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Save the Children Selects Innovative Systems
for OFAC Compliance |
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| Innovative's web-based eWatchLine™ compliance solution marks a year of service, counts organizations from non-profits to automotive dealers as clients |
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| Pittsburgh, PA - September 9, 2004 - Demonstrating the growing demand for reliable and affordable compliance solutions, Innovative Systems, Inc., a global provider of customer data integration and regulatory compliance solutions, marks a year of service for its web-based eWatchLine™ Compliance Solution and announces a host of new clients using the service. Among its inaugural clients is the highly respected charitable organization, Save the Children, which chose eWatchLine to ensure compliance with the mandates of the U.S. Treasury's Office of Foreign Assets Control (OFAC). |
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| Save the Children is the leading independent global organization that creates real and lasting change in the lives of children in need in the United States and around the world. To ensure its continued focus on its core mission, Save the Children sought a flexible means to enhance its compliance processes in the most time- and cost-effective manner. |
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| "When evaluating compliance products to support our activities, Innovative's eWatchLine stood out because it offered the functionality and reliability that we were looking for in a hosted, web-based solution," said Ed Granger-Happ, CIO for Save the Children. "Additionally, eWatchLine's hosted services model gives us the flexibility and support that we need to perform ad-hoc and batch checks, both of which are important components of our compliance program." |
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| Representing a variety of industries impacted by legislation that increases requirements for customer identity verification and customer screening, such as the U.S.A. PATRIOT Act, other eWatchLine clients include Economy Rent a Car, Buy Back Store, Mortgage Tree Lending, Action Auto Wholesalers, and PPL Motor Homes. The organizations using eWatchLine point to its ease-of-use, affordability and reliability as the driving factors in their selection. |
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| "Last year Innovative launched eWatchLine to offer organizations of varying size and industry-focus a viable alternative for meeting their regulatory requirements," said Jeff Canter, Innovative's executive vice president of operations. "We are gratified that response to this offering has been so strong, and pleased that we're able to offer proven solutions to the spectrum of organizations that are working so diligently to ensure their compliance with these new requirements." |
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| The eWatchLine Compliance Solution is an interactive Web site that enables organizations to verify customer identification and compare customer records against lists of criminal suspects and fugitives published by the U.S. and international government agencies. The web-based solution provides capabilities for ad-hoc, real-time checks, along with periodic batch comparisons. |
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| Innovative introduced its first compliance product in 1998 to help its financial services clients conform to U.S. Treasury's OFAC regulations. Innovative's offerings have since expanded in scope to provide compliance solutions for a variety of national and international regulations, including the Bank Secrecy Act, the U.S.A. PATRIOT Act, Sarbanes-Oxley, and Basel II, among others. Innovative's compliance solutions are available as licensed software, hosted services, or as a combination of web-based and hosted services. |
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| About Innovative Systems, Inc. |
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| Innovative Systems is a world leader in delivering enterprise customer information solutions to organizations whose success depends on a complete and accurate understanding of their customers. ISI's solutions include: i/Lytics® Enterprise Data Quality Suite; i/Lytics GLOBAL™ Suite for CASS™ certification, geocoding, and longitude/latitude coordinates; Synchronos™, ISI’s proven CDI and enterprise customer management solution; and FinScan™ for compliance list, sanctions and PEP screening compliance. |
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| Since 1968, companies worldwide have relied on ISI’s data quality software, systems integration, database solutions and customer data quality audits. The company has set the standard for data quality management in thousands of customer-centric projects utilizing the firm’s services for creation and maintenance of customer data. ISI’s work has included clients in more than 30 countries. ISI maintains headquarters in Pittsburgh, Pennsylvania, with European operations based in London. Representative offices are in Washington, D.C., Phoenix, AZ, and Mexico City. The Innovative Web site is located at www.innovativesystems.com.
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| Company Press Contact: |
Karin O'Sullivan
Innovative Systems, Inc.
Tel: +1 (412) 937 7678
kosullivan@innovativesystems.com |
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Trademark Notice
i/Lytics, i/Lytics Data Profiler, i/Lytics SECURE, eWatchLine, FinScan and Synchronos are trademarks of Innovative Systems, Inc. All other products or company names are used for identification purposes only, and may be trademarks of their respective owners. |
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