SAFE List Management addresses a major issue for most institutions, that of list consolidation.  Currently, sanctions lists are available on various government web sites but present several unmanageable issues.  There is no well defined published schedule for updates; there is no standard format for the lists; entities are duplicated across many lists and therefore will have multiple entries; there is no standard government list for PEPs. 

SBS provides an important component for managing the various required lists that are updated by government agencies.  SBS’ editors optimize and enhance industry standard database contents for automated filtering and make available the complete file or customer defined subsets in any format (fixed length, tab delimited, XML, etc.) or for auto insertion into any standard database (DB2, Oracle, SQL Server, Sybase, etc.).

Watch-List Filtering

Through its partnership with FircoSoft, S.A., SBS is an authorized reseller for the Firco Filter Suite, advanced filtering solutions recently ranked number one for large institutions by Celent.  Modules are available for batch scanning, real-time filtering and online inquiries along with additional SBS features for list management and decision processing and reporting.

The Firco Filter Suite has a powerful Artificial Intelligence engine at its core. Features include: 

  • Advanced Name and Address matching algorithm based on “fuzzy” logic

  • Misspellings, alternate spellings, abbreviations, etc. tolerances

  • Various algorithm selections ( first name initials, ignore one word aliases, etc.)

  • Extensive fine-tuning capabilities such as exception lists to minimize false positives

  • Use with different Blocked Entity Lists from government sources, private sources and internal lists

  • Designed to be integrated on a variety of platforms via MQ Series or web server

  • Extensive reporting capabilities

  • Rules module to manage global compliance from centralized or hub environments
© 2006 Safe Banking Systems, Inc.