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Innovative Systems' News & Events |
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Press ReleasesWH Ireland Ltd. Selects FinScan Hosted Compliance Solution Leading Independent Stockbroker to Perform Sanctions and PEP Screening in Compliance London, United Kingdom – May 13, 2009 – FinScan, a leading international provider of sanctions, PEP and heightened risk entity screening solutions, today announced WH Ireland Ltd. have chosen the FinScan hosted solution to help reduce enterprise risk and enhance its compliance with the screening requirements of the 3rd EU Directive’s Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) regulations. WH Ireland will screen new and existing customers against World-Check’s data file of known heightened-risk individuals and entities, which is fully integrated with the FinScan solution. WH Ireland is one of the largest independent regional stockbroking houses in the UK and has had a presence in Manchester for over 150 years. The company now has 13 offices in the UK, including Birmingham, Bristol, Cardiff, Colwyn Bay, Leeds and London, as well as an Australian subsidiary in Perth, W.A. WH Ireland chose FinScan over several other contenders, citing key differentiators such as ease of deployment and use, sophisticated matching technology that reduces false positives without increasing the risk of missing a real hit, and the unique ability to begin with either hosted or licensed deployment and then move from one to the other at any stage. “Our sales model allows organisations of any size and philosophy -- towards in-house or hosted solutions -- to take advantage of an efficient ‘best of breed’ data and screening solution that delivers unmatched screening accuracy and is flexible to their individual needs,” said John Haley, FinScan Sales and Marketing Manager. Used in thousands of projects worldwide, FinScan’s robust matching engine facilitates the efficient and accurate screening of large volumes of records with very precise, user-configurable rules for flagging suspicious records. This process greatly reduces the risk associated with missing real matches (false negatives), and minimises the time and cost associated with researching false matches (false positives). About WH Ireland Ltd. About Fin Scan
FinScan helps organizations worldwide meet the requirements of international government regulatory agencies by providing the most advanced sanctions list and PEP compliance solutions available. FinScan offers 24/7/365 list management; licensed or hosted deployment of its software applications; outsourced case tool review; transactional screening options; and automated due diligence reports to help ensure the most effective and accurate compliance for its clients. The FinScan Web site is located at www.finscan.com. 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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