First Abu Dhabi Bank chooses Accuity data and technology solutions
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First Abu Dhabi Bank chooses Accuity data and technology solutions 13 March 2018Abu Dhabi Reporter: Jenna Lomax
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Accuity has been selected by First Abu Dhabi Bank (FAB) to provide integrated global sanctions screening and data.
FAB will utilise Accuity’s Fircosoft data and technology solutions to strengthen its transaction, customer and third-party screening processes.
Fircosoft’s provides resources that help control risk, increase efficiency and meet regulatory requirements.
Through Ficrosoft, FAB’s compliance screening processes will become more efficient and will meet the highest compliance standards, providing greater confidence to its many stakeholders, according to Accuity.
Hugh Jones, president and CEO of Accuity, said: “I am thrilled to announce that Accuity has been selected by First Abu Dhabi Bank. Our Fircosoft account and transaction screening platform combines an industry standard filter and developments in machine learning, together with our data that has been optimised to run on the platform. This helps our clients understand and manage their risk exposure and meet regulatory requirements.”
Arif Shaikh, group chief risk officer said: “As the largest bank in the country, and a leading bank worldwide, it is essential for us to ensure that we have robust measures in place to maintain the level of trust we have with our customers, stakeholders and the wider community.”
He added: “The Fircosoft solution from Accuity provides us with a robust platform to ensure financial crime compliance is not only managed efficiently, but that it makes FAB stronger, today and in the future.”
“We can continue to help our customers; shareholders, employees and communities grow, with added confidence that we have a best in class screening solution to support our efforts in managing financial crime compliance.”
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