Enhanced Compliance Solution (ECS) AML / BSA Monitoring

Our ECS Enhanced Compliance Solution (ECS) is a comprehensive AML monitoring system designed in accordance to the US PATRIOT ACT to detect and properly document fraudulent behavior. ECS’ unique relationship functionality monitors activity or patterns of behavior between persons and groups of customers. Signatories, beneficiaries and even non-customers form part of the customer relationships. MORE

PREVENT – Programmed Risk Evaluation and Notification

PREVENT empowers you to maintain up to date risk assessment of all your accounts, at all times, and in line with your risk policy. Account Risk, the cornerstone that drives your monitoring, review procedures, and due diligence requirements, can be automatically updated as frequently as transactions are processed and information is gathered on accounts. With its ability to instantly re-evaluate and fine tune risk criteria, the impact on changes to your risk policies can be easily reviewed and implemented through the use of a quick and friendly reiterative process. MORE

OFAC EDD Server

Our OFAC EDD Server scans lists published by the US Office of Assets Control (OFAC), the Bank of England (BOE) and other sources. It is designed not only to scan blocked entities but also to assist banks in the process of Enhanced Due Diligence (EDD) by searching through other databases such as lists of Politically Exposed Persons (PEP) . Its Search History functionality is specifically designed to comply with FinCEN requests and subpoenas by scanning client databases and transaction history. MORE

Fedlink Wire Transfer Automation

Ocean Systems’ premier wire transfer product, FedLink, is composed of various modules that automate the wire transfer operation. The FedLink core module receives and repairs wire transfers from the Federal Reserve and automatically posts entries to client accounts providing full disclosure on customer statements. MORE

Fedlink Anywhere

FedLink Anywhere eliminates the time consuming job of manually preparing customer wire requests and the need to call back customers for authentication. It’s web based design allows bank customers and branch personnel to securely prepare and authorize wire transfer requests from anywhere in the world. The FedLink Anywhere module provides a web based front-end for remote branches and bank customers. MORE

Fedlink Direct Connect

For banks with high wire transfer volumes or short service windows, FedLink Direct Connect links your wire transfer application to the Federal Reserve Bank (FRB), bypassing Fedline Advantage. Operating as an unattended server application, wire transfers are instantly received and sent to the FRB upon approval without operator intervention. FedLink Direct Connect is certified by the Federal Reserve Bank (FRB) to process messages in accordance to FRB’s protocol and specifications. MORE

Fedlink Mail Facility

FedMail automates the task of advising customers when transfers are received or sent. Once a transfer is approved in FedLink, FedMail immediately produces an advice via either E-Mail or FAX. Account Officers and branches may be set up to automatically receive copies of the advices whenever a transfer is approved for a corresponding customer. MORE

SWIFT Straight Through Processing (STP)

The SWIFT Interface Module integrates with FedLink to provide Straight Through Processing (STP) of SWIFT messages through the Federal Reserve’s Fedwire system. The conversion and flow of messages is done without manual intervention, reducing manual work and service times. MORE