Company

Compliance Technology making a difference...

You’ve come to the right place if you’re seeking high quality, feature rich solutions for your bank compliance needs. Ocean Systems, Inc. (OSI) is focused on automation and compliance, specializing in software solutions for the financial and banking industry.

Our modular product offering allows you to choose from a suite of interrelated products that may be combined to meet your specific needs. Our product suite includes the FedLink Wire Automation family of products, the Enhanced Compliance Solution (ECS) for BSA and AML monitoring, and the OFAC / PEP Server to facilitate the enhanced due diligence of your customers.

We distinguish ourselves in every installation by applying our expertise, and taking the time to integrate our products to your core systems and operations, rather than simply installing “out of the box” software. As a result, our bank customers significantly streamline their operations, minimize their operational risk, and achieve excellent customer service, while at the same time comply with all related regulatory requirements.

Our combination of products and the capability to select and integrate specific modules from our product suite, sets Ocean Systems apart from other solution providers.

Operating from its offices in Miami, Florida since 1991, OSI is a certified vendor of the Federal Reserve Bank. Our software products are installed both domestically and internationally in the United States, Central and South America, the Caribbean and Europe.

Our Mission.

Our group shares one common goal: to apply our experience, creativity and use of technology to provide and implement solutions that automate operations within the banking and financial industries. Our solutions are a balance between the need to solve problems in the short term while providing for future growth, an equilibrium between proven systems and new technologies.

Electronic Funds Transfer Products:

The FedLink Wire Transfer Automation product suite streamlines and secures your payment process while ensuring a compliance with the Federal Reserve and International Payment standards. Rich in feature functionality, the suite consists of the following modules:

  • FedLink Wire Transfer Core System
  • FedLink Anywhere for Customers and Branches
  • FedLink Direct Connect
  • FedMail Notifications
  • SWIFT Straight Through Processing (STP)
  • Multicurrency FX Payment Module
  • RETINA Fraud Monitoring

Compliance Related Products:

Our Enhanced Compliance Solution (ECS) provides for the proper due diligence of your customers throughout their entire lifecycle. Its suite of modules covers every aspect of BSA compliance from onboarding, periodic reviews, ongoing risk assessment, transaction monitoring, case management, and regulatory reporting:

  • Know Your Customer (KYC)
  • AML Monitoring
  • ONDECK - Onboarding
  • CERTIFY - EDD & High Risk Reviews
  • PREVENT - BSA Risk Assessment
  • RETINA - Real Time Fraud Monitoring
  • Regulatory Reporting - CTRs, SARs, FinCEN 314a

Watch List / OFAC / PEP Products:

The OFAC EDD Server screens your customers and transactions against sanctions lists published by the US Office of Assets Control (OFAC) and other sources. Customers are also screened for PEPs (Political Exposed Persons) and for negative media via interfaces to LexisNexis, Refinitiv Worldcheck, RDC, FACTIVA, and others.

Its Search History functionality is specifically designed to comply with FinCEN 314a requests and subpoenas by scanning client databases and transaction history. Actions and comments by compliance analysts during the review process is controlled via escalation and dual control.

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