Adeptive Software has integrated SimpliRisk into its ResWare platform, the company announced.
The integration enables ResWare customers to access SimpliRisk’s watch list scanning solution to meet Patriot Act requirements to scan names against the Office of Foreign Assets Control (OFAC) sanctions list.
SimpliRisk updates the OFAC list automatically as changes are made by the U.S. Treasury, performs real-time name scans, and returns results to the appropriate ResWare file.
“Patriot Act searches and OFAC screening are an important aspect to the clear transfer of title and property ownership,” Adeptive President Bryan Buus said in a release. “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.”
Adeptive said its SimpliRisk integration meets industry compliance requirements and provides downloadable audit reports for historical scan activity.