SINGAPORE, Jan. 19, 2017 /PRNewswire/ -- Accuity, the leading provider of financial crime compliance, payments and counterparty know-your-customer (KYC) solutions, announced that it has won the award for Best Compliance Solution in the 2016 Asian Private Banker Technology Awards with its Firco Compliance Link solution. Asian Private Banker is based exclusively in Asia, with the region's largest bureau of journalists and researchers delivering commentary solely focused on Asia's private banking, family office, and wealth management communities.
Accuity's winning solution, Firco Compliance Link, is a comprehensive one-stop solution for financial institutions' regulatory compliance screening needs. The solution helps organisations centralise and streamline their account, transaction and trade screening processes, and reduce their regulatory and reputational risks. As regulators demand increasing levels of transparency and traceability from financial institutions, the comprehensive audit trail within Firco Compliance Link can show every step in an organisation's compliance process.
Priyanka Boghani, Chairperson of the Judging Panel and Senior Reporter, Asian Private Banker, said: "Accuity was the clear winner in the heavily contested Compliance category. At a time of increasing regulatory focus around compliance frameworks, Accuity's Firco Compliance Link, helps financial institutions reduce their regulatory and reputational risks."
Sean Norris, Managing Director, Asia Pacific, Accuity, said: "Firco Compliance Link is an intelligent platform providing a stable foundation on which our clients can build their regulatory compliance and enhanced due diligence programmes. Accuity is honoured to receive this award from Asian Private Banker, which recognises our capability in the compliance space along with our commitment to continuing innovation and partnership with our clients."
Notes to editors
About Accuity
Accuity offers a suite of innovative solutions for payments and compliance professionals, from comprehensive data and software that manage risk and compliance, to flexible tools that optimise payments pathways. With deep expertise and industry-leading data-enabled solutions from the Fircosoft, Bankers Almanac and NRS brands, our portfolio delivers protection for individual and organisational reputations.
Part of RELX Group, a world-leading provider of information and analytics for professional and business customers across industries, Accuity has been delivering solutions to banks and businesses worldwide for 180 years.
About the APB Awards
The Asian Private Banker Technology Awards is a celebration of the accomplishments from the growing financial technology s sector in Asia. Vendors in the financial technology space are awarded for their foresight and ability to create innovation and efficiency at private banks.
Asian Private Banker is based exclusively in Asia, with the region's largest bureau of journalists and researchers delivering commentary solely focused on Asia's private banking, family office, and wealth management communities.
