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ACE Newsletter
May 2005
"It’s been a good 1st Quarter"
Dear Colleague:
Global integrated STP, OFAC and AML system
goes live at a major bank
ACE has successfully implemented a complex and
fully integrated system for world-wide STP, AML and Blacklist filtering
at a major bank that involving operations in over 20 countries.
The project is a major milestone in ACE's implementation capability
since it is a sensitive solution as well as a complex architecture
that ACE has had to deliver. We are confident that this project
is a precursor to several such global enterprise-wide projects that
will catapult ACE into a global enterprise-wide solution provider.
ACE unveils New IBAN Solution
Our new IBAN solution enhances your STP rate dramatically
by providing powerful IBAN extraction and repair capabilities, using
the most up-to-date reference data ensuring your organisation successfully
complies with the most stringent STP guidelines.
It will provide banks with a solution capable of
capturing, recognising, processing and validating IBANs. Two basic
requirements exist for STP:
The beneficiary Account Number must be specified
in Valid IBAN Format;
The Beneficiary’s Bank/Branch must be identified
with a Valid BIC code.
ACE’s IBAN Solution can be integrated with your
systems and the CB.Net data feed in one of these ways:
- As a stand-alone ACE IBAN system
- Integrated with the bank’s message flow
- Embedded in SWIFT Alliance as an add-on ADK Plug-in or as ADK-MQ
Plug-in with ACE Assistant as a Repair Station within SWIFT Alliance
Workstation for manual repair.
For more detailed information
contact Stef de Turck sdeturck@acesw.com
ACE introduces Intelligent
Address Matching solution for European Banks
Intelligent Address Matcher - IAM™ is a specialised
product from ACE Software Solutions to facilitate validation of
address contained in financial messages to their corresponding account
numbers. IAM uses intelligent natural language processing techniques
to quickly and accurately scan financial party fields of all types
and formats. This new system will allow European banks to fully
comply with the new address matching regulations. In fact a leading
European global bank has already adopted this solution to fully
comply with the regulations.
ACE attends SWIFT Regional
Conference in Dubai, UAE
This year’s, SWIFT regional conference in the Middle
East explored issues on security, sovereignty and regional infrastructures
through a tested balance of plenary sessions, panel discussions,
information sessions and work sessions. ACE was present at this
important Mid-East event and actively participated in these interactions.
ACE participates in the
Tenth Annual International Money Laundering Conference in Florida
We also participated in the AML conference organized
by moneylaundering.com in Florida. A worldwide attendance of more
than 1,000 delegates attended representing more than 50 countries
to hear many of the world’s leading experts on anti money laundering
methods and controls and to explore the high-profile cases and many
other security subjects at this three-day event. ACE exhibited for
the first time to showcase its proven solutions for Anti-Money Laundering.
We have benefited by establishing a significant
number of new contacts and at the same time the show has assisted
us in keeping us up to date with the ever more complex regulatory
landscape.
About ACE
ACE Software Solutions is a specialist provider
of artificial intelligence-based solutions for several premier Financial
Institutions in Europe, N. America and Asia. ACE has a range of
sophisticated products for enterprise-wide Straight Through Processing
(STP), Enterprise Application Integration (EAI), Anti-money Laundering
(AML) and Fax Automation. ACE has many of the household names of
Financial Services industry as its customers.
From the Marketing Team
ACE Software Solutions Ltd.
53 St. George's Road, Wimbledon
London SW19 4EA U.K.
Tel: +44 (0) 208 947 7200
Fax: +44 (0) 208 947 2694
Mobile: +44 (0) 7785 227996
Email: marketing@acesw.com
Web: http://www.acesw.com/
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