Accuity last month announced the acquisition of Safe Banking Systems (SBS), a specialist provider of Know-Your-Customer due diligence and anti-money laundering solutions that enable financial institutions to identify, assess, and manage risk across the enterprise.
Accuity, part of RELX Group, is a provider of innovative solutions for payments and compliance professionals, offering comprehensive data and software that manage risk and compliance and flexible tools that optimize payments pathways through its Fircosoft, Bankers Almanac, and NRS brands.
SBS’s solutions perform advanced false positive reduction and risk assessment in the account screening process across several sectors, including high-volume banks and non-bank financial institutions, bringing greater intelligence for entity resolution to clients worldwide.
SBS is already a long-standing partner of Accuity’s Fircosoft business, leveraging the Fircosoft filter in its solutions. Accuity and SBS share many mutual customers, which benefit from their complementary offerings. This acquisition provides Accuity with an enhanced account screening solution and complements its transaction and trade-screening offerings.