FircoSoft and Systar Partner on Watchlist Filtering
FircoSoft and Systar have formed a technology and reseller partnership. Based on Systar’s BAM technology, FircoSoft will offer a new solution, Firco BAM, to provide financial institutions with real-time insight into their watchlist filtering process environments.
As part of the partnership agreement, FircoSoft will sell Firco BAM to its largest customers and prospects with complex filtering environments and high transaction volume.
FircoBAM enables financial institutions to filter chain of payment messages. From a business perspective, the solution will detect when investigations are slowing down and will notify operation managers when payments are at risk of being delayed.
The new solution will provide valuable dashboards for both payment back offices and compliance departments to detect potential issues in real time and evaluate impacts on business lines. From a technical perspective, the solution will detect risks caused by system unavailability and low performance. The solution can be deployed on a large variety of platforms including IBM MQSeries and Oracle, and uses web-based technology standards.