Financial Crime Management provides efficient & intelligent financial crime operations as a service

Transaction Monitoring Systems (TMS) used by financial institutions look at standard deviations, anomalies, and red-flag topologies. Being mostly rule based, they cannot assess a transaction in context of transaction patterns, customer risk score, past alert history, etc. These rules are designed to be overly cautious, as to not leave institutions open to a hefty fine should an instance of money laundering go unnoticed. Hence, more than 90% of the alerts generated by Transaction Monitoring System turns out to be false positive.

Our Financial Crime Management Solution has been built as a part of our Digital Banking Capability uses Hyper Automation – Artificial Intelligence, Machine Learning, RPA and a strong data foundation – created by way of a “Single Risk View of Customer”, to Identify True and False positive alerts and automate end-to-end processes.