Panama Credit Bureau APC Will Use FICO Solutions to Fight Financial Crime

By : |February 8, 2019 0
APC Intelidat, the credit bureau in Panama, will provide a regulatory compliance service to its customers, powered by the FICO TONBELLER Siron KYC module

APC Intelidat, the credit bureau in Panama, will soon provide regulatory compliance capabilities to its customers, with a FICO financial crime compliance solution. The country’s financial and non-financial regulated institutions will be able to use the FICO TONBELLER Siron KYC module to perform due diligence processes, in compliance with local laws and regulations, through APC Intelidat’s powerful technology infrastructure.

“The robustness of the FICO solution is exactly what we need to manage compliance in Panama’s unique environment, which faces new challenges every day,” said Giovanna Cardellicchio, CEO of APC. “This is the beginning of our relationship with FICO, which is known worldwide for its risk management and financial crime compliance solutions. The integration of their solutions with our platforms is in progress and we will be ready to launch these new services and capabilities in the upcoming months.”

“FICO’s financial crime compliance solutions check more than half a billion transactions every day,” said Alexandre Graff, who overseas FICO’s operations in Latin America and the Caribbean. “We are committed to helping APC and the Panamanian banking industry fight financial crime, including money laundering and other illegal activities.”

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FICO TONBELLER Siron KYC is an end-to-end solution for managing KYC compliance throughout the customer relationship. Siron KYC also monitors the existing customer base for any changes, keeps customers’ risk profiles up-to-date and facilitates enhanced due diligence processes for high-risk customers. FICO TONBELLER Siron KYC was named a leader in the IDC MarketScape: Worldwide Know-Your-Customer Solutions in Financial Services 2018 Vendor Assessment (doc # US44292018, September 2018).

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