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Anti Financial Risk & Crime
Mitigate financial risk and crime
Financial institutions are the prime target of criminals – bearing valuable assets, personal information and moving financial resources for their operations. Banks need powerful, dynamic solutions to keep up with fraudsters, as well as regulatory requirements. However, this is difficult to achieve with siloed data, cumbersome, often manual processes, and inaccurate information.
This is why we have integrated a robust and dynamic Anti-Financial Crime capability right into our Cloud for Banking platform for advanced risk management. The real-time capability offers AI-driven reporting and workflow automation, harmonizing with both stand-alone and existing systems. Proactively tackle threats and ensure unparalleled compliance, backed by our centers of excellence for assured transparency.
Technology that delivers
cut in back-tested false negatives
governance and audit
reduction in investigative workload
Real-time fraud prevention
Real-time, fully integrated monitoring of customers and transactions empowering faster and better decisions. Inclusive checks are completed in real-time, with instant alerts to the team. Connect the dots between different alerts and transaction streams within the real-time investigative environment.
Integrate any and all data
Integrate open-source, real-time and new unstructured data from hundreds of sources into pre-trained threat models. Work with data as is and enable automatic remediation. This allows you to have a 360-degree view on risk management, all in one system.
Leverage the power of automation
Automate the full lifecycle of risk prevention from policy ingestion and implementation, to alert management and report file generation. Access highly effective screening via explainable AI, and drive down screening time for your team.
Future-proof risk management
Our flexible solution dynamically addresses future regulatory requirements and disruptive technologies. Extend your risk coverage easily to emergent threats. Balance risk while adapting to new trends, like instant payments via PSD2, SEPA or EPI, virtual assets and alternative payments and more stringent regulatory requirements on ultimate beneficial owners (UBOs) and illicit financial flows.
By streamlining compliance processes through automated anti-bribery control monitoring, we’ve reduced the time and effort spent on manual control maintenance by an impressive 82%, representing an effective solution within our digital transformation initiatives for conduct, financial crime, and compliance.
David Wu, Director of Risk Transformation, Standard Chartered
Comprehensive toolkit for financial crime prevention
The app is pre-integrated in SAP Fioneer’s Cloud for Banking platform. It can be used as a standalone solution, as an extension or replacement to legacy systems.
Combine a wide-array of use cases in one comprehensive solution, decreasing technology overhead and investigative workload for employees.
Develop unique intelligence
Leverage a highly intelligent solution, which continuously learns and improves performance while adapting to new market requirements.
Address regulatory requirements
Comprehensively address all regulatory requirements, including KYC-CDD, EDD, lists and PEP screening and media screening. Empower analysts and investigators with explainable AI.
Cross-functional use cases
- Integrated Risk Intelligence
- Conduct-Related Compliance
- Insider Threat
- Client or Counterparty Due Dilligence
- Transaction Screening and Monitoring
- Know Your Customer (KYC)
- Customer Due Diligence (CDD)
- Enhanced Due Diligence (EDD)
Regulations, products & services use cases
- Financial crime enforcement
- Anti-money laundering (AML)
- Bank Secrecy Act
- Office of Foreign Assets Control
- Political Exposed Persons
- Digital Assets and Property Transactions
- NPOs, Corporates, Trusts and UBOs
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