ProScan - Embargo and blacklist filtering
EU and US financial sanctions regulations demand that customer records and financial transactions are checked against officially published lists of terrorist and criminal suspects. Violations must be reported promptly to the financial authorities.
With ProScan, TietoEnator offers a complete solution, which through the use of innovative technology will reduce these risks to the absolute minimum.
Norwegian,
French,
German,
Spanish,
Swedish,
Danish,
English
Supported Technologies
AIX,
MS Windows Server 2003
Software
Click on a technology to view similar products within this category.
Pricing
- Unspecified -
nils.gunnar.svanes@tietoenator.com
+47 415 02 609
Additional Product Information
Non-compliance is not an option
EU and US financial sanctions regulations demand that customer records and financial transactions are checked against officially published lists of terrorist and criminal suspects. Violations must be reported promptly to the financial authorities.
Whilst the legal framework has been in place for a number of years, the practical implications for banks have been less clear, particularly in Europe, with the result that many banks only have a partial solution in place, while others still have no solution in place at all.
The number and level of fines and warnings issued in recent months for non-compliance with the regulations, and the publicity they have generated, has sharpened the focus. It has become clear that the risks of non-compliance, particularly in terms of loss of reputation, are high indeed.
With ProScan, TietoEnator offers a complete solution, which through the use of innovative technology will reduce these risks to the absolute minimum.
Full compliance
ProScan offers a solution, fully tailored to a bank's specific service offering by the bank's own business specialists.
The main functional areas of ProScan are as follows
Automated scanning of the customer database and financial transactions
Web query interface enabling ad-hoc checking of names and addresses from anywhere within the bank
User-definable rules covering scanning, workflow and escalation procedures
User-friendly, web-based screens, allowing efficient processing and documentation of suspicious cases
Complete data maintenance features allowing import and update of various lists, including EU lists, OFAC, UK lists, country lists (such as the FATF NCCT list) and user-defined lists
Full audit of user actions and case history
Reporting features
Export of data in XML format for data warehousing and archiving purposes
Minimal disruption of business processing
ProScan achieves full compliance with a minimum of false positives. The built-in workflow facilitates the proper handling of suspect transactions. ProScan handles high traffic peaks to meet cut-off times for all types of transactions.
Secure and powerful integration
One of the important advantages of ProScan is a broad range of integration options. A complete integration solution is offered in conjunction with ProSwitch, TietoEnator's host-based message switching application comprising features such as security, recovery, monitoring, archiving and querying.
Global operations
ProScan acts as a central service for enterprise-wide compliance monitoring, eliminating the need for a patchwork on numerous systems within the bank.