Enhance compliance activities with the easy-to-use OFAC scanning solution in ResWare.
Superior, CO – April 14, 2020 – Adeptive Software, developers of the powerful title and escrow production software, ResWare®, adds SimpliRisk to its platform. The SimpliRisk service is a fully-integrated watch list scanning solution to meet Patriot Act requirements to scan names against the Office of Foreign Assets Control (OFAC) sanctions list. The SimpliRisk platform updates the OFAC list automatically as changes are made by the US Treasury, performs real-time name scans, and returns results to the appropriate ResWare file. ResWare action triggers, for SimpliRisk scan results, can auto-start other actions to keep transactions on track and team members informed.
The SimpliRisk integration meets industry compliance requirements and provides downloadable audit reports for historical scan activity. Search results are tagged accordingly to the ResWare file for clear insight and documentation. “Patriot Act searches and OFAC screening are an important aspect to the clear transfer of title and property ownership,” said Adeptive’s president, Bryan Buus. “Providing services such as PayLynxs directly within ResWare helps our customers process more files while the sophisticated automation of ResWare does the work for them.”
To learn more about this integration and pricing, contact PayLynxs at sales@paylynxs.com or (503) 217-0979.
About PayLynxs
PayLynxs, Inc. is a software company that builds, operates and owns its proprietary applications that support financial institutions. PayLynxs has operated as an application service provider to deliver, host, and manage software as a service (SaaS) since 2006. SimpliRisk is an innovative risk management, transaction monitoring, and consumer due diligence platform designed and developed by PayLynxs. PayLynxs focuses on delivering high-quality products that are easy to use and balance effectiveness, efficiency, and affordability to deliver results that help improve the organizations’ operations and profitability. The team has years of experience working with financial institutions. They offer a unique combination of highly experienced compliance experts to provide consulting, advice and guidance to clients and software developers to ensure application results are accurate and easy to use.
