AML Compliance & Customer Due Diligence Re-defining the Standard – Agile Optimization in AML Compliance
RiskShield AML Compliance solution is a flexible and intelligent monitoring platform that combines software technologies such as machine-learning, fuzzy logic, dynamic profiling and social network detection to closely monitor the behavior of customer accounts and transactions.
For too long, financial institutions have been working in silos when it comes to AML/CTF strategies. RiskShield provides managers with a holistic compliance process to best manage risk across all business lines and customer accounts
and delivers an enterprise-wide view on the customers and their portfolios. RiskShield equips financial institutions and other players in the market with improved controls in the fight against financial crime.
The benefits of having RiskShield for AML Compliance:
• A complete package solution that can be easily adapted to specific requirements
• False positive reduction using smart AI algorithms
• Data sharing between modules to make more accurate and informed decisions
• Flexible solution with real-time performance
• Possibility to enhance decisions with machine learning
- Advanced analytics
Unleash the value of advanced analytics to understand the costs of risks by using predictive modeling, simulations and data visualization tools.
- Transparent decision logic
Use easy to understand and user-friendly decision algorithms that can quickly adapt to new modus operandi of money launderers.
- Stop known AML patterns
Identify and in investigate unusual transaction patterns and customer behavior such as structuring, fund movements, high frequencies or related to high-risk areas.
- Automated link detection
Identify and link similar shared indicators between people, addresses, phone numbers and entities automatically.
- Holistic approach
Building a holistic view on every customer with automated risk classification and ongoing due diligence monitoring to detect and alert abnormal behavior.
- Business intelligence
Dig into detailed information and conduct searches through recent alert activities, identify trends and evaluate statistics using this powerful business intelligence tool.
- Flexible integration
Integrate into the existing payment and accounting system without impacting the IT systems with open and highly configurable interfaces.
- Social network analysis
Visually interact with data and analyze alerts to find any social links such as addresses, phone numbers, email addresses and more.
- Case investigation
Streamline alerts and case investigations with an integration case management tool to manage your information in any form, from any source, all in one single environment.
Do you have questions, comments or require more information? Please give us your feedback!