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AN OVERVIEW |
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At ACE we believe that change is constant. Our business and technologies are continually
evolving to keep up with the demands of a challenging yet exciting global marketplace.
Every day we empower ourselves to meet these challenges we face to ensure that our
custo-mers needs are served. In this way we will remain a world leader in AI (Artificial
Intelligence) based financial software solu-tions. We believe in empowerment and
the freedom to act on behalf of our customers. |
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PRESS RELEASE |
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ACE Software Solutions, Inc. |
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News Release |
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World-Check and ACE Software Solutions Announce Strategic Relationship to Help Banks
comply with Anti-money Laundering Regulations |
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London, U.K. – January 19, 2005
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World-Check (GLOBAL OBJECTIVES LTD) has signed an agreement with ACE Software Solutions
(ACE) to jointly deliver World-Check’s critical KYC information via ACE’s specialized
message filtering and customer profiling solutions.
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Developed for financial institutions worldwide, ACE’s AML Toolkit™ is a groundbreaking
solution providing multi-dimensional functionality and innovative technology, delivering
accurate filtering and profiling capabilities for global compliance to Anti-money
Laundering regulations worldwide.
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To further facilitate the attainment of ACE’s mission to help financial institutions
achieve 100% compliance, ACE has forged a relationship with World-Check. Al Danino,
Commercial Director of ACE said, “World-Check is the first choice for financial
institutions looking to bolster regulatory compliance. The use of World-Check’s
intelligence with our software will enable clients to fully realise global compliance
to multiple regulations and better manage regulatory risk.”
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ACE’s AML Toolkit™ will deploy the World-Check database. The World-Check solution
provides comprehensive and enhanced sanction list information on virtually all regulatory
bodies globally, Additionally, this data delivers critical information for various
entities like Politically Exposed Persons and other publicly available information
drawn from reliable and extensive research.
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Mr. David Leppan, CEO & Founder of WorldCheck, said, “Both companies recognise
the value of combining high quality compliance information with specialist software
to help organisations improve their compliance of regulatory requirements. ACE is
a leading provider of Anti-money Laundering software for the international financial
services market, making it a perfect partner for institutions to leverage the benefits
of World-Check’s global intelligence.”
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About World-Check |
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World-Check is the financial community’s leading intelligence service tracking heightened
risk financial customers, including money launderers, fraudsters, terrorists and
political figures, among numerous other categories. World-Check leverages cutting-edge
research technology in combination with its highly-focused due diligence team to
gather information on heightened-risk entities and PEP’s in over 225 countries and
territories. The World-Check database is updated continuously as news and information
from around the world is collected and analyzed.
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Today, World-Check is used by almost 1,000 institutions, including 180+ regulators
and financial investigating authorities, in more 110 countries.
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For more information, contact World-Check at info@world-check.com.
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About ACE Software Solutions |
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ACE Software Solutions (www.acesw.com) is a world leader in message content-based
messaging solutions. ACE’s solutions enable financial organizations to leverage
ACE’s proven expertise in Artificial Intelligence and Natural Language Processing
and to successfully tackle every aspect of financial message processing right from
Message Enhancement and Repair to Message Traffic Analysis and Anti-money Laundering.
ACE has offices in London, Iselin New Jersey, and Bombay..
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