Detect suspicious activity with a wide range of alert scenarios on transactional data that minimize false negatives and false positives.
Use pre-built rules, scenarios and risk models to get up and running quickly. Use common regulatory typologies or establish custom rules easily.
Run experiments with different rules and scenarios. Iterate to develop better models that minimize false positives and react to only relevant activity. Backtest models or run them in parallel to the models in production to learn how new changes would work.
Configure the client risk models and risk matrix that align with your business model and applicable regulation. Generate automated risk evaluations with the periodicity needed to take timely actions in your business.
Use pre-built risk factors including those required by global AML and Fincrime standards or build your own risk factors, no matter how complex or unique they may be.
Automate the execution of remediation controls to reduce customer risk and fincrime risk.
Execute watchlist searches in the onboarding process or establish periodic search programs to monitor customers as an ongoing concern. Automate all search processes or execute manual searches when needed.
Use preloaded watchlists or integrate your own provider. Create personalized lists manually or programmatically.
Watchlists are cleaned and normalized in order to apply matching algorithms based on statistical and phonetic proximity.
Automatically generate regulatory reports of your specific Institution type and regulatory requirements and execute the corresponding reporting workflows. Have all the tools you need ready to go for managing Investigations and committee meetings to anonymous reporting lines.
Configure alerts that remind the compliance team when regulatory reports are due so you can file on time and avoid fines.
Rest easy knowing that every action taken in the platform, every alert, dictamination and any report generated will have its unique and detailed audit trail.
Run Institutional risk assessment evaluations in accordance with the Risk Based Approach. Identify risk indicators, implement mitigation strategies and monitor residual risk.
Visualize how risk is trending in your institution and evaluate how effective different mitigation strategies have been.
Create reports of all risk evaluations for the right stakeholders.