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NTT Data Stella Cube selects NTT Data Getronics Oculus and Accuity for customer sanctions and politically exposed person screening

Accuity
2017-06-12 08:00 3694

SINGAPORE and TOKYO, June 12, 2017 /PRNewswire/ -- NTT Data Stella Cube has selected NTT Data Getronics' (NTTDG) Oculus and the Accuity Fircosoft solution for customer sanctions and politically exposed person (PEP) screening.

Stella Cube is a shared service centre for Japanese regional banks and has provided services based on the BeSTA banking application to its members since October 2011. The Oculus filtering solution uses the Accuity Fircosoft account screening technology which is designed for the Japanese market. The solution allows member banks of Stella Cube to detect any person subject to economic sanctions as well as Politically Exposed Persons (PEPs), both at the time of account opening and afterwards, through batch filtering for part of, or their entire database.

"We selected NTT Data Getronics and Accuity's Fircosoft solution because of the high quality of the fuzzy matching for both Kana and Latin characters, enabling significantly improved performance and more accurate detection for reduced false positives," said Ikuo Funakushi, Deputy Manager at NTT Data Corporation. "In addition, the companies' expertise and proven customer references in the Japanese market were also strong factors in the selection."

"We are very pleased to team up with NTT Data Getronics (NTTDG) to help member banks of Stella Cube minimize their performance challenges and better manage the introduction of additional lists with the adoption of Oculus. These lists include frozen accounts lists (individuals and corporate), OFAC, Ministry of Finance (MOF), JBA (individuals and corporates) and internal lists," said Florence Vicentini, Channel and Alliance Director, Accuity. 

"With our technology integrated into the NTTDG solution, member banks will be able to more effectively manage their customer screening operations with significantly improved performance and accuracy, and better risk protection."

"Prior to selecting our solution, member banks of Stella Cube were using their in-house solution for filtering operations. Now with Oculus and Accuity's Fircosoft, they can reduce performance challenges while ensuring optimal regulatory protection and risk controls," said Takahiro Murata, General Manager at NTT Data Getronics.

For more information:

Heather Smith, Accuity, heather.smith@accuity.com +44 (0)7342-069-456

Prisita Menon, Cognito, prisita.menon@cognitomedia.com +65 6221 7310

Notes to Editors

About Stella Cube

Stella Cube is a shared service centre for regional and second regional banks with NTTDATA's next-generation banking application called "BeSTA®". NTT Data has cultivated the knowledge and experience of the shared service centre for a long time, enabling STELLA CUBE to provide stable services to eight banks since October 2011.

About NTT Data Getronics

As a subsidiary of NTT DATA, the leading systems integrator in Japan providing payment and settlement infrastructures indispensable to Japanese society, NTT DATA Getronics offers a comprehensive range of business consulting, technical support, application development and systems integration services to financial institutions and corporates, making the most of proven expertise backed with partnership labels of SWIFT Regional Partner, SWIFTReady Service Provider and CLS Registered Plus.

Find out more about NTT DATA Getronics Corporation at http://www.nttdata-getronics.co.jp/en/solutions/financial/

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 optimize 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 organizational 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 Fircosoft portfolio of solutions

As illegal financial activities increase around the globe, so has the danger to the reputations of payments and compliance professionals. Fircosoft's portfolio of innovative data-enabled technology solutions, delivered through a high-touch consultative partnership, helps these professionals manage risk and avoid damage to the good names of individuals and organizations.

Fircosoft's pioneering sanctions screening and data solutions set the standard for the industry, and our trade compliance expertise is unmatched. Fircosoft's innovative software is so powerful, it's deployed by nine of the world's top ten banks -- yet it can be scaled to meet the specific needs of any organization.

Source: Accuity
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