King of Prussia – January 13, 2014 – Regulatory DataCorp, Inc. (RDC), the leader in decision-ready intelligence and risk and compliance services, today announced they have aligned with business analytics leader SAS Institute Inc. (“SAS”). RDC will provide an option for external, comprehensive due diligence screening and monitoring to complement the SAS Customer Due Diligence functionality within the SAS Financial Crimes Suite.
RDC, which houses the world’s largest open-source, risk-relevant database of high risk individuals and organizations will work with SAS to help customers comply with AML and KYC/CDD requirements. The result is a powerful and integrated system tailored towards incorporating industry leading analytics, internal data sources and comprehensive external risk sources. With this approach financial institutions can ensure the most accurate perspective of their customers and monitor accordingly based on the potential risks they represent.
“The use of SAS’s market-leading technology platform and RDC’s solutions for screening and ongoing monitoring will give financial institutions a formidable tool focused on helping them comply with the regulatory requirements for customer due diligence both when customers are on-boarded as well as throughout the customer’s relationship,” said Anurag Mathur, Chief Product Officer at RDC.
“SAS believes this collaboration empowers clients to take an ‘Inside-Out’ approach for evaluating the risk customers and prospects present to any financial institution relative to fraud, money laundering, terror financing and corruption,” said Randy Neal, SAS Alliances Manager. “The RDC solution delivers comprehensive insight into external risk data that complements SAS analytics and our clients’ own internal data to provide an ‘Inside-Out’ view of their customer relationships. The resulting solution is a highly responsive alerting system that truly enables a risk based approach in an organization’s monitoring programs,” added Neal.
Regulatory DataCorp, Inc. (RDC) delivers powerful, decision-ready intelligence and world-class risk and compliance protection, allowing global organizations to identify banned/suspect entities, strengthen fraud protection, ensure regulatory compliance, manage supply and distribution risk, and protect their brand equity. With the world’s largest open source risk-relevant database, RDC provides AML/KYC compliance; Politically Exposed Persons (PEP) protection; emerging market intelligence; corruption, fraud and crime protection; vendor screening and monitoring; and credit risk monitoring to a wide range of clients worldwide. Founded by 20 of the world’s leading financial institutions, today RDC is a Bain Capital and Goldman Sachs portfolio company. Learn more about RDC by emailing firstname.lastname@example.org or visiting www.rdc.com.