Sword FircoSoft, a provider of watchlist filtering solutions and Decillion Group, a systems integrator and SWIFT Service Bureau operator in the Asia-Pacific region, have joined forces to offer watchlist filtering technology on Decillion’s SWIFT Service Bureau hosted in Singapore.
Sword FircoSoft’s filtering solution Firco Continuity, has been installed on Decillion’s SWIFT Service Bureau and allows financial institutions to filter their inbound and outbound SWIFT transactions in real-time, against the sanctions lists provided by Sword FircoSoft’s Firco List Service.
According to the Sword FircoSoft, eight customers in the Asia-Pacific region are already benefitting from this service offer. With Sword FircoSoft’s filtering technology directly plugged in, Decillion’s SWIFT Service Bureau customers can be compliant with local and international sanctions without the initial investment for an in-house implementation and without the necessary effort to keep the programme maintained and lists up to date.
Laurent Corbel, sales director at Sword FircoSoft, said: “This combined offer is particularly praised by banks with small volumes of transactions and limited budget for the management and maintenance of their own IT infrastructures. It gives them peace of mind and they know they can rely on the full availability and operability of our service.”
Ian Loh, senior manager sales and service bureau at Decillion Group, said: “This collaboration proves to deliver highly reliable services to our customers in Asia. They achieve full compliance by filtering their SWIFT transactions without compromising the operational efficiency and the continuity of their business.”
