Regulatory DataCorp (RDC) today launched “RDC Search,” a real-time search application that allows clients to conduct interactive queries on RDC’s Global Regulatory Information Database (GRID), the world’s largest database of open-source, risk-relevant information.
RDC Search puts more than six million risk-relevant records concerning people and groups within a click’s reach. The application adds value by linking those people and groups to associated risk-relevant events, and by providing popup windows detailing available information including aliases, known addresses, dates of birth, physical attributes and more. RDC Search provides a direct link to the source of the risk-relevant information and assigns a confidence score to the match and the risk event associated with each entity. Clients can use RDC Search to interact real-time with the GRID database and can search for information using any one of GRID’s 42 unique risk codes.
Commenting on the launch of RDC Search at the ninth annual Florida International Banker’s Association Anti-Money Laundering conference here today, Bill Burmeister, RDC’s Chief Operating Officer & General Counsel said, “RDC Search is a major step forward for our clients. With RDC Search, the world’s largest risk-relevant database is more accessible to financial service organizations and others who need to conduct real-time searches to comply with due diligence regulations.”
RDC Chairman and CEO, Mark Parsells said, “Real-time search is another significant expansion of RDC’s suite of compliance solutions and one of several customer-centric innovations we’ll be introducing in the coming months.” Interested parties can preview sample pages of the new RDC Search tool at http://www.rdc.com/services
About Regulatory DataCorp
Regulatory DataCorp (RDC) (www.rdc.com) was founded by 20 of the world’s leading financial institutions in the wake of 9/11 and is the only enhanced due diligence vendor built by the financial services industry for the financial services industry. In 2007, Bain Capital, LLC, a Boston-based private equity firm, made a substantial investment in RDC to ensure technological advancements that now allow RDC to serve a broader group of clients. Today RDC offers the world’s largest database of open-source, risk-relevant records and an array of due diligence products and services that enable compliance with Anti-Money Laundering (AML) laws, Know Your Customer (KYC) rules, and Enhanced Due Diligence (EDD) to meet USA PATRIOT Act, BSA and FCPA requirements.
Contacts:
Regulatory DataCorp (RDC)
Jim Donahue, 302-367-6929
jdonahue@rdc.com
