish readiness for regulatory scrutiny. It provides businesses with an end-to-end solution from the preparation of data to auditing of transaction screening, including filtering and alert remediation. Enhanced traceability allows you to quickly answer regulators' questions on past alert decisioning.
Designed with speed, accuracy, flexibility and configurability in mind, Firco Continuity is available on cloud or on-premise, easily integrating with existing IT systems, and is supported by technologies that enable optimal performance and scalability.
Designed with speed, accuracy, flexibility and configurability in mind, Firco Continuity is available on cloud or on-premise, easily integrating with existing IT systems, and is supported by technologies that enable optimal performance and scalability.
Proactively Anticipate Challenges and Lower the Overall Cost of Compliance from the Start
With knowledge gained from global Firco Continuity deployments for nearly 30 years, our Professional Services team offers the expertise to proactively anticipate challenges and tailor a design and implementation strategy that addresses your business-specific objectives at every point:
Implementation Services
Go-live and
ongoing support
Configuration and
optimization services
Comprehensive
user training
Firco Academy
The LexisNexis® Firco™ Academy is set of e-learning courses to help develop Firco Continuity users’ skills and help them become Firco Continuity experts.
- Multiple courses covering a wide range of topics
- E-learning courses available anywhere, anytime, at your own pace
- Certification per function: Operators, Administrators, Operations Teams
- New! 12-month subscription available. Complete courses at any time during the subscription, with immediate access for unlimited users Text to come
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The Future of Transaction Screening is Here
Flexible – on cloud or on-premise, to suit your needs
and data residency requirements
and data residency requirements
Scalable – support future business growth with 24/7 real-time screening, and the ability to screen millions
of messages every hour
of messages every hour
Configurable – with more than 40 algorithms, 15 advanced and optional modules and multiple linguistic capabilities, Firco Continuity can be tailored to suit your requirements, geography and risk appetite
Streamline Your Business’s Transaction Screening Process
Control Costs While Meeting Regulatory Requirements
The new and enhanced Firco Continuity allows for flexible integration methods, to help control infrastructure costs. A powerful filtering engine and advanced false positive reduction technology reduce the number of alerts requiring manual review, further reducing overall compliance costs. Be ready for regulatory scrutiny with fully traceable, auditable and explainable retrospective proof to auditors and regulators of your compliance policy in action.
Precision
Ensure full risk coverage by making sure transaction
screening flags all relevant hits.
screening flags all relevant hits.
Efficiency
Save time, money, and resource by dramatically
reducing the number of false positive hits generated.
reducing the number of false positive hits generated.
Prioritization
Focus on activities and alerts that matter through
clearly identified and prioritized higher risk results.
clearly identified and prioritized higher risk results.
Advanced and Optional Modules
Firco Continuity has a range of modules that are continuously updated to respond to emerging market and regulatory requirements, improving your transaction screening processes and experience. With more than 15 modules available, you can tailor the solution to meet your exact requirements. Modules include:
- Cloud Native Deployment: deploys Firco Continuity on cloud infrastructure, making it scalable, elastic and highly available
- Watchlist Update Manager: translates native watchlists into a Firco compatible format, and tracks all changes for greater transparency and regulator explainability
- Screening Operations Controller: helps to improve the efficiency of list and rule management and provides visibility of configuration for sanctions and PEP screening
- Stripping Detector: protects your organization from processing payments that were purposefully altered and detects internal fraud attempts before transactions are processed
FircoTM solutions have been awarded the SWIFT Alliance Screening Add-on Label since 2001.
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