DCI Announces Transition of BSA Navigator Product
DCI, a privately-owned developer specializing in core processing and digital banking solutions, has made a significant announcement regarding its BSA Navigator product. The company has decided to discontinue this product as part of a broader strategy aimed at enhancing its compliance ecosystem. This transition is set to take place, with full phase-out expected by the end of 2026, reflecting DCI’s commitment to adapt to the evolving needs of its users.
Partnership with RiskScout for Enhanced Solutions
To facilitate this change, DCI has appointed RiskScout as its preferred vendor for BSA/AML and fraud solutions. As a recognized technology company in financial regulation, RiskScout specializes in providing community banks with innovative fraud detection and comprehensive compliance resources. Their adaptable tools are designed to enhance operational efficiency while promoting regulatory compliance.
Strategic Evaluation Leading to Collaboration
DCI’s decision followed an insightful review of its options to best serve its customer base. Sarah Fankhauser, DCI’s President and Chief Executive Officer, emphasized the company's commitment to supporting evolving customer needs by evaluating various possibilities, from in-house development to forming meaningful partnerships. Ultimately, the collaboration with RiskScout was deemed the most beneficial approach to delivering superior, scalable solutions.
Joint Support for Community Banks
DCI and RiskScout have maintained a collaborative partnership for over three years, focusing on providing shared customers with effective fraud defense solutions and advanced reporting tools. As the BSA Navigator is set to retire, the combination of DCI's acclaimed core processing platform and RiskScout’s compliance solutions will enable community banks to achieve improved security and streamlined operational processes.
Commitment to Community Banking
According to Justin Fischer, CEO and Co-Founder of RiskScout, their collaboration with DCI embodies the essence of community banking. By working together, both companies aim to simplify compliance management and fight fraud more effectively, allowing financial institutions to concentrate on their core operations without the hassle of managing multiple systems.
Webinar Scheduled for Transition Guidance
To ensure a seamless transition, DCI and RiskScout will host a webinar designed to empower DCI’s clients with essential insights regarding the change. This event will take place on November 20, 2025, and will cover important aspects, including what to expect from this partnership, key steps regarding the discontinuation of BSA Navigator, and the advantages RiskScout's solutions will usher in for users.
About DCI and Its Offerings
DCI is renowned for developing the award-winning iCore360 core banking software along with iCoreGO digital banking solutions, tailored specifically for community financial institutions. The firm prides itself on being privately owned by its community bank clients. DCI is committed to integrating unique solutions that support various systems, including those from other providers, reinforcing its stance as a leader in the fintech space and dedication to collaborative partnerships.
About RiskScout and Its Expertise
RiskScout consists of a dedicated team, including former bank examiners and fintech developers, committed to enhancing efficiency within financial institutions. With a strong focus on customer satisfaction and success, RiskScout aims to simplify compliance-related processes and reduce operational costs, enabling banks to unlock new opportunities effectively.
Frequently Asked Questions
What is happening with DCI’s BSA Navigator product?
DCI will discontinue the BSA Navigator product by the end of December 2026 as part of a strategic plan to enhance its compliance offerings.
Who is RiskScout?
RiskScout is a financial regulation technology company specializing in compliance and fraud solutions for community banks.
How will DCI support customers during this transition?
DCI will hold a webinar to guide customers through the transition and provide updates about the collaboration with RiskScout.
What are the benefits of the partnership between DCI and RiskScout?
This partnership is expected to streamline compliance processes and improve fraud detection capabilities for community banks.
How long have DCI and RiskScout been partners?
DCI and RiskScout have collaborated for over three years to deliver effective solutions to their shared customers.
