Firco Continuity
Firco Continuity is designed to automatically block messages involving listed parties.
It accepts as input any
message structure (payment, securities, letter of credit, telex,
etc.) and determines in milliseconds if there are names,
companies, vessels, addresses or banking codes that match the
blocked-parties list selected.
Another major benefit of
FircoSoft's filter is that can be used with any list:
governmental, international, third-party lists (i.e. World
Check, TFP, Factiva, World Compliance) and even with your own
corporate list.
Main Benefits:
Accepts any message structure Lowest false-positive hits rate of the market (less than
0.5% when using the FML option)
The false-positive hits
rate (FPH rate) measures the filter performances.
1%
means that: Among 1.000 non-risky messages, Firco Continuity
will intercept 10 messages.
Our solution can be tuned-up
to obtain the best filtering performances according to your
flow characteristics.
Specific name entries
may be added to increase the filter performances
Example 1
Your country imposes an embargo on country
A. You can create en entry in your list to block all
messages involving country A.
Example 2
Your
customer: John Doe, 12 Green St, London UK
Listed
individual: Joe Doe, 12 Green St, London UK
To avoid
getting a hit for John Doe, you may create a "Good Guy"
entry for your customer.
Our algorithm manages:
foreign translations, misspellings and typing errors,
abbreviations, acronyms, first names initials, compound and
concatenated words.
Works with any list: Several lists may be merged into
one single list
Create patches to fix any mistake found
on the list. Each time the list is updated, patches are
applied to preserve any former modification. Lists are enriched with synonyms for
name, city, countryExample: Great Britain, UK, United
Kingdom, designate one country Testing tool allows you to test off-line
the quality of a new list
FML Option
Provides advanced filtering features to enhance the filter
performances.
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