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FircoSoft is a leading provider of watch-list filtering and financial messages repair solutions for international financial institutions.
Since its inception in 1992, FircoSoft has consistently evolved to anticipate the market needs with improved performance and quality.
Capitalizing on the company's experience with compliance-filtering, FircoSoft guarantees a low false-positive rate on unauthorized transactions. FircoSoft has more
than 200 references worldwide from local branches of banks to centralized hubs of worldwide financial organizations.
FircoSoft has strong partnerships reaching customers around the world and satisfying their individual requirements.
HP partners with FircoSoft to provide solutions that bring the high performance, scalability, reliability, and security of the HP OpenVMS operating system to data
repairing systems. The stability, processing power, and robustness of HP AlphaServer systems and Integrity servers make them ideal complements to FicroSoft's filtering
technology.
» OFAC-Agent Suite—watch-list filtering solutions
» STP Factory—financial messages repair solutions
» Supporting documents
» Company contact
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Integrity server certified
AlphaServer system ready
OFAC-Agent Suite is a watch-list filtering application that prevents executing illegal money transfers by companies, people, and vessels included in watch-lists such as
those issued by the U.S. Government Office of Foreign Assets Control (OFAC) and the European Union (E.U.). The OFAC-Agent Suite is highly accurate and
guarantees a low false-positive rate for transaction processing results. This suite is comprised of the following three applications:
- Firco Files Filter—screens large files and generates reports of potential high-risk financial customers
- Firco Messages Filter—automatically blocks messages involving listed parties
- Firco Online Filter—checks if a new customer or beneficiary is in the blocked-parties list
Effective enforcement of economic and trade sanctions against money laundering, terrorism, and international narcotics trafficking depends on reliable
round-the-clock monitoring. HP OpenVMS systems meet these needs using clustering and disaster-tolerant solutions to provide a high-availability platform to host
OFAC-Agent Suite software applications.
» More about OFAC-Agent Suite
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Integrity server certified
AlphaServer system ready
FircoSoft STP Factory is a data repairing solution designed to improve the automated processing of bank-to-bank transactions by transforming, fixing, and
completing rejected payment and securities messages. Clearing codes, account information, bank references, and broker names are examples of data elements that FircoSoft STP
Factory repairs. Poor data quality adversely affects straight-through processing (STP), which is the electronic execution of an entire transaction
without the need for manual intervention. STP is supported by services such as SWIFT, Fedwire, and CHIPS; but data defects result in poor STP rates and
in costly manual exception processing. The data repairing functionality of FircoSoft STP Factory helps achieve STP objectives quickly.
Key features:
- Adaptable—conforms to any message standard or customer-specific format, and handles all incoming and outgoing messages
- Customizable—tailors business rules based on the client's needs
- Efficient—provides information for messages that could not be repaired automatically, speeding up processing when manual repair is necessary
The international financial industry demands world-class reliability for its data repairing solutions. HP Integrity servers and AlphaServer systems achieve
industry-leading reliability with features such as advanced power and cooling technologies. Together FircoSoft STP Factory and HP OpenVMS systems comprise a data repairing
solution that meets the industry's most stringent requirements.
» More about STP Factory
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