Investing.com
Published Apr 05, 2024 16:58
Celent focused its analysis on the capabilities of LexisNexis ® Firco™ Continuity, an enterprise software utilized by tier 1 financial institutions, as well as payment service providers globally. The product's strengths and differentiators include highly scalable real-time transaction filtering and support for private and public cloud deployment.
Celent described Firco™ Continuity as "an industry-standard sanction screening solution optimized for real-time transaction filtering" that "provides out-of-the-box integration with SWIFT to support international wire transfers."
"Firco Continuity pioneered a number of screening innovations on their way to becoming an industry leader in the critical compliance function of sanctions," said
Celent highlighted the upgrades implemented in 2023 for Firco Continuity, supporting Kubernetes-enabled cloud deployment capability. This update also boosted scalability to 40+ million transactions per day, a significant increase from the 5 million transactions per day supported by the previous version of the software.
"Firco Continuity is trusted by eight of the world's top 10 banks to help them keep pace with the growing number of sanctioned entities and remain ready for regulatory scrutiny," said
About LexisNexis Risk Solutions
LexisNexis ® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro
Media Contact:
+44 78 9091 8264
Ade.O'Connor@lexisnexisrisk.com
Written By: Investing.com
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