LONDON, May 13 /PRNewswire/ --
- Leading Independent Stockbroker to Perform Sanctions and PEP Screening in Compliance with 3rd EU Directive
FinScan, a leading international provider of sanctions, PEP and heightened risk entity screening solutions, today announced WH Ireland Ltd. have chosen the FinScan hosted solution to help reduce enterprise risk and enhance its compliance with the screening requirements of the 3rd EU Directive's Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) regulations. WH Ireland will screen new and existing customers against World-Check's data file of known heightened-risk individuals and entities, which is fully integrated with the FinScan solution.
WH Ireland is one of the largest independent regional stockbroking houses in the UK and has had a presence in Manchester for over 150 years. The company now has 13 offices in the UK, including Birmingham, Bristol, Cardiff, Colwyn Bay, Leeds and London, as well as an Australian subsidiary in Perth, W.A.
WH Ireland chose FinScan over several other contenders, citing key differentiators such as ease of deployment and use, sophisticated matching technology that reduces false positives without increasing the risk of missing a real hit, and the unique ability to begin with either hosted or licensed deployment and then move from one to the other at any stage.
Our sales model allows organisations of any size and philosophy -- towards in-house or hosted solutions -- to take advantage of an efficient 'best of breed' data and screening solution that delivers unmatched screening accuracy and is flexible to their individual needs, said John Haley, FinScan Sales and Marketing Manager.
Used in thousands of projects worldwide, FinScan's robust matching engine facilitates the efficient and accurate screening of large volumes of records with very precise, user-configurable rules for flagging suspicious records. This process greatly reduces the risk associated with missing real matches (false negatives), and minimises the time and cost associated with researching false matches (false positives).
About WH Ireland Ltd.
With a history dating back to the 19th Century, WH Ireland is the one of the largest independent regional stockbrokers in the UK. The company was comprehensively restructured in 1995 and a new Manchester head office opened, with 18 members of staff.
WH Ireland is one of few stockbrokers to have a significant presence in Manchester, and has continued expanding by opening stockbroking offices all over the UK, including in London, Birmingham, Cardiff, Kilmarnock and Leeds. WH Ireland Group plc, the holding company, was admitted to AIM in 2000. WH Ireland has achieved Nominated Adviser status (2001) and has opened corporate finance offices in London, Birmingham and Bristol.
FinScan protects organisations against non-compliance with the world-class data quality and data matching capabilities that are the cornerstone of all Innovative Systems, Inc. products and services.
FinScan helps financial services organizations worldwide meet the requirements of international government regulatory agencies by providing the most advanced sanctions list and PEP compliance solutions available. FinScan offers 24/7/365 list management; licensed, hosted, or transactional screening options; and automated due diligence reports to help ensure the most effective and accurate compliance for our clients. The FinScan Web site is located at www.finscan.com.
About Innovative Systems, Inc. (ISI)
Innovative Systems is a global leader in delivering enterprise customer information solutions to organisations whose success depends on a complete and accurate understanding of their customers. ISI's solutions include the i/Lytics(R) Enterprise Data Quality Suite; i/Lytics PostLocate(TM), a CASS(TM) certified address validation and geocoding solution; Synchronos(TM), ISI's CDI and enterprise customer management solution; FinScan(TM) for sanctions and PEP list screening; and specific-purpose business support applications to reduce credit losses, identify better prospects, improve customer service, better align service channels to customer value and better execute marketing and business intelligence projects.
Since 1968, companies worldwide have relied on ISI's data quality software, systems integration, database solutions and customer data quality audits. The company has set the standard for data quality management in thousands of applications in more than 30 countries. ISI maintains headquarters in Pittsburgh, Pennsylvania, with European operations based in London. The Innovative Web site is located at www.innovativesystems.com.
i/Lytics, i/Lytics PostLocate, Synchronos and FinScan are trademarks of Innovative Systems, Inc. All other products or company names are used for identification purposes only, and may be trademarks of their respective owners.
John Haley, Sales Marketing Manager (EMEA), FinScan, +44 (0)1483-730446, firstname.lastname@example.org / Logo: http://www.newscom.com/cgi-bin/prnh/20070319/CLM213LOGO