KYC and AML screening, alert management, due diligence, and regulatory reporting for corporate treasuries, seamlessly integrating with payment and cash management systems.
More about Accuity (part of LSEG)
Tools that facilitate Know Your Customer and Anti-Money Laundering compliance processes for treasury's financial counterparties.
More KYC/AML Compliance Systems
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Document Verification Ability to scan, capture, and validate government-issued identification documents. |
Firco Compliance Suite offers comprehensive ID document and KYC/AML screening, which typically includes document verification as a core capability. | |
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Liveness Detection Checks if the document presenter is a real, live person and not a static image or video. |
No information available | |
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Biometric Matching Facial or fingerprint recognition for matching user with their presented documents. |
No information available | |
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Automated Data Extraction Extracts key data from uploaded or scanned documents using OCR and AI. |
Automated data extraction (OCR) is standard for high-volume screening solutions such as Firco, based on their need to process and analyze vast quantities of documents for onboarding. | |
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Multi-language Support Supports identity documents issued in multiple languages. |
No information available | |
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Email Verification Validates counterparty email addresses as part of onboarding. |
Standard KYC onboarding includes email verification. Firco advertises full digital onboarding coverage, which assumes this capability. | |
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Phone Number Verification Performs one-time password (OTP) or SMS verification of phone numbers. |
KYC onboarding processes from major vendors, including Firco, routinely include OTP/SMS phone number verification as part of regulatory onboarding. | |
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Sanctions List Screening Cross-checks individuals and entities against global and regional sanctions lists. |
A core feature and primary value of Firco Compliance Suite is automated sanctions list screening. | |
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Watchlist Monitoring Continuously screens identities against third-party watchlists and blacklists. |
Firco provides continuous monitoring as part of ongoing due diligence, including watchlists updates. | |
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Address Verification Checks and validates address data with postal services or third-party data sources. |
Address validation is a basic requirement under KYC/AML screening, which Firco supports for corporate onboarding. | |
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SSN/Tax ID Validation Verifies the social security number or tax identification numbers for authenticity. |
No information available | |
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Custom Document Templates Supports custom templates for non-standard or region specific documents. |
No information available | |
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Speed of Identity Checks Average time to complete identity verification. |
No information available | |
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Accuracy Rate Success and accuracy rate of automated identity matching. |
undefined The product's positioning for high-volume, mission-critical onboarding implies high accuracy rates, typical for leading KYC/AML products. |
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Manual Review Escalation Allows cases to be escalated to human agents in ambiguous scenarios. |
Manual review escalation is a standard feature for handling ambiguous KYC/AML cases in enterprise-grade tools such as Firco. |
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PEP Screening Screens counterparty against politically exposed person (PEP) databases. |
PEP screening is offered as a core part of enhanced due diligence in Firco's suite, per product documentation. | |
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Adverse Media Checks Scans news and media sources for negative mentions of counterparties. |
Firco highlights adverse media screening and negative news checks as part of its due diligence workflow. | |
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Continuous Monitoring Real-time or periodic monitoring for updated risk indicators. |
Continuous monitoring is emphasized in the platform's marketing as essential to risk management. | |
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Ultimate Beneficial Owner Identification Traces and verifies the ultimate beneficial owners (UBOs) behind corporate structures. |
UBO identification is a must-have for corporate onboarding; Firco features explicit UBO modules. | |
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Source of Funds Verification Checks the legitimacy and origin of funds supplied by counterparties. |
Source of funds checks are part of the enhanced due diligence outlined in Firco's feature lists. | |
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Geographic Risk Assessment Evaluates-counterparty risk based on country of registration or residence. |
Geographic risk evaluation is promoted as part of Firco's due diligence and compliance risk scoring. | |
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Custom Risk Scoring Assigns and manages custom risk scores based on flexible criteria. |
No information available | |
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Transaction Pattern Analysis Identifies patterns of transactions that may indicate elevated AML risk. |
Firco provides in-depth transaction monitoring, including pattern analysis to identify suspicious behavior. | |
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High-Risk Activity Alerts Generates alerts when high-risk activities are detected. |
High-risk activity alerts are a core expectation from an AML platform and described in Firco's AML monitoring. | |
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Number of Data Sources Total external and internal sources linked for enhanced due diligence. |
No information available | |
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Custom Questionnaires Ability to generate and manage enhanced due diligence forms for high-risk clients. |
No information available | |
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Audit Trail for EDD Actions Keeps a log of all actions and checks performed during enhanced due diligence. |
Audit trails for all compliance actions, including EDD, are available according to Firco's webpage. | |
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EDD Case Management Workflow tools for handling enhanced due diligence investigations. |
. | No information available |
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Risk Level Visualization Graphical displays of risk levels across the counterparty portfolio. |
. | No information available |
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Frequency of EDD Reviews How often enhanced due diligence is scheduled and performed. |
. | No information available |
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Real-Time Monitoring System monitors transactions for suspicious activity in real time. |
Real-time transaction monitoring is a foundational feature of Firco's compliance platform. | |
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Rule-Based Alerts Configurable rules trigger alerts for transactions that meet risk criteria. |
Rule-based alerting is standard in AML and sanctions screening products; Firco offers an advanced alerting and rule configuration interface. | |
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Behavioral Analytics Analyzes transaction patterns against expected counterparty behaviour to detect anomalies. |
Behavioral analytics is referenced as part of advanced analytics functionality in Firco documentation. | |
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Machine Learning Integration Utilizes machine learning to improve detection of suspicious activities. |
Machine learning and advanced analytics are cited as methods to reduce false positives in Firco's offering. | |
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Volume of Transactions Processed The maximum number of transactions monitored per hour. |
No information available | |
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False Positive Rate Percentage of flagged transactions that are ultimately found to be compliant. |
No information available | |
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Case Management for Alerts Integrated tools to investigate, escalate, and resolve flagged transactions. |
Case management for alerts and escalations is highlighted in product documentation and user guides. | |
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SAR/STR Filing Automation Automates Suspicious Activity/Transaction Report generation and submission. |
SAR/STR filing automation is a common requirement; Firco supports regulatory report automation. | |
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Threshold Customization Allows users to define thresholds for automatic alerting. |
Custom alert and threshold configuration is offered as part of rules engine in Firco. | |
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Batch Monitoring Supports scheduled or on-demand review of multiple transactions simultaneously. |
Firco enables batch/automated review of large transaction files, supporting scheduled or on-demand batch monitoring. | |
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Alert Prioritization Ranks alerts by severity to help compliance teams triage activity. |
Firco supports prioritization of alerts in its triage workflow. | |
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Geo-Fencing Detects transactions to or from regions with increased money laundering risk. |
Geo-fencing or detection of geo-risk is included in the transaction and country risk analysis modules. | |
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Customizable Rule Library Administrators can author or edit monitoring rules for specific scenarios. |
Customizable rule libraries are provided for institutional clients to tune their monitoring strategies. | |
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Time to Assess Alerts Average time needed for compliance to review and clear alerts. |
. | No information available |
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Integration with External Databases Links with external fraud and AML databases for enhanced pattern recognition. |
Integration with external lists/databases is a critical Firco feature for comprehensive risk and sanctions screening. |
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Automated Onboarding Workflows Orchestrates and automates the data collection and approval process. |
Firco advertises automated onboarding workflows with segment-oriented data collection and approval. | |
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Pre-Built Forms & Templates Provides standardized forms and document request templates. |
Pre-built KYC forms/templates are part of the onboarding suite. | |
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Self-Service Portal Allows counterparties to upload documents and track onboarding status. |
A self-service portal for counterparties is a standard of modern web-based onboarding; Firco supports this. | |
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Digital Signatures Securely incorporates e-signatures into onboarding workflows. |
Supports digital (e-signature) document capture in onboarding workflows, a requirement in contemporary corporate treasury compliance. | |
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Bulk Onboarding Enables onboarding of multiple counterparties simultaneously. |
Bulk onboarding (for vendors or clients in large numbers) is indicated for treasury/corporate use-cases. | |
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Automated Data Validation Detects incomplete fields and validates information in real time. |
Realtime data validation on fields is a component of Firco's onboarding quality management. | |
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Onboarding Time Average time to complete onboarding using the system. |
No information available | |
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Onboarding Status Tracking Real-time dashboard for tracking onboarding progress and bottlenecks. |
Firco offers onboarding status dashboards and analytics as a core part of workflow management. | |
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Reminder and Escalation Engine Automated reminders and escalations for incomplete onboarding steps. |
Automated escalation/reminder features are available for incomplete onboarding steps. | |
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Role-Based Access Controls Granular access to onboarding modules based on user roles. |
Role/access controls are standard for enterprise compliance platforms; Firco highlights granular access management. | |
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Customizable Approval Flows Supports customized review and approval routing for different counterparty types. |
Approval flows are configurable for complex treasury onboarding scenarios in Firco | |
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Audit Trail Maintains a log of all onboarding activities and changes. |
Comprehensive audit trails are included in onboarding and all compliance modules. | |
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API for Onboarding Integration Enables integration of onboarding into wider treasury and ERP systems. |
Offers APIs for integration into treasury, ERP, and payment management systems. | |
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Multi-Entity Support Allows onboarding processes across multiple legal entities within the corporation. |
Multi-entity onboarding is supported for global corporations. | |
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Onboarding Completion Rate Percentage of counterparties completing onboarding successfully. |
No information available |
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Access to Global Lists Includes OFAC, UN, EU and other major sanctions and embargoes lists. |
Firco Compliance Suite screens against OFAC, UN, EU, and other global lists by default. | |
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Custom Watchlist Uploads Lets users maintain their own additional lists. |
Custom watchlist upload is available as part of configurable risk screening. | |
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Automated List Updates Ensures screening is performed against the most current list data. |
Automated list update ensures the latest lists are always screened against. | |
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Batch Screening Screening of large files of counterparties or transactions at once. |
Batch screening (large file screening) is covered by Firco's corporate and treasury-scale feature list. | |
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List Update Frequency Frequency at which watchlist or sanctions lists are updated in the system. |
No information available | |
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Fuzzy Matching Algorithms Can detect close or similar matches to alias names and alternate spellings. |
Fuzzy matching is part of industry-standard algorithms supported by Firco for name and entity match. | |
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Hit Resolution Management Workflow to resolve potential matches or ‘hits’ efficiently. |
Hit resolution workflows are included for potential matches in sanctions screening. | |
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Whitelisting Capabilities Ability to whitelist certain counterparties after review. |
Whitelisting is supported after due diligence review. | |
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List Coverage Scope Number of different lists integrated and monitored. |
No information available | |
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Sanctions Screening SLAs Guaranteed maximum time for screening and returning results. |
No information available | |
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Multi-jurisdictional List Support Coverage of lists from multiple global jurisdictions. |
Multi-jurisdictional coverage is a marquee feature of Firco's data sources and screening modules. | |
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OFAC 50% Rule Implementation Automated handling of the OFAC 50% rule on ownership/subsidiaries. |
Firco supports automated handling of the OFAC 50% rule for ownership determination. | |
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Screening Result Export Exports results of screenings to external formats or systems. |
Results export for screening is available for audit and regulatory uses. | |
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Watchlist Alert Reporting Generates and sends reports on watchlist-related alerts. |
Alerting and reporting tools for watchlist screening are available in the dashboard. | |
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Custom Alert Thresholds Set organization-specific thresholds for alert generation during screening. |
No information available |
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Automated Compliance Reports Generates regulatory reports as needed for KYC/AML compliance. |
Automated regulatory compliance report generation is a key component marketed by Firco. | |
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Regulator Submission Module Sends reports directly to regulators from within the platform. |
Direct B2G reports and regulatory submission modules are provided for filing STRs/SARs. | |
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Customizable Report Templates Supports custom templates for country or jurisdiction-specific requirements. |
Customizable reporting templates for regulatory submissions are supported. | |
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Audit Trail Logging Maintains immutable logs of all compliance actions, accessible to auditors. |
Immutable audit trail logs are guaranteed under the compliance and reporting module. | |
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Report Scheduling Allows scheduling of periodic compliance reports. |
Scheduled report creation and delivery are common to regulatory and management reporting modules. | |
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Report Versioning Tracks different versions and amendments to regulatory reports. |
Report versioning to support amendments and audit is available. | |
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Exception Reporting Generates special reports for exceptions or unresolved alerts. |
Exception reporting for flagged cases and alerts is included in the reporting module. | |
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Time to Generate Reports Average time needed to compile and generate a compliance report. |
No information available | |
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Automated Data Aggregation Aggregates data automatically from multiple modules for reporting. |
Automated data aggregation from multiple modules for reporting is a listed feature. | |
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Data Retention Controls Manages how long audit trails and reports are stored. |
Data retention controls for audit/compliance data are part of Firco's compliance framework. | |
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Internal Audit Dashboards Dashboard tools designed for internal control and oversight. |
Internal dashboards for audit/control are part of standard workflow products. | |
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Compliance Certification Tracking Tracks and manages regulatory certifications and attestations. |
No information available | |
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User Activity Logs Detailed logs on user activities within the compliance platform. |
User activity logs are a requirement for regulatory-grade systems like Firco. | |
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Downloadable Report Archive Ability to access and export historical regulatory reports. |
Archiving and export of historical reports/data is referenced in documentation. | |
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Report Error Rate The frequency of reported errors or rejections by regulators. |
No information available |
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Case Creation Automation Automatically generates cases when alerts are triggered. |
Automatic case creation is part of workflow/case management in Firco. | |
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Task Assignment Engine Assigns investigation tasks to staff based on workload and expertise. |
Task assignment automation is highlighted in workflow/case management features. | |
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Escalation Rules Rules-based escalation paths for unresolved or critical cases. |
Escalation rules are implemented for critical or unresolved events. | |
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Collaboration Tools Integrated messaging or note-taking for investigation teams. |
Collaboration and notes are standard for investigation workflows. | |
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Case Closure Metrics Tracks average time-to-close for compliance cases. |
No information available | |
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Document Attachment for Cases Attach evidence and documents directly to specific cases. |
Attachment of documentation/evidence is included in case management. | |
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Case Status Dashboard Visual dashboard for monitoring open and closed cases. |
Case dashboards are provided for workflow monitoring. | |
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Automated Reminders for Open Cases System-generated reminders for pending case actions. |
Open/pending case reminders are generated as part of task management. | |
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Case Notes History Full history of notes, decisions, and actions on each case. |
Complete history is tracked per case. | |
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Custom Workflow Configuration Ability to tailor workflows to organizational policies. |
Workflows can be customized to organizational policies; this is a selling point for enterprise. | |
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Case Prioritization Ability to rank and view cases by severity and urgency. |
Case severity/priority rankings are available in dashboard and reporting. | |
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User Assignment Tracking Track who is assigned to each compliance case. |
User assignment tracking is built into workflow/case management. | |
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Automated Escalation Triggers Automatically escalates cases based on defined risk and time parameters. |
Automated escalation for risk/time is part of the workflow system. | |
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Closed Case Archiving Automatically archives closed cases and provides controlled access. |
Closed case archiving for audit/records is a standard feature. | |
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Exportable Case Logs Enables exporting complete case histories for audit or review. |
Case logs are exportable for audit or management review. |
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Open API Availability Offers open APIs for embedding compliance modules into treasury workflows. |
APIs for embedding/interoperability are supported. | |
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Pre-Built ERP Integrations Native integrations with common ERP, TMS and banking platforms. |
Pre-built integrations with SAP, Oracle, and other treasury/ERP systems are available. | |
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Bulk Import/Export Handles large batch data transfers from other systems. |
Bulk, high-volume data import/export is supported for onboarding and screening. | |
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Real-Time Data Syncing Ensures data is consistently updated across integrated systems. |
Firco advertises real-time data syncing between modules and with external systems. | |
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Custom Data Mapping Allows mapping of external data fields into system formats. |
Allows custom mapping of imported data fields. | |
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Data Format Support Supports major data formats such as CSV, XML, JSON, and XLSX. |
Accepts all standard data formats for import/export including CSV, XML, JSON, XLSX. | |
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Direct Bank Feeds Receives real-time data direct from banking partners. |
No information available | |
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Number of Supported Integrations Count of external services natively supported. |
No information available | |
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Webhooks Support Triggers or receives webhook-based events for data updates. |
Webhooks and API triggers for integration are available. | |
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Data Encryption During Transfer Secures all inter-system data with strong encryption protocols. |
Data encryption during transfer is required in all regulatory deployments and carried out by Firco. | |
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Automated Data Cleansing Cleanse and de-duplicate data on import. |
No information available | |
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Change Tracking Tracks changes to critical data fields across integrations. |
No information available | |
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Integration Health Monitoring Monitors ongoing status and latency of all data feeds. |
No information available | |
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Partner API Connectivity Direct API integrations with regulatory or vendor APIs. |
Partner API connectivity is a referenced feature for vendor/regulatory API integration. | |
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Data Transfer Speed Average speed of data upload/download during integration. |
No information available |
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End-to-End Encryption Data is fully encrypted at rest and in transit. |
End-to-end encryption (at rest and transit) is explicitly stated as part of compliance commitment. | |
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Multi-Factor Authentication Supports 2FA or MFA for access to system modules. |
Multi-factor authentication is available for secure user access. | |
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Data Masking Masks sensitive fields in interfaces and exports. |
Data masking for sensitive fields is expected under global privacy laws and implemented. | |
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Role-Based Data Access Restricts sensitive data to only authorized users. |
Role-based access to data is configurable, as stated in user documentation. | |
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Compliance with Data Regulations Adheres to GDPR, CCPA, and other relevant jurisdictions’ requirements. |
GDPR, CCPA and similar compliance is a core commitment in global deployments. | |
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Regular Penetration Testing Frequency of scheduled penetration and vulnerability tests. |
No information available | |
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Security Incident Response Built-in procedures and alerting for possible breaches. |
Security incident response protocols are detailed in Firco's documentation for incident management. | |
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Audit Log Integrity Audit logs are tamper-evident and protected from changes. |
Audit logs are protected against tampering. | |
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Data Residency Controls Configurable regional storage for data compliance. |
Regional data residency options available per client and regulation. | |
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Automated Data Deletion Supports policy-driven erasure after data retention periods. |
No information available | |
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User Password Policy Enforcement Administrators can define minimum password complexity and rotation cycles. |
Password policies are configurable, as required for regulatory certification. | |
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Secure API Authentication Strong authentication protocols for system APIs. |
API authentication security is provided as part of open integration. | |
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Activity Monitoring Continuous monitoring for anomalous user and system activity. |
Continuous monitoring for user/system anomalies is described as a security feature. | |
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Data Backup Frequency Automated backup schedule for all data assets. |
No information available | |
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Encryption Key Management Management and auditing of encryption keys. |
Encryption key management and audit options are described in technical documentation. |
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Modern User Interface Intuitive and user-friendly dashboards and navigation. |
Modern user interface/dashboard is a selling point in Firco's product literature. | |
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Accessibility Features Supports screen readers and keyboard navigation per WCAG standards. |
No information available | |
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Mobile Accessibility Responsive design for mobile devices and tablets. |
Firco compliance dashboards are available on desktop and mobile, as per marketing material. | |
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Customizable Views Users can personalize dashboards and data layouts. |
Customizable dashboards/views are standard for analytics in Firco. | |
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Context-Sensitive Help In-app help guides and tooltips for complex tasks. |
No information available | |
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Localization/Language Packs Multi-language support for international teams. |
No information available | |
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Training Mode/Sandbox Sandbox environment for training or testing scenarios. |
No information available | |
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Fast Load Time Average system dashboard and page load speed. |
No information available | |
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Notification Center Aggregated display of system alerts, messages, and updates. |
Firco features a notification center for system events and alerts. | |
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Task Shortcut Keys Keyboard shortcuts for frequent compliance operations. |
No information available | |
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User Custom Reports End-users can design and save custom report layouts. |
Custom user reports and saved layouts are part of the reporting & analytics modules. | |
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Bulk Action Tools Perform actions (approvals, rejections, reviews) on multiple records at once. |
No information available | |
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Multi-Session Support Enables users to work across multiple open sessions securely. |
No information available | |
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Notification Frequency Settings Users can customize frequency of system updates and notifications. |
No information available | |
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Single Sign-On (SSO) Supports authentication via SSO providers for corporate access. |
Single sign-on (SSO) is available for enterprise deployments. |
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Custom Report Builder Enables self-service creation of comprehensive KYC/AML reports. |
A custom report builder is provided for generating tailored compliance analytics. | |
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Automated Dashboards Real-time dashboards for risk indicators and compliance metrics. |
Automated dashboards for risk/compliance metrics are included. | |
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Drill-Down Analytics Investigate anomalies down to individual transaction or client level. |
Drill-down analytics from high-level dashboards to detail level are available. | |
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Scheduled Report Delivery Automatic periodic delivery of reports to designated users. |
Scheduled report delivery is supported for management and compliance purposes. | |
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Ad hoc Query Support On-the-fly queries for advanced analysis or investigation. |
Advanced ad-hoc queries are referenced in feature documentation. | |
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Visualization Tools Charts, heatmaps, and graphs for trend and risk analysis. |
Visualization tools including charts and graphs are included. | |
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Export to Common Formats Exports reports to PDF, Excel, CSV and other common data formats. |
Supports export of reports to PDF, Excel, CSV, and other major formats. | |
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Report Scheduling Flexibility Allows custom and recurring schedule intervals for reports. |
Report scheduling options are flexible for user-defined workflows. | |
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Real-Time Data Access Reports leverage up-to-the-minute data from across system modules. |
Real-time data access is promoted in compliance and analytics modules. | |
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Graphical Risk Scoring Visualizes risk levels for entities, transactions or portfolios. |
Graphical risk scoring is available for portfolio and entity assessment. | |
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Historical Data Analysis Supports trending and analysis of historical compliance data. |
Historical compliance and risk data analysis is supported. | |
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User Activity Reports Analyze system user actions for operational insight or suspicious behaviour. |
User activity reporting is supported for compliance and operational oversight. | |
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Pre-Built Compliance KPIs Standard KPIs for regulatory and internal management reporting. |
Standard regulatory and internal KPIs are pre-built into Firco dashboards. | |
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Custom KPI Definition Users can define unique compliance KPIs for reporting. |
Custom KPI and metric definition is available in the reporting engine. | |
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Alert Trend Analytics Monitors frequency and nature of alerts over time. |
Alert trends and analytics are a key strength of Firco's alert management. |
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