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Innovative Systems' News & Events |
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Press ReleasesInnovative Systems and API Form Strategic Partnership Delivering Enhanced Compliance Screening Solutions to the U.S. Gaming Industry Pittsburgh, PA – September 14, 2005 – Innovative Systems, Inc. today announced that it has formed a strategic partnership with API Services, Inc. to develop specialized technology solutions for the U.S. gaming industry. The joint offerings will provide casinos and other gaming operations with a comprehensive solution to combat corruption, money laundering, terrorism, and other criminal activities. Innovative Systems is a leader in enterprise customer information and regulatory compliance solutions to organizations across the globe, including many of the world’s largest financial services institutions. One of North America's leading gaming consulting firms, API specializes in regulatory and facility development, business due diligence, security and protection services, systems and design, and consulting. The partnership brings together Innovative’s proven technologies with API’s gaming industry expertise to deliver an end-to-end compliance solution that supports the due-diligence screening requirements of U.S. casinos. API’s newly launched Electronic PATRIOT Act Compliance (“ePAC”) product is a one-stop technology solution designed to help gaming organizations comply with the screening, identity verification, and authentication provisions of numerous regulations, including the USA PATRIOT Act and Bank Secrecy Act. ePAC incorporates the powerful suspect screening capabilities of Innovative’s Web-based eWatchLine offering. “We are pleased to announce our partnership with Innovative,” said Dennis Nelson, president of API. “When evaluating compliance screening products on the market in order to select our technology partner, Innovative’s offerings were clearly the most robust and flexible – both of which are essential for any solution targeted to the gaming industry. We know that our combined expertise will help casinos solve some very real and challenging problems in how to meet new and growing compliance requirements in their extremely demanding business environments.” Innovative’s executive vice president of operations, Jeff Canter, added, “Innovative looks forward to extending our proven success in regulatory compliance solutions to the gaming industry through our partnership with API. This represents a significant market opportunity for Innovative, particularly since we are partnering with such a leading force in the gaming industry.” Innovative’s compliance solutions employ the company’s powerful data cleansing, data matching, and suspect screening capabilities to provide the highest levels of accuracy and efficiency. The solutions include screening capabilities for a host of compliance lists, such as U.S. Treasury’s OFAC list, industry-specific exclusion lists, FBI lists and others. Companies across industries such as banking, insurance, mortgage, student lending, automotive finance, automotive retail, healthcare and others confidently rely on Innovative’s compliance solutions to meet their complex regulatory screening requirements. About Innovative Systems, Inc. Since 1968, companies worldwide have relied on ISI’s data quality software, systems integration, database solutions and customer information process consulting. The company has set the standard for data quality management in thousands of customer-centric projects utilizing the firm’s services and software for creation and maintenance of customer-centric databases. Innovative Systems is headquartered in Pittsburgh, Pennsylvania, with European offices in London, and representative offices in Brazil, Mexico, the Netherlands, Norway, South Africa, and the Middle East. ISI software supports both UNIX and IBM operating systems in interactive and batch modes. Its screens can easily be adapted to any language, and its software supports Unicode. ISI has completed projects in more than 30 countries in seven natural languages – with additional languages added on demand. The Innovative Systems Web site is located at www.innovativesystems.com. Company Press Contact: Trademark Notice |
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