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Firco Compliance Link from Accuity (part of LSEG)
An end-to-end sanctions screening and compliance solution that streamlines screening processes across multiple sanctions, PEP, and enhanced due diligence lists. Features include configurable screening rules, workflow automation, and audit trails for regulatory compliance.
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Product analysis by function
Sanctions Screening Software for Treasury Compliance
Applications that check payment beneficiaries and financial counterparties against global sanctions lists to ensure compliance with international regulations.
More Sanctions Screening Software
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Sanctions List Coverage
(8 Yes /8 Known /10 Possible features)
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Global List Support Supports major international sanctions lists like OFAC, EU, UN, HMT, and others. |
Firco Compliance Link supports screening against OFAC, EU, UN, HMT, and global lists by design. Vendor documentation confirms major international list support. | |
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Custom List Upload Allows organizations to upload and screen against their own internal or third-party lists. |
Firco enables upload of internal/third-party lists through custom list management, as mentioned in solution overview. | |
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List Update Frequency Frequency at which sanctions lists are refreshed and updated. |
No information available | |
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Watchlist Expansion Ability to expand coverage to PEP, adverse media, and other watchlists. |
Supports PEP, adverse media, and expanded coverage as stated in product capabilities overview. | |
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Historical List Archiving Retains and allows screening against historical versions of sanction lists. |
Audit and historical screening trails are listed as a feature, suggesting historical list archiving is present for regulatory traceability. | |
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Automated List Synchronization Automatically pulls updates from official sources without manual intervention. |
Automated list synchronization is referenced in product literature as a key compliance and operational efficiency. | |
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List Version Tracking Ability to track and report the version of lists used for each screening. |
Ability to prove and log which list version was used per screening is referenced as part of audit compliance. | |
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Geographical Coverage Number of countries’ sanctions lists supported. |
No information available | |
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Language Support for Lists Supports lists in multiple languages for global compliance. |
Product supports lists and user experience in multiple languages for global deployments. | |
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API-Accessible Watchlist Management APIs available for automated management and querying of watchlists. |
API-enabled watchlist management described in developer materials; APIs for integration are available. |
Screening Capabilities
(9 Yes /9 Known /10 Possible features)
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Real-Time Screening Screens payments and counterparties instantly as transactions occur. |
Real-time/instant screening is a core product commitment highlighted by vendor. | |
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Batch Screening Supports bulk screening of large numbers of transactions or counterparties. |
Batch/bulk screening supported for files and large populations. | |
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Name Matching Algorithm Quality Uses fuzzy logic, phonetic matching, and other methods to minimize false negatives/positives. |
Advanced algorithms, including fuzzy logic and phonetic match, highlighted in technical documentation; reduces false positives/negatives. | |
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Screening Speed The average time taken to screen a transaction or party. |
No information available | |
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Unicode and Diacritic Support Handles names with various alphabets and non-Latin characters. |
Unicode/multilingual support cited for non-Latin and diacritic compliance. | |
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Alias & AKAs Detection Identifies matches to aliases and also-known-as (AKA) entries. |
Alias and AKA matching is standard for robust entity resolution. | |
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Multi-Field Screening Screening uses multiple data fields (name, address, date of birth, account number, etc.). |
Multi-field screening (name, address, DOB, etc.) is key functionality described in all solution briefs. | |
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Tolerance Configuration Adjustable thresholds for matching sensitivity. |
Configurable match tolerance provided as an admin control to balance false positive/negative tolerance. | |
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Partial Match Detection Detects partial matches for name permutations. |
Partial match or permutation detection supported per product claims and customer reviews. | |
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AI/ML-Driven Screening Incorporates artificial intelligence/machine learning to improve screening accuracy. |
Recent enhancements apply AI/ML to improve accuracy and diminish alert fatigue (ref: product release notes 2023+). |
Integration & Connectivity
(8 Yes /8 Known /10 Possible features)
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API Integration Supports integration with ERP/TMS/other fintech systems through APIs. |
Extensive API integration for ERP, TMS, and fintech platforms is available per documentation and integration guides. | |
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Real-Time Data Sync Keeps entity/master data aligned with source systems in real time. |
Real-time sync/integration is promoted for up-to-date entity data. | |
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File-Based Integration Supports secure file exchange (e.g., SFTP) for batch processes. |
Supports SFTP/secure file exchange for batch processes in enterprise deployments. | |
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Plug-ins for Treasury Management Systems Direct connectors for commonly used TMS solutions. |
No information available | |
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Event-Driven Triggers Supports screening initiated by workflow/business events. |
Can trigger screening based on workflows/business events as described in workflow automation sections. | |
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Cloud Deployment Option Available as SaaS/cloud solution for remote/global access. |
Cloud/SaaS deployment available as a leading offering. | |
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On-Premises Deployment Option Available for on-site hosting to support data sovereignty or policy preferences. |
On-prem deployment is supported for customers with data residency needs, per datasheet and LSEG support. | |
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Support for Webhooks Can send notifications or data pushes on screening events. |
No information available | |
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Enterprise SSO Support Allows single sign-on authentication with corporate credentials. |
Enterprise SSO (incl. SAML) is supported for secure, compliant authentication. | |
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Mobile Access Allows users to manage and review matches from mobile devices. |
Mobile browser support mentioned in documentation for reviewing/approving matches; dedicated apps unclear. |
Compliance Management & Workflow
(10 Yes /10 Known /10 Possible features)
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Case Management Comprehensive management of hits, investigations, and resolutions. |
Fully featured case management for alert tracking and disposition. | |
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Alert Prioritization Automated risk scoring and prioritization of alerts. |
Alert risk scoring/prioritization is embedded within case workflow. | |
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Bulk Case Processing Approve, reject, or escalate multiple alerts at once. |
Bulk case action (approve/reject/escalate) available in UI workflows. | |
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Audit Trail Detailed records of all actions taken and user interactions. |
Comprehensive audit trails, actions, enrichment, and review logs implemented for regulatory adherence. | |
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Evidence Attachment Attach supporting documents directly to screening cases. |
Attachment support for evidence in investigations is in workflow documentation. | |
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Case Escalation Workflow Automated escalation rules for high-priority or unresolved cases. |
Case escalation automation is configurable for high-risk/unresolved alerts. | |
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Decision Justification Capture Ability to record the compliance officer’s reasoning for each action. |
Decision justification/comment capture required as part of compliance best practices. | |
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Task Assignment and Collaboration Assign cases and collaborate between team members. |
Task/case assignment and team collaboration is facilitated in the platform. | |
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Automated False Positive Suppression Identifies and suppresses recurring known false positives. |
False positive suppression methods (including negative lists/whitelisting) available. | |
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Workflow Customization Configurable workflows to match corporate policy or regulatory requirements. |
Workflow steps, fields, approval routes are configurable for regulatory alignment. |
Reporting & Analytics
(5 Yes /5 Known /10 Possible features)
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Regulatory Reports Built-in reports tailored for external regulatory submission. |
Out-of-the-box and custom regulatory report templates included. | |
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Custom Report Builder Create custom analytical or operational reports. |
Users can define custom-built reports on operational and compliance metrics. | |
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Hit Rate Statistics Monitors the proportion of screened entities or transactions generating alerts. |
No information available | |
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Alert Processing Times Tracks the time taken from alert creation to resolution. |
No information available | |
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Export Functionality Export data and reports to Excel, PDF, CSV, etc. |
Exports supported for Excel/CSV/PDF per product documentation. | |
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Regulatory Change Impact Analytics Assesses potential impact of watchlist or regulation updates. |
No information available | |
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Audit Log Exports Downloadable logs for external/internal auditing. |
No information available | |
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KPI Dashboards Key compliance indicators visualized in dashboards. |
Compliance dashboards/KPIs are highlighted in the UI and reporting modules. | |
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User Activity Reporting Detailed tracking and reporting on user actions. |
User activity/audit reporting is standard for regulatory compliance. | |
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Automated Scheduled Reports Ability to schedule and automatically distribute reports. |
No information available |
User Experience & Accessibility
(8 Yes /8 Known /10 Possible features)
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Intuitive User Interface Modern and user-friendly web interface. |
Modern and straightforward user interface praised in market reviews. | |
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Multi-Language Support User interfaces available in multiple languages. |
Multiple UI language options cited for multinational organizations. | |
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Role-Based Access Controls User permissions governed by roles and responsibilities. |
Role and permission controls central to security and operations, configurable at group/user level. | |
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Accessibility Standards Compliance Meets accessibility standards (e.g., WCAG). |
No information available | |
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Personalized Dashboards Customizable dashboards based on user or role. |
Dashboards and home screens are configurable based on user or department. | |
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Contextual Help and Support Tools On-screen help, tooltips, and tutorials. |
Help, tips, and inline support provided throughout the UI. | |
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Keyboard Shortcuts Efficiency features such as keyboard navigation. |
No information available | |
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User Preference Settings Save and recall user preferences for interface and workflows. |
Users can set preferences for certain UI/UX elements. | |
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Mobile Responsiveness UI designed for usability on mobile and tablet devices. |
UI adapts to mobile/tablet as stated in responsive design notes. | |
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Bulk Actions on UI Ability to process multiple alerts or cases from the user interface. |
Bulk actions selectable in interface for operational efficiency. |
Security & Data Protection
(10 Yes /10 Known /10 Possible features)
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End-to-End Encryption Data is encrypted during transfer and at rest. |
End-to-end encryption described for data at rest and in transit. | |
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Multi-Factor Authentication Strong authentication options for system access. |
MFA/2FA is a recommended security feature in current product documentation. | |
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Data Masking Sensitive fields can be masked from non-authorized users. |
Sensitive field masking/features for data privacy are supported. | |
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Granular Access Controls Fine-grained permissions to restrict data and function access. |
Granular access permissions supported throughout product configuration. | |
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Audit Logging Records and retains all user activities for review and investigation. |
Activity and audit logging is comprehensive for compliance. | |
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GDPR/CCPA Compliance Support Helps organization comply with data protection regulations. |
GDPR and CCPA support referenced in privacy and compliance documentation. | |
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Data Retention Policies Configurable settings to define retention and purging of data. |
Data retention periods/configurability is available as a compliance option. | |
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Vulnerability Management Regular security testing and patch management. |
Vendor performs regular vulnerability scanning/patching as stated in LSEG SaaS policy. | |
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Secure APIs All integrations use secure, authenticated API protocols. |
All API integrations are secured via authenticated protocols. | |
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Incident Response Support Features to assist with detecting and managing security breaches. |
Incident response procedures outlined for enterprise deployments and SaaS operations. |
Scalability & Performance
(7 Yes /7 Known /10 Possible features)
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Concurrent User Support Maximum number of users supported at the same time. |
No information available | |
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Transaction Processing Capacity Number of transactions that can be processed per hour. |
No information available | |
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Response Time SLA Service level agreement for maximum allowed response times. |
No information available | |
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Dynamic Resource Allocation System can auto-scale resources based on demand. |
System scales IT resources as needed in the SaaS/cloud version. | |
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High Availability Architecture Designed for minimal downtime disruptions. |
High availability is a key offering for compliance and operational continuity. | |
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Load Balancing Distributes screening workloads across multiple servers/nodes. |
Load balancing is referenced for both cloud and on-premise deployments. | |
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Geographically Redundant Hosting Options for hosting in multiple global data centers. |
Geographically redundant hosting is available in LSEG’s SaaS offering. | |
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Disaster Recovery Capabilities Automated failover and data recovery features. |
Disaster recovery and data resilience addressed in product security whitepapers. | |
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Elastic Licensing License model supports easy scaling up/down. |
Licensing is available in scalable and modular formats, supporting flexible growth. | |
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Zero Downtime Upgrades Software updates do not require service interruptions. |
Zero downtime upgrades available for cloud-hosted solution. |
Regulatory Compliance & Audit
(10 Yes /10 Known /10 Possible features)
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Audit Readiness Built-in capabilities for supporting internal and external audits. |
Everything needed for audit readiness is included in documentation and customer presentations. | |
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Regulatory Certification/Assurance Compliance with industry standards (e.g., ISO 27001, SOC 2). |
Product and vendor regularly certify to standards such as ISO 27001, SOC 2. | |
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Configurable Retention Policy Set, control, and audit retention of records as required. |
Record retention and configuration are supported, per compliance needs. | |
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Evidence Preservation Ensures all steps, investigations, and outcomes are preserved for audits. |
All evidentiary steps and outcomes are retained for review and audit. | |
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Automated Compliance Checks Regular checks and diagnostics to ensure ongoing compliance. |
Automated compliance checks and diagnostics are part of maintenance routines. | |
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Change Management Logging Documents and stores all system configuration changes. |
Change management and configuration logging confirmed by technical guides. | |
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Regulatory Change Notifications Proactive warnings on changes in regulatory watchlists or standards. |
Product proactively delivers regulatory change and watchlist update notifications to customers. | |
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Support for Regulatory Inquiries Tools to facilitate responses to regulatory agency queries. |
Tools for responding effectively to regulatory inquiries cited in support use cases. | |
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Legal Hold Functionality Ability to prevent data deletion due to impending investigations. |
Legal hold functionality described for data preservation during investigations. | |
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Policy & Procedure Documentation Storage Store and manage related compliance documentation. |
Supports storage/management of compliance and policy/procedure documents. |
Support, Maintenance & Vendor Services
(9 Yes /9 Known /10 Possible features)
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24/7 Technical Support Access to around-the-clock technical help. |
24/7 technical support included for enterprise clients and mission-critical operations. | |
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Dedicated Account Manager Named representative for customer relationship management. |
Dedicated account management offered by LSEG/Accuity for key customer relationships. | |
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User Training & Onboarding Systematic onboarding and periodic product training. |
Training and onboarding are standard for customer rollouts; referenced in customer onboarding docs. | |
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Comprehensive Documentation User guides, technical specs, FAQs, and release notes. |
Comprehensive product documentation available for all users. | |
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Regular Feature Updates Frequent enhancement and patch cycles. |
Regular updates/releases are detailed in LSEG product lifecycle materials. | |
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Community/User Forum Online community and peer support. |
No information available | |
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Implementation Support Assistance with software deployment and integration. |
Implementation assistance and professional services are included or available. | |
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Custom Feature Requests Process for requesting bespoke enhancements. |
Process for requesting custom development/customer enhancement requests is managed. | |
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Multilingual Support Support offered in multiple languages. |
Multilingual customer support and knowledge base are offered. | |
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Service Level Agreements (SLAs) Clear commitments for service performance and bug fixes. |
SLAs and uptime/service commitments are defined contractually. |
Cost & Licensing Flexibility
(9 Yes /9 Known /10 Possible features)
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Transparent Pricing Model Clear, predictable pricing structure with no hidden fees. |
Transparent, predictable pricing is published for enterprise/SaaS customers. | |
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Pay-As-You-Go Option Flexible usage-based pricing. |
Usage-based (pay-as-you-go) and volume licensing options available. | |
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Enterprise Licensing Option Flat-rate or unlimited use licenses for large organizations. |
Enterprise/unlimited licensing available for multinational or large volume users. | |
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Modular Pricing Ability to license just the features required. |
Feature- and module-based pricing enabled for custom requirements. | |
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Free Trial/Proof of Concept Test the software before fully committing. |
Free trial or pilot proof-of-concept access available per sales process. | |
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Discounts for Volume or Multi-Year Commitments Reduced pricing for bulk or long-term engagements. |
Discounts for large volumes/multi-year contracts discussed in the procurement process. | |
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Cloud/SaaS Subscription Model OPEX-friendly, as-a-service deployment. |
SaaS/subscription model enabled as primary offering. | |
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On-Premise Perpetual Licensing Traditional software license model supported. |
Perpetual on-premises licensing also available for select clients. | |
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No Upfront Integration Costs Low or zero initial costs for configuration and setup. |
No information available | |
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Scalable Cost Structure Total cost aligns with actual usage/growth. |
Pricing and licensing scale flexibly with usage and business growth. |
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