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Why choose SimpleOFAC™
SimpleOFAC Suite™ is built on the idea that the
OFAC compliance tool can be more intuitive, efficient, and useful.
It uses the latest Web 2.0 (AJAX) and innovative indexing and search technology,
providing user friendly interface, high performance and quality.
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Advanced Open Technologies
With hundreds of thousands transactions everyday,
reducing even a small 1% of hit ratio would save hundreds of thousands of dollars;
less computer resources and less operators to manually review alerts
We utilize advanced and open indexing and search algorithms.
This allows us to process data much faster and more accurately
while eliminating the number of false alerts being generated.
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Flexibility and Openness
The flexibility of how to configure the filter system to reduce the false alerts
and guarantee the full match on the sanction list is easily done so with SimpleOFAC:
It can explain how score of each alert is produced and can be easily reproduced.
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Extensibility and Performance
More than just an OFAC tool,
SimpleOFAC Suite™ is an extensible platform that you can customize to match to your business processes.
It supports Webspher MQ, Jave Message Service, Embed Java API, or client API call using various programming language (Java, PHP, etc).
On Dell Poweredge SC430, with 3GB memory, Ubunto 8.04 server, it scans 1,500 messages per second.
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Ease of Use and Testing.
As of June 10, OFAC alone updated its list 27 times this year.
When you add or remove a sanction entry, what level of confident you have on yourself and on the filter system?
How easily can you run last week's data, for example, against the updated list and produce the statistics report?
SimpleOFAC Suite™ gives users the ability to view the changes on the sanction list
between day one and day two.
It also provides a very handy free text lookup tool
to let users quickly scan any customer data or transaction.
It also can be used as a test tool to test the quality of filter instance and the sanction List.
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For more information on SimpleOFAC Suite™ ,
please check the overview page.
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OFAC Solutions
