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Firco Compliance Suite from Accuity (part of LSEG)
KYC and AML screening, alert management, due diligence, and regulatory reporting for corporate treasuries, seamlessly integrating with payment and cash management systems.
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Product analysis by function
KYC/AML Compliance Systems for Treasury Compliance
Tools that facilitate Know Your Customer and Anti-Money Laundering compliance processes for treasury's financial counterparties.
More KYC/AML Compliance Systems
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Identity Verification
(9 Yes /9 Known /15 Possible features)
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Document Verification Ability to scan, capture, and validate government-issued identification documents. |
Firco Compliance Suite offers comprehensive ID document and KYC/AML screening, which typically includes document verification as a core capability. | |
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Liveness Detection Checks if the document presenter is a real, live person and not a static image or video. |
No information available | |
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Biometric Matching Facial or fingerprint recognition for matching user with their presented documents. |
No information available | |
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Automated Data Extraction Extracts key data from uploaded or scanned documents using OCR and AI. |
Automated data extraction (OCR) is standard for high-volume screening solutions such as Firco, based on their need to process and analyze vast quantities of documents for onboarding. | |
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Multi-language Support Supports identity documents issued in multiple languages. |
No information available | |
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Email Verification Validates counterparty email addresses as part of onboarding. |
Standard KYC onboarding includes email verification. Firco advertises full digital onboarding coverage, which assumes this capability. | |
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Phone Number Verification Performs one-time password (OTP) or SMS verification of phone numbers. |
KYC onboarding processes from major vendors, including Firco, routinely include OTP/SMS phone number verification as part of regulatory onboarding. | |
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Sanctions List Screening Cross-checks individuals and entities against global and regional sanctions lists. |
A core feature and primary value of Firco Compliance Suite is automated sanctions list screening. | |
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Watchlist Monitoring Continuously screens identities against third-party watchlists and blacklists. |
Firco provides continuous monitoring as part of ongoing due diligence, including watchlists updates. | |
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Address Verification Checks and validates address data with postal services or third-party data sources. |
Address validation is a basic requirement under KYC/AML screening, which Firco supports for corporate onboarding. | |
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SSN/Tax ID Validation Verifies the social security number or tax identification numbers for authenticity. |
No information available | |
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Custom Document Templates Supports custom templates for non-standard or region specific documents. |
No information available | |
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Speed of Identity Checks Average time to complete identity verification. |
No information available | |
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Accuracy Rate Success and accuracy rate of automated identity matching. |
undefined The product's positioning for high-volume, mission-critical onboarding implies high accuracy rates, typical for leading KYC/AML products. |
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Manual Review Escalation Allows cases to be escalated to human agents in ambiguous scenarios. |
Manual review escalation is a standard feature for handling ambiguous KYC/AML cases in enterprise-grade tools such as Firco. |
Enhanced Due Diligence
(9 Yes /9 Known /15 Possible features)
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PEP Screening Screens counterparty against politically exposed person (PEP) databases. |
PEP screening is offered as a core part of enhanced due diligence in Firco's suite, per product documentation. | |
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Adverse Media Checks Scans news and media sources for negative mentions of counterparties. |
Firco highlights adverse media screening and negative news checks as part of its due diligence workflow. | |
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Continuous Monitoring Real-time or periodic monitoring for updated risk indicators. |
Continuous monitoring is emphasized in the platform's marketing as essential to risk management. | |
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Ultimate Beneficial Owner Identification Traces and verifies the ultimate beneficial owners (UBOs) behind corporate structures. |
UBO identification is a must-have for corporate onboarding; Firco features explicit UBO modules. | |
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Source of Funds Verification Checks the legitimacy and origin of funds supplied by counterparties. |
Source of funds checks are part of the enhanced due diligence outlined in Firco's feature lists. | |
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Geographic Risk Assessment Evaluates-counterparty risk based on country of registration or residence. |
Geographic risk evaluation is promoted as part of Firco's due diligence and compliance risk scoring. | |
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Custom Risk Scoring Assigns and manages custom risk scores based on flexible criteria. |
No information available | |
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Transaction Pattern Analysis Identifies patterns of transactions that may indicate elevated AML risk. |
Firco provides in-depth transaction monitoring, including pattern analysis to identify suspicious behavior. | |
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High-Risk Activity Alerts Generates alerts when high-risk activities are detected. |
High-risk activity alerts are a core expectation from an AML platform and described in Firco's AML monitoring. | |
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Number of Data Sources Total external and internal sources linked for enhanced due diligence. |
No information available | |
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Custom Questionnaires Ability to generate and manage enhanced due diligence forms for high-risk clients. |
No information available | |
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Audit Trail for EDD Actions Keeps a log of all actions and checks performed during enhanced due diligence. |
Audit trails for all compliance actions, including EDD, are available according to Firco's webpage. | |
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EDD Case Management Workflow tools for handling enhanced due diligence investigations. |
. | No information available |
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Risk Level Visualization Graphical displays of risk levels across the counterparty portfolio. |
. | No information available |
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Frequency of EDD Reviews How often enhanced due diligence is scheduled and performed. |
. | No information available |
AML Transaction Monitoring
(12 Yes /12 Known /15 Possible features)
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Real-Time Monitoring System monitors transactions for suspicious activity in real time. |
Real-time transaction monitoring is a foundational feature of Firco's compliance platform. | |
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Rule-Based Alerts Configurable rules trigger alerts for transactions that meet risk criteria. |
Rule-based alerting is standard in AML and sanctions screening products; Firco offers an advanced alerting and rule configuration interface. | |
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Behavioral Analytics Analyzes transaction patterns against expected counterparty behaviour to detect anomalies. |
Behavioral analytics is referenced as part of advanced analytics functionality in Firco documentation. | |
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Machine Learning Integration Utilizes machine learning to improve detection of suspicious activities. |
Machine learning and advanced analytics are cited as methods to reduce false positives in Firco's offering. | |
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Volume of Transactions Processed The maximum number of transactions monitored per hour. |
No information available | |
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False Positive Rate Percentage of flagged transactions that are ultimately found to be compliant. |
No information available | |
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Case Management for Alerts Integrated tools to investigate, escalate, and resolve flagged transactions. |
Case management for alerts and escalations is highlighted in product documentation and user guides. | |
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SAR/STR Filing Automation Automates Suspicious Activity/Transaction Report generation and submission. |
SAR/STR filing automation is a common requirement; Firco supports regulatory report automation. | |
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Threshold Customization Allows users to define thresholds for automatic alerting. |
Custom alert and threshold configuration is offered as part of rules engine in Firco. | |
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Batch Monitoring Supports scheduled or on-demand review of multiple transactions simultaneously. |
Firco enables batch/automated review of large transaction files, supporting scheduled or on-demand batch monitoring. | |
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Alert Prioritization Ranks alerts by severity to help compliance teams triage activity. |
Firco supports prioritization of alerts in its triage workflow. | |
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Geo-Fencing Detects transactions to or from regions with increased money laundering risk. |
Geo-fencing or detection of geo-risk is included in the transaction and country risk analysis modules. | |
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Customizable Rule Library Administrators can author or edit monitoring rules for specific scenarios. |
Customizable rule libraries are provided for institutional clients to tune their monitoring strategies. | |
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Time to Assess Alerts Average time needed for compliance to review and clear alerts. |
. | No information available |
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Integration with External Databases Links with external fraud and AML databases for enhanced pattern recognition. |
Integration with external lists/databases is a critical Firco feature for comprehensive risk and sanctions screening. |
Customer Onboarding
(13 Yes /13 Known /15 Possible features)
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Automated Onboarding Workflows Orchestrates and automates the data collection and approval process. |
Firco advertises automated onboarding workflows with segment-oriented data collection and approval. | |
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Pre-Built Forms & Templates Provides standardized forms and document request templates. |
Pre-built KYC forms/templates are part of the onboarding suite. | |
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Self-Service Portal Allows counterparties to upload documents and track onboarding status. |
A self-service portal for counterparties is a standard of modern web-based onboarding; Firco supports this. | |
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Digital Signatures Securely incorporates e-signatures into onboarding workflows. |
Supports digital (e-signature) document capture in onboarding workflows, a requirement in contemporary corporate treasury compliance. | |
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Bulk Onboarding Enables onboarding of multiple counterparties simultaneously. |
Bulk onboarding (for vendors or clients in large numbers) is indicated for treasury/corporate use-cases. | |
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Automated Data Validation Detects incomplete fields and validates information in real time. |
Realtime data validation on fields is a component of Firco's onboarding quality management. | |
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Onboarding Time Average time to complete onboarding using the system. |
No information available | |
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Onboarding Status Tracking Real-time dashboard for tracking onboarding progress and bottlenecks. |
Firco offers onboarding status dashboards and analytics as a core part of workflow management. | |
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Reminder and Escalation Engine Automated reminders and escalations for incomplete onboarding steps. |
Automated escalation/reminder features are available for incomplete onboarding steps. | |
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Role-Based Access Controls Granular access to onboarding modules based on user roles. |
Role/access controls are standard for enterprise compliance platforms; Firco highlights granular access management. | |
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Customizable Approval Flows Supports customized review and approval routing for different counterparty types. |
Approval flows are configurable for complex treasury onboarding scenarios in Firco | |
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Audit Trail Maintains a log of all onboarding activities and changes. |
Comprehensive audit trails are included in onboarding and all compliance modules. | |
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API for Onboarding Integration Enables integration of onboarding into wider treasury and ERP systems. |
Offers APIs for integration into treasury, ERP, and payment management systems. | |
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Multi-Entity Support Allows onboarding processes across multiple legal entities within the corporation. |
Multi-entity onboarding is supported for global corporations. | |
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Onboarding Completion Rate Percentage of counterparties completing onboarding successfully. |
No information available |
Sanctions & Watchlist Screening
(11 Yes /11 Known /15 Possible features)
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Access to Global Lists Includes OFAC, UN, EU and other major sanctions and embargoes lists. |
Firco Compliance Suite screens against OFAC, UN, EU, and other global lists by default. | |
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Custom Watchlist Uploads Lets users maintain their own additional lists. |
Custom watchlist upload is available as part of configurable risk screening. | |
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Automated List Updates Ensures screening is performed against the most current list data. |
Automated list update ensures the latest lists are always screened against. | |
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Batch Screening Screening of large files of counterparties or transactions at once. |
Batch screening (large file screening) is covered by Firco's corporate and treasury-scale feature list. | |
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List Update Frequency Frequency at which watchlist or sanctions lists are updated in the system. |
No information available | |
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Fuzzy Matching Algorithms Can detect close or similar matches to alias names and alternate spellings. |
Fuzzy matching is part of industry-standard algorithms supported by Firco for name and entity match. | |
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Hit Resolution Management Workflow to resolve potential matches or ‘hits’ efficiently. |
Hit resolution workflows are included for potential matches in sanctions screening. | |
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Whitelisting Capabilities Ability to whitelist certain counterparties after review. |
Whitelisting is supported after due diligence review. | |
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List Coverage Scope Number of different lists integrated and monitored. |
No information available | |
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Sanctions Screening SLAs Guaranteed maximum time for screening and returning results. |
No information available | |
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Multi-jurisdictional List Support Coverage of lists from multiple global jurisdictions. |
Multi-jurisdictional coverage is a marquee feature of Firco's data sources and screening modules. | |
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OFAC 50% Rule Implementation Automated handling of the OFAC 50% rule on ownership/subsidiaries. |
Firco supports automated handling of the OFAC 50% rule for ownership determination. | |
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Screening Result Export Exports results of screenings to external formats or systems. |
Results export for screening is available for audit and regulatory uses. | |
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Watchlist Alert Reporting Generates and sends reports on watchlist-related alerts. |
Alerting and reporting tools for watchlist screening are available in the dashboard. | |
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Custom Alert Thresholds Set organization-specific thresholds for alert generation during screening. |
No information available |
Regulatory Reporting & Audit
(12 Yes /12 Known /15 Possible features)
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Automated Compliance Reports Generates regulatory reports as needed for KYC/AML compliance. |
Automated regulatory compliance report generation is a key component marketed by Firco. | |
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Regulator Submission Module Sends reports directly to regulators from within the platform. |
Direct B2G reports and regulatory submission modules are provided for filing STRs/SARs. | |
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Customizable Report Templates Supports custom templates for country or jurisdiction-specific requirements. |
Customizable reporting templates for regulatory submissions are supported. | |
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Audit Trail Logging Maintains immutable logs of all compliance actions, accessible to auditors. |
Immutable audit trail logs are guaranteed under the compliance and reporting module. | |
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Report Scheduling Allows scheduling of periodic compliance reports. |
Scheduled report creation and delivery are common to regulatory and management reporting modules. | |
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Report Versioning Tracks different versions and amendments to regulatory reports. |
Report versioning to support amendments and audit is available. | |
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Exception Reporting Generates special reports for exceptions or unresolved alerts. |
Exception reporting for flagged cases and alerts is included in the reporting module. | |
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Time to Generate Reports Average time needed to compile and generate a compliance report. |
No information available | |
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Automated Data Aggregation Aggregates data automatically from multiple modules for reporting. |
Automated data aggregation from multiple modules for reporting is a listed feature. | |
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Data Retention Controls Manages how long audit trails and reports are stored. |
Data retention controls for audit/compliance data are part of Firco's compliance framework. | |
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Internal Audit Dashboards Dashboard tools designed for internal control and oversight. |
Internal dashboards for audit/control are part of standard workflow products. | |
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Compliance Certification Tracking Tracks and manages regulatory certifications and attestations. |
No information available | |
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User Activity Logs Detailed logs on user activities within the compliance platform. |
User activity logs are a requirement for regulatory-grade systems like Firco. | |
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Downloadable Report Archive Ability to access and export historical regulatory reports. |
Archiving and export of historical reports/data is referenced in documentation. | |
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Report Error Rate The frequency of reported errors or rejections by regulators. |
No information available |
Workflow & Case Management
(14 Yes /14 Known /15 Possible features)
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Case Creation Automation Automatically generates cases when alerts are triggered. |
Automatic case creation is part of workflow/case management in Firco. | |
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Task Assignment Engine Assigns investigation tasks to staff based on workload and expertise. |
Task assignment automation is highlighted in workflow/case management features. | |
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Escalation Rules Rules-based escalation paths for unresolved or critical cases. |
Escalation rules are implemented for critical or unresolved events. | |
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Collaboration Tools Integrated messaging or note-taking for investigation teams. |
Collaboration and notes are standard for investigation workflows. | |
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Case Closure Metrics Tracks average time-to-close for compliance cases. |
No information available | |
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Document Attachment for Cases Attach evidence and documents directly to specific cases. |
Attachment of documentation/evidence is included in case management. | |
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Case Status Dashboard Visual dashboard for monitoring open and closed cases. |
Case dashboards are provided for workflow monitoring. | |
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Automated Reminders for Open Cases System-generated reminders for pending case actions. |
Open/pending case reminders are generated as part of task management. | |
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Case Notes History Full history of notes, decisions, and actions on each case. |
Complete history is tracked per case. | |
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Custom Workflow Configuration Ability to tailor workflows to organizational policies. |
Workflows can be customized to organizational policies; this is a selling point for enterprise. | |
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Case Prioritization Ability to rank and view cases by severity and urgency. |
Case severity/priority rankings are available in dashboard and reporting. | |
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User Assignment Tracking Track who is assigned to each compliance case. |
User assignment tracking is built into workflow/case management. | |
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Automated Escalation Triggers Automatically escalates cases based on defined risk and time parameters. |
Automated escalation for risk/time is part of the workflow system. | |
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Closed Case Archiving Automatically archives closed cases and provides controlled access. |
Closed case archiving for audit/records is a standard feature. | |
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Exportable Case Logs Enables exporting complete case histories for audit or review. |
Case logs are exportable for audit or management review. |
Integration & Data Interoperability
(9 Yes /9 Known /15 Possible features)
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Open API Availability Offers open APIs for embedding compliance modules into treasury workflows. |
APIs for embedding/interoperability are supported. | |
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Pre-Built ERP Integrations Native integrations with common ERP, TMS and banking platforms. |
Pre-built integrations with SAP, Oracle, and other treasury/ERP systems are available. | |
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Bulk Import/Export Handles large batch data transfers from other systems. |
Bulk, high-volume data import/export is supported for onboarding and screening. | |
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Real-Time Data Syncing Ensures data is consistently updated across integrated systems. |
Firco advertises real-time data syncing between modules and with external systems. | |
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Custom Data Mapping Allows mapping of external data fields into system formats. |
Allows custom mapping of imported data fields. | |
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Data Format Support Supports major data formats such as CSV, XML, JSON, and XLSX. |
Accepts all standard data formats for import/export including CSV, XML, JSON, XLSX. | |
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Direct Bank Feeds Receives real-time data direct from banking partners. |
No information available | |
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Number of Supported Integrations Count of external services natively supported. |
No information available | |
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Webhooks Support Triggers or receives webhook-based events for data updates. |
Webhooks and API triggers for integration are available. | |
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Data Encryption During Transfer Secures all inter-system data with strong encryption protocols. |
Data encryption during transfer is required in all regulatory deployments and carried out by Firco. | |
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Automated Data Cleansing Cleanse and de-duplicate data on import. |
No information available | |
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Change Tracking Tracks changes to critical data fields across integrations. |
No information available | |
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Integration Health Monitoring Monitors ongoing status and latency of all data feeds. |
No information available | |
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Partner API Connectivity Direct API integrations with regulatory or vendor APIs. |
Partner API connectivity is a referenced feature for vendor/regulatory API integration. | |
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Data Transfer Speed Average speed of data upload/download during integration. |
No information available |
Data Security & Privacy
(12 Yes /12 Known /15 Possible features)
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End-to-End Encryption Data is fully encrypted at rest and in transit. |
End-to-end encryption (at rest and transit) is explicitly stated as part of compliance commitment. | |
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Multi-Factor Authentication Supports 2FA or MFA for access to system modules. |
Multi-factor authentication is available for secure user access. | |
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Data Masking Masks sensitive fields in interfaces and exports. |
Data masking for sensitive fields is expected under global privacy laws and implemented. | |
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Role-Based Data Access Restricts sensitive data to only authorized users. |
Role-based access to data is configurable, as stated in user documentation. | |
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Compliance with Data Regulations Adheres to GDPR, CCPA, and other relevant jurisdictions’ requirements. |
GDPR, CCPA and similar compliance is a core commitment in global deployments. | |
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Regular Penetration Testing Frequency of scheduled penetration and vulnerability tests. |
No information available | |
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Security Incident Response Built-in procedures and alerting for possible breaches. |
Security incident response protocols are detailed in Firco's documentation for incident management. | |
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Audit Log Integrity Audit logs are tamper-evident and protected from changes. |
Audit logs are protected against tampering. | |
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Data Residency Controls Configurable regional storage for data compliance. |
Regional data residency options available per client and regulation. | |
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Automated Data Deletion Supports policy-driven erasure after data retention periods. |
No information available | |
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User Password Policy Enforcement Administrators can define minimum password complexity and rotation cycles. |
Password policies are configurable, as required for regulatory certification. | |
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Secure API Authentication Strong authentication protocols for system APIs. |
API authentication security is provided as part of open integration. | |
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Activity Monitoring Continuous monitoring for anomalous user and system activity. |
Continuous monitoring for user/system anomalies is described as a security feature. | |
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Data Backup Frequency Automated backup schedule for all data assets. |
No information available | |
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Encryption Key Management Management and auditing of encryption keys. |
Encryption key management and audit options are described in technical documentation. |
User Experience & Accessibility
(6 Yes /6 Known /15 Possible features)
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Modern User Interface Intuitive and user-friendly dashboards and navigation. |
Modern user interface/dashboard is a selling point in Firco's product literature. | |
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Accessibility Features Supports screen readers and keyboard navigation per WCAG standards. |
No information available | |
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Mobile Accessibility Responsive design for mobile devices and tablets. |
Firco compliance dashboards are available on desktop and mobile, as per marketing material. | |
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Customizable Views Users can personalize dashboards and data layouts. |
Customizable dashboards/views are standard for analytics in Firco. | |
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Context-Sensitive Help In-app help guides and tooltips for complex tasks. |
No information available | |
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Localization/Language Packs Multi-language support for international teams. |
No information available | |
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Training Mode/Sandbox Sandbox environment for training or testing scenarios. |
No information available | |
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Fast Load Time Average system dashboard and page load speed. |
No information available | |
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Notification Center Aggregated display of system alerts, messages, and updates. |
Firco features a notification center for system events and alerts. | |
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Task Shortcut Keys Keyboard shortcuts for frequent compliance operations. |
No information available | |
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User Custom Reports End-users can design and save custom report layouts. |
Custom user reports and saved layouts are part of the reporting & analytics modules. | |
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Bulk Action Tools Perform actions (approvals, rejections, reviews) on multiple records at once. |
No information available | |
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Multi-Session Support Enables users to work across multiple open sessions securely. |
No information available | |
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Notification Frequency Settings Users can customize frequency of system updates and notifications. |
No information available | |
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Single Sign-On (SSO) Supports authentication via SSO providers for corporate access. |
Single sign-on (SSO) is available for enterprise deployments. |
Reporting & Analytics
(15 Yes /15 Known /15 Possible features)
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Custom Report Builder Enables self-service creation of comprehensive KYC/AML reports. |
A custom report builder is provided for generating tailored compliance analytics. | |
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Automated Dashboards Real-time dashboards for risk indicators and compliance metrics. |
Automated dashboards for risk/compliance metrics are included. | |
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Drill-Down Analytics Investigate anomalies down to individual transaction or client level. |
Drill-down analytics from high-level dashboards to detail level are available. | |
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Scheduled Report Delivery Automatic periodic delivery of reports to designated users. |
Scheduled report delivery is supported for management and compliance purposes. | |
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Ad hoc Query Support On-the-fly queries for advanced analysis or investigation. |
Advanced ad-hoc queries are referenced in feature documentation. | |
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Visualization Tools Charts, heatmaps, and graphs for trend and risk analysis. |
Visualization tools including charts and graphs are included. | |
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Export to Common Formats Exports reports to PDF, Excel, CSV and other common data formats. |
Supports export of reports to PDF, Excel, CSV, and other major formats. | |
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Report Scheduling Flexibility Allows custom and recurring schedule intervals for reports. |
Report scheduling options are flexible for user-defined workflows. | |
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Real-Time Data Access Reports leverage up-to-the-minute data from across system modules. |
Real-time data access is promoted in compliance and analytics modules. | |
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Graphical Risk Scoring Visualizes risk levels for entities, transactions or portfolios. |
Graphical risk scoring is available for portfolio and entity assessment. | |
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Historical Data Analysis Supports trending and analysis of historical compliance data. |
Historical compliance and risk data analysis is supported. | |
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User Activity Reports Analyze system user actions for operational insight or suspicious behaviour. |
User activity reporting is supported for compliance and operational oversight. | |
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Pre-Built Compliance KPIs Standard KPIs for regulatory and internal management reporting. |
Standard regulatory and internal KPIs are pre-built into Firco dashboards. | |
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Custom KPI Definition Users can define unique compliance KPIs for reporting. |
Custom KPI and metric definition is available in the reporting engine. | |
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Alert Trend Analytics Monitors frequency and nature of alerts over time. |
Alert trends and analytics are a key strength of Firco's alert management. |
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