Wolters Kluwer Financial Services

Press Release

Wolters Kluwer Financial Services Joins Forces With Safe Banking Systems to Enhance Identity Verification Solution
More than 180 Financial Institutions Now Using Tool Kit to Comply with New Requirements

MINNEAPOLIS . – Sept. 8, 2008 – Wolters Kluwer Financial Services announced today it has integrated Safe Banking Systems’ SAFE Advanced Solutions® suite of software and services into the company’s Wiz Sentri: RiskID solution. The Wiz Sentri: RiskID solution provides financial institutions with the framework to detect, prevent and mitigate identity theft in connection with new and existing customer accounts. By doing so, institutions can create a comprehensive and compliant Customer Identification Program (CIP) in accordance with Section 326 of the USA PATRIOT Act.

SAFE Advanced Solutions® is an integrated suite of software and services that helps financial institutions screen account applicants and account holders against databases of Politically Exposed Persons (PEPs), government sanctions lists, anti-crime lists and other watch lists to flag individuals deemed high-risk by a financial institution. The suite’s SAFE Exposure Index® applies a risk-based methodology to identify high-risk individuals and rank the relative risk exposure that these individuals might create for the institution. It also enables institutions to pinpoint customer profiles of greatest concern according to the institution’s specific risk tolerance versus sifting through mountains of data.

“By working with Safe Banking Systems, we’re helping our customers take a much more effective and efficient risk-based approach to identity verification and related list-checking,” said Todd Cooper, vice president and general manager of Wolters Kluwer Financial Services’ Financial Intelligence Unit. “We’ll continue to work with other industry-leading providers like Safe Banking Systems in the areas of fraud prevention and anti-money laundering in the future in order to provide the best possible solutions for our customers.”

“We are pleased to be working with a respected leader like Wolters Kluwer Financial Services,” said David Schiffer, president, Safe Banking Systems. “The natural synergy of our products has fueled a successful partnership. We are committed to delivering value-added solutions and advanced technology with the highest level of service.”

Wiz Sentri: RiskID is a web-based solution that helps institutions meet the Customer Identification Program (CIP) requirements of the USA PATRIOT Act as well as other regulatory requirements tied to the Bank Secrecy Act and the Fair and Accurate Credit Transations Act’s new Red Flag Rules. With a single sign-on, institutions can perform a risk assessment, verify identities, research high-risk individuals and entities and compare customer information to lists of known violators and various government lists. For more information, click here.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services®, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS and AuthenticWeb™ .

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and workflow tools, documentation, analytics, authoritative information and professional services. Customers include banks, credit unions, mortgage lenders and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.WoltersKluwer.com for information about our market positions, customers, brands and organization.

About Safe Banking Systems, LLC

Founded in 1998, Safe Banking Systems develops and delivers automated anti-money laundering and compliance solutions to banks, financial institutions and other business sectors. Its specialized solutions for advanced filtering, KYC/EDD and watch-list management help convert complex tasks into manageable processes that withstand regulatory review. The company is headquartered in New York. For more information about Safe Banking Systems, visit www.safe-banking.com.


Quick Links Media Contacts

Jennifer Marso
Director of Corporate
Communications for Wolters Kluwer
Financial Services
612.852.7912
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Charles Miller
Senior Public Relations Specialist
Banking, Mortgage, and Credit Unions
320.240.5457
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Angela Peterson
Senior Public Relations Specialist
Securities, Insurance, and Indirect Lending
612.656.7745
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