LONDON, October 21 /PRNewswire/ -- World-Check, the leading global provider of risk intelligence, and eSum Technologies Inc, a leading e-business solutions provider in South Korea, have announced a strategic alliance that will offer a seamless solution for customer and identity authentication screening against the World-Check risk intelligence database.
eSum Technologies Inc. will market, implement, and support the integration of the World-Check database locally to deliver an effortless screening process for financial and non-financial institutions seeking to enhance their existing Know Your Customer (KYC), Customer Due Diligence (CDD) and Politically Exposed Persons (PEPs) verification processes.
This partnership reflects our corporate strategy of aligning with companies that are best-of-breed in their fields said Daniel Peak, Chief Executive Officer of World-Check.
We are delighted to partner with World-Check to offer a powerful intelligence solution to assist clients in mitigating reputational and financial risk, said Hwa-Seop Kwak, Chief Executive Officer and President, eSum Technologies Inc.
World-Check provides its global database of heightened-risk individuals and businesses to more than 3000 institutions in 162 countries, including 47 of the world's 50 largest banks and hundreds of government agencies. World-Check's database of known money launderers, fraudsters, terrorists, narcotics traffickers, shell banks and sanctioned entities is unparalleled in its depth, reliability and coverage. The risk-relevance of its Politically Exposed Person (PEP) coverage is also unsurpassed. World-Check's database is relied upon by institutions to enhance their Anti Money Laundering (AML) and Know Your Customer (KYC) screening, Enhanced Due Diligence (EDD), fraud prevention and Counter Terrorist Financing (CFT) systems by efficiently screening customers, associates, transactions and employees for potential risk. World-Check's intelligence also finds direct application in PEP risk screening processes. World-Check offers a downloadable data file for the automated screening of unlimited records, as well as a simple online service for instant entity screening. For more information please visit http://www.world-check.com
ABOUT ESUM TECHNOLOGIES INC.
Established in 1990, eSum Technologies Inc. is a leading provider of e-business integration solutions and e-business consulting services, to almost all major financial institutions in Korea, as well as Government agencies, global corporations, and overseas companies. More recently, eSum Technologies has leveraged its experience in payment technology to become one of the leading suppliers of AML and KYC solutions for Korean financial institutions, and increasingly government and non-financial organizations. For more information please visit http://www.esumtech.com
Marion Willson, E-mail: firstname.lastname@example.org, Tel: +44-(0)20-8099-7263