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American Education Services in Compliance With Innovative Systems; Student lending and services organization successfully implements i/Lytics SECURE(TM) to screen applicants against government-mandated watch list.

Publication: PR Newswire
Publication Date: 29-MAR-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
PITTSBURGH, March 29 /PRNewswire/ -- Innovative Systems today announced that American Education Services (AES), the nation's third largest student loan servicer and ninth largest student loan holder, is successfully using Innovative's i/Lytics SECURE software to screen its loan applicants against the U.S. Treasury's Office of Foreign Assets Control (OFAC) sanctions list. Additionally, AES is also screening loan applicants to the more than 200 lending institutions within its services network. Innovative Systems, a global provider of customer data integration and regulatory compliance solutions, has been providing business and technology solutions to the financial services industry since 1968.

AES implemented Innovative Systems' compliance software to ensure that no grants or loans would be extended to individuals on the OFAC sanctions list. In a competitive...

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