Regulatory DataCorp, International. (RDC), founded by 20 of the largest financial institutions and the most recognized provider of risk-relevant data focused on regulatory compliance related to Anti-Money Laundering (AML) and Know Your Customer (KYC) in the financial services industry, announced today that it is releasing the first in a series of innovative Web Self Service (WSS) features for their Clients. The WSS features are designed with maximum flexibility so that Clients can access and manage compliance due diligence efforts for on-boarding and ongoing monitoring of Clients.
Wilmington, DE (PRWEB) June 3, 2008 -- Regulatory DataCorp, International. (RDC), founded by 20 of the largest financial institutions and the most recognized provider of risk-relevant data focused on regulatory compliance related to Anti-Money Laundering (AML) and Know Your Customer (KYC) in the financial services industry, announced today that it is releasing the first in a series of innovative Web Self Service (WSS) features for their Clients. The WSS features are designed with maximum flexibility so that Clients can access and manage compliance due diligence efforts for on-boarding and ongoing monitoring of Clients. Clients can submit, track and search the status of inquiries as well as view and download reports through RDC's web based interface.
"This release is the first of several planned that will be deployed in the next few months that will dramatically enhance the RDC user experience. We are pleased to deliver this enhanced functionality to our Clients. Over the past 10 months, we have worked diligently to understand the needs of current Clients and prospects. RDC has developed a Client-focused technology strategy that addresses Client pain-points and provides solutions to relieve those pains. Our philosophy is to earn Clients' confidence 'not by what we say, but by what we do.' The fact that our current Clients have been referring prospects to us reinforces that we are delivering what Clients want and need," said Mark Parsells, Chairman and CEO of RDC. Additional Web Self Service features and new products will be deployed over the next few months to further enhance Clients' compliance efforts, delivering high-quality data to help identify illicit activities of customers, vendors, contractors and employees.
RDC is dedicated to disseminating essential compliance information utilizing GRID®, (Global Regulatory Information Database®), the backbone of RDC's proprietary technology infrastructure. GRID is a collection of more than 3 million data records aggregated from 15,000 public sources that is continually updated with over 2,500 new records daily. GRID is the most comprehensive database of open source, risk relevant data in the world comprised of global government lists, regulatory authority actions, media, and politically exposed persons (PEPS) records.
Please contact Rachel Macha at rmacha@rdc.com or call 302-353-5705 or Bill Burmeister at 212-880-3496 for further information on how RDC can serve your company's needs.
About RDC:
Launched in 2002, Regulatory DataCorp, Inc. (RDC) was formed by twenty of the world's leading financial institutions in reaction to the 9/11 attacks for the purpose of creating the world's largest and most accurate data base of risk relevant information for use in due diligence and on-going monitoring of clients. In 2007, Bain Capital, LLC, a Boston based $60 billion Private Equity firm, made a substantial investment in RDC to make technological advancements in its proprietary database to support a much broader group of companies in a wide range of industries. RDC's Global Headquarters is in New York City; its US Headquarters is in Wilmington, DE.
Source: PRWeb: Legal / Law
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