8February 2022want the solution to be affordable. CANCHEK's most popular package costs $1,200/year. This is affordable for the smallest financial institutions (and other types of firms now subject to the PCMLTFA) and scalable for the largest. But it is not just CANCHEK's fit-for-purpose product, but those who stand behind it, that appeal. Meet Ian Clark, CANCHEK's Chief Strategist and Queen Elizabeth II Diamond Jubilee Medal winner for his contribution to Canada's investment industry. In the 1990s, he founded and built the securities processing firm Dataphile Software Ltd. At a time of overnight batch operations and a standard five-day security clearing and settlement cycle, Dataphile was a standout for its back- and front-office real-time transaction processing ­just a handful of brokerage accounting services built in North America, and the only successful Canadian one that enabled not just brokers but also their clients to see where they stood minute by minute. Ian, with other Dataphile alumni, have broad credibility as they provide the technical and business expertise for CANCHEK.What explains Ian's success ­ his secret power ­ is his ability to see not just immediate but future needs, from not just one but many perspectives, as well as his broad knowledge of emerging technologies and drive for excellence. To understand how CANCHEK competes successfully with other enterprises vying for the top AML spot, think David and Goliath. Goliath's size and strength were no match for David's speed, commitment,and accuracy ­ traits that define CANCHEK owners. Another covert weapon, Ian says, is a bit counter-intuitive for a tech company: "While constantly updated technology is critical, what sets CANCHEK apart is also providing customers with expert advice, training and a share of volume discount savings on data. Even the growing number of larger customers, as well as smaller ones, find access to a friendly compliance expert, ready to provide guidance and answers, enormously helpful." CANCHEK President Larry Boyce, with his long career as a senior regulator, shares his unique judgement and expertise with customers. And CANCHEK can on occasion show its muscle ­ it successfully stepped in with a client facing regulatory challenges.CANCHEK took off when AML/ATF requirements were growing and showed a profit from its first year because the offerings AGE IS SOMETHING THAT DOESN'T MATTER, UNLESS YOU ARE A CHEESE... LUIS BUÑUEL Mr. Larry BoyceDirector and Co-founder, Canchek Corporation
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