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Fit-for-purpose data and compliance screening specialists, Datanomic Ltd, has
signed an Alliance Partnership with Isle of Man-based software development specialists,
Webtech Software, to provide integration and service support to the offshore financial
services industry, as well as insurance, regulatory and banking customers across Europe.
Webtech Software will provide both sales referrals and service delivery of Datanomic’s
dn:Director Sanctions & PEP (Politically Exposed Persons) Screening software to its
offshore and international wealth management clients.
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Webtech Software provides financial institutions with solutions to support the administration,
investment management, accounting and reporting of offshore and international wealth management
products on a pan-European basis. The company’s integrated policy administration and investment
management solution, Genesis Life 3, helps reduce the total cost of running a wealth management
operation while providing fully integrated customer and investment administration. In addition
to its work in the financial services arena, Webtech Software’s Security Division also provides
e-business services for the Isle of Man Government.
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“We see a particularly powerful match between our own applications and Datanomic’s screening software,”
said Mark Mann, Managing Director of Webtech Software. “Our customers need to ensure they are compliant
with global screening obligations. Datanomic has a proven track record in the financial services
community, and is the market leader. By offering integration between our own products and Datanomic’s
sanctions and PEP screening platform, we will deliver even greater value for our respective clients.”
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Dr Jonathan Pell, CEO of Datanomic Ltd, added, “We see enormous potential in our partnership with
Webtech Software to help us meet the demands of the offshore financial services community. Webtech
Software brings both industry expertise and technical knowledge, and an in-depth understanding of
the wealth management sector. We look forward to a successful partnership as Datanomic continues to
expand its market reach.”
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As part of the agreement, Webtech Software’s consultants will be trained and accredited in
Datanomic’s dn:Director Sanctions & PEP Screening software for service delivery. Webtech Software
will initially focus on its clients in the Isle of Man, and subsequently look to fulfill similar
demand from its pan-European customers. The first joint customer, Nationwide International, will
go live at the end of May 2009.
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Datanomic’s dn:Director Sanctions & PEP (Politically Exposed Persons) Screening software enables
organisations to rigorously and systematically identify heightened-risk entities within their
customer bases. It relieves the burden of manual or semi-automated client screening by enabling
automated screening in an easy-to-use/easy-to-implement solution purpose-built for Compliance.
Datanomic includes powerful screening rules to match against both commercial and regulatory
body/Government watch lists, to deliver a highly intelligent data matching solution that is
designed for use by non-technical users.
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About Webtech Software
Webtech design specialist software products to support International Finance, Trust and
Corporate Service Providers, Banking, Pensions and the associated Regulatory Authorities.
Founded in 1992, Webtech has a wealth of experience with finance industry systems. Some
of the leading names in banking and insurance rely on Webtech applications to manage their
complex multi-currency investment structures. The team at Webtech boasts EC Council
certified ethical hackers and information security analysts specializing in penetration
and vulnerability testing of both applications and full computer systems.
www.webtech-software.com
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About Datanomic
Datanomic’s holistic approach to delivering fit-for-purpose data and screening accuracy enables
its growing list of blue chip clients around the world to achieve a rapid Return on Investment,
by exposing and correcting deficiencies in information their businesses rely upon, and by discovering
potential regulatory and legislative compliance data issues in line with proactive risk management.
Our clients come from a wide spectrum of industries including financial services, telecommunications,
government, healthcare, utilities, professional services and engineering.
www.datanomic.com
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For further information, please contact:
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