As the industry awaits the announcement of the final USA PATRIOT Act requirements, CSC (Austin, TX) has selected Search Software America's (SSA) Identity Systems (IDS) software solution to include in its PATRIOT Protector Service anti-terrorism regulation compliance ASP offering.
"The SSA product is the heart of PATRIOT Protector, as it provides the algorithms and does the searching," says JoAnn Welles, vice president, financial services group, CSC. "We've put a lot of features around it to adapt it to insurance companies and other financial services companies."
PATRIOT Protector is offered on an ASP basis, providing clients with a service that matches identities against the Office of Foreign Assets Control (OFAC) list of Specially Designated Nationals and Blocked Persons, according to Welles. "It can do full file sweeps, it can do queues of transactions, and it's got a browser interface to do a manual check," she says. The advantage of the solution, Welles adds, is that "it gives clients control over the tuning process, because we allow them to tune how close a name match they want on the OFAC list."
The product allows users to get a limited number of positives, so a user can search to see whether false positives are on the list. "It gives them a streamlined false positive resolution, and an audit trail so that they can prove compliance," Welles adds.
CSC had already used SSA's IDS product for its @First fraud-detection tool for the pre-payment analysis of claims. According to SSA, the tool also provides online batch search, matching, duplicate discovery and relationship linking for all types of identification data stored in relational databases, such as IBM's DB2, Oracle and Microsoft SQL Server. Along with the solution's performance in the @First solution, CSC "chose SSA because they have a lot of credibility, they've got really strong function features and they're very well known in the financial services industry," Welles says.
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio