World-Check Forms Strategic Alliance With eSum Technologies


LONDON, October 21 /PRNewswire/ --     World-Check, the leading global provider of risk intelligence,
and eSum Technologies Inc, a leading e-business solutions provider in South
Korea, have announced a strategic alliance that will offer a seamless
solution for customer and identity authentication screening against the
World-Check risk intelligence database.

eSum Technologies Inc. will market, implement, and support the
integration of the World-Check database locally to deliver an effortless
screening process for financial and non-financial institutions seeking to
enhance their existing Know Your Customer (KYC), Customer Due Diligence (CDD)
and Politically Exposed Persons (PEPs) verification processes.

"This partnership reflects our corporate strategy of aligning
with companies that are best-of-breed in their fields" said Daniel Peak,
Chief Executive Officer of World-Check.

We are delighted to partner with World-Check to offer a
powerful intelligence solution to assist clients in mitigating reputational
and financial risk," said Hwa-Seop Kwak, Chief Executive Officer and
President, eSum Technologies Inc.

ABOUT WORLD-CHECK

World-Check provides its global database of
heightened-risk individuals and businesses to more than 3000 institutions in
162 countries, including 47 of the world's 50 largest banks and hundreds of
government agencies. World-Check's database of known money launderers,
fraudsters, terrorists, narcotics traffickers, shell banks and sanctioned
entities is unparalleled in its depth, reliability and coverage. The
risk-relevance of its Politically Exposed Person (PEP) coverage is also
unsurpassed. World-Check's database is relied upon by institutions to enhance
their Anti Money Laundering (AML) and Know Your Customer (KYC) screening,
Enhanced Due Diligence (EDD), fraud prevention and Counter Terrorist
Financing (CFT) systems by efficiently screening customers, associates,
transactions and employees for potential risk. World-Check's intelligence
also finds direct application in PEP risk screening processes. World-Check
offers a downloadable data file for the automated screening of unlimited
records, as well as a simple online service for instant entity screening. For
more information please visit http://www.world-check.com

ABOUT ESUM TECHNOLOGIES INC.

Established in 1990, eSum Technologies Inc. is a leading
provider of e-business integration solutions and e-business consulting
services, to almost all major financial institutions in Korea, as well as
Government agencies, global corporations, and overseas companies. More
recently, eSum Technologies has leveraged its experience in payment
technology to become one of the leading suppliers of AML and KYC solutions
for Korean financial institutions, and increasingly government and
non-financial organizations. For more information please visit
http://www.esumtech.com

© PR Newswire Association LLC.

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