ARGO Data Resource Corporation and Intelligent Search Technology ARGO Data Resource Corporation teams with Intelligent Search Technology, Ltd. to add advanced identity searching and matching capabilities to its enterprise-wide financial services.
White Plains, NY, February 27th, 2005 - Intelligent Search Technology, Ltd. (IST) and ARGO Data Resource Corporation today announced a strategic alliance. Under the agreement, ARGO will use IST’s enterprise tool suite, NameSearch®, to fortify its anti-money laundering, terrorist discovery and government regulatory solutions. NameSearch® will be used by ARGO for interactive searching, merge/purge processing, real-time and batch duplicate record detection.
In utilizing NameSearch®, ARGO will be able to help its clients to minimize the potential for fraudulent activities and to significantly decrease the rate of mismatches and false-positive matches. The reduction
in false-positives dramatically reduces the expenses associated with the implementation of regulatory-compliance processing. The NameSearch® software suite contributes additional value by enhancing information retrieval and risk assessment.
When asked to comment, Richard Wagner, IST's founder and president said, “We are thrilled to work
with ARGO Data Resource Corporation and are looking forward to helping its clients achieve unparalleled
search accuracy and matching success.”
ARGO is the leading provider of best practices applications and technology, empowering top U.S. financial services companies to automate processes, increase efficiency and to optimize the use of their customer information. ARGO's enterprise-wide solutions support the expanding scope of financial products across all distribution channels.
Currently, ARGO’s prestigious client base includes 50% of the top 30 U.S. retail banks including: AmSouth, Bank of America, Bank One, The Bank of New York, BB&T, Comerica, First Hawaiian, HSBC, The Huntington Banks, JP Morgan Chase, National City Corporation, PNC, The Royal Bank of Scotland, SouthTrust, US Bancorp and Wachovia. For more information, please visit www.argodata.com.
About Intelligent Search Technology
Founded in 1993, Intelligent Search Technology, Ltd. (IST) has devoted its resources to the development
of high performance, multicultural identity search and matching software. IST is a privately-held company.
Its highly acclaimed identity search and matching engine, NameSearch®, adds intelligence to applications requiring efficient and accurate retrieval of identity data regardless of variations. With the development of MerlinMerge® SpeedPro (duplicate detection, merge- purge software), CorrectAddress® (address verification and correction software) and ISTwatch® (OFAC compliance and terrorist searching software),
IST has solidified its position as the technological leader in the search and matching industry.
