London and New York, 1st May 2012 – ACE Software Solutions; the specialist payment and messaging software house, announces the release of PelicanOFAC v7.7.
ACE Software Solutions is pleased to announce the launch of the latest version of its message filtering product Pelican OFAC.
Pelican OFAC is the product of choice for the Union Bank of California and is a leading component of the PELICAN product suite which has been developed using leading-edge AI technology. Pelican OFAC provides an enterprise wide solution to banks and other financial institutions. The platform supports enhanced scanning functionalities and provides the vital information demanded by compliance officers for efficient and informed decision making.
With the new version of Pelican OFAC, banks can immediately update ‘black lists’ so that messages to and from these entities can be instantly blocked. In addition, Pelican OFAC’s browser based user interface provides compliance officers with built in dashboards that can be used for compliance, operational and analytical purposes. Further information is available through ‘drill-down’ at message level to enable further investigation and decision making. Pelican’s filtering capabilities are now available as a web service for easy integration with external systems. Pelican OFAC also provides comprehensive case management functionality.
ACE’s Sales Director; Tim Dawes discussed the release of the new software version “Pelican OFAC has always been the platform of choice for those banks that demand a robust, highly scalable system that supports multi-institution/multi-location organisational structures. It has also consistently proved its ability to deliver data confidentiality and security across multiple institutions and locations. The new enhancements build on the stunning reputation of this product and clients have already recognised the added value that the new capabilities represent. It has always been ACE’s goal to maintain the highest level of support for the banking industry worldwide and this latest software version further establishes ACE as the leading provider of banking payment and messaging solutions”.
