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Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
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Intersoft to Showcase US Patriot Act 312 and 326 Compliant Software Package at SIFMA 2008
A combined solution for single-byte (English) and double-byte (Japanese) databases

NEW YORK, June 11 /PRNewswire/ -- Intersoft is excited to announce the showcase of its new, packaged software solution, Hawkeye Anti-Money Laundering -- Know Your Customer (Hawkeye AML-KYC), at the SIFMA (Securities Industry and Financial Markets Association) Technology Management Conference & Exhibit in New York, NY from June 10-12.

Hawkeye AML-KYC simplifies all aspects of compliance and dramatically reduces damage from fraud, while its rapid processing system provides immediate solutions for any business and its customers.

With this new technology, users are able to better identify institutional risks such as potential fraud, intellectual property theft, money laundering, and other rogue activities, which could affect the company's business. It provides fast, reliable data and profiles of existing and potential customers, business partners, and employees through an integrated search of government reports and lists, news items, law enforcement agency records, and proprietary internal data including blacklists. Individuals and companies can be quickly evaluated via an easy-to-use and secure web-based interface, and batch submissions of customer or employee lists make periodic evaluations of entire organizations possible.

Hawkeye AML-KYC aggregates and integrates warehoused data from key sources of critical information for compliance professionals, such as:

Media and investigation agencies -- Databases of domestic and international newspaper companies -- RSS news feeds -- Credit records from investigation agencies Government agencies -- Patriot Act section 312 (Customer Due Diligence) -- Patriot Act section 326 (Customer Identification) Corporate internal data -- Blacklists -- Suspicious occurrences -- Fraud reports

Hawkeye AML-KYC is a new product designed to help prevent money laundering and fraud. It incorporates an advanced analytical language engine (single-byte for English and double-byte for Japanese/Chinese) that can recognize a variety of characters. Support is available both in English and Japanese, and support in Chinese and Korean languages is scheduled for later this year.

About Intersoft

Intersoft is a multinational software company that provides global banks, insurance companies and securities firms with comprehensive IT solutions focusing on corporate governance and transaction compliance. In addition to software products, Intersoft offers services and support for a broad range of requirements including offshore development in India. Additional information is available at http://www.intersoftkk.com/

Contact: Thomas Dalton Tel: 212.618.1504 or 321.482.6588 David Rakhit Tel: 408.895.1404 or 408.489.7272 Eiichi Horigome Tel: +81.3.5405.2326 or +81.80.6656.2288 E-mail: hawkeye@intersoftkk.com

Intersoft

CONTACT: Thomas Dalton, +1-212-618-1504, or +1-321-482-6588, or David
Rakhit, +1-408-895-1404, or +1-408-489-7272, or Eiichi Horigome,
+81-3-5405-2326, or +81-80-6656-2288, or email: hawkeye@intersoftkk.com, all
for Intersoft

Web site: http://www.intersoftkk.com/

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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