TCS BaNCS for Compliance
TCS BaNCS for Compliance is an artificial intelligence-based regulatory risk compliance and financial crime detection solution that helps companies proactively manage money laundering risks. The solution is embedded with advanced analytics and a range of tools facilitating intense surveillance. This facilitates building explicit customer risk profiles.
The comprehensive and robust architectural design of TCS BaNCS for Compliance empowers firms to gain deeper insights into customers’ portfolios, thereby assessing and identifying potential risks.
- Sanction Screening & Watch-list Capture: Being list agnostic, the solution can ingest any number of regulatory, third- party, and user-defined internal watch-lists
- End-to-End KYC processing with an inbuilt engine
- Rule-driven parameters help provide a 360 degree view of the customer and meaningful insights
- Transaction Monitoring by generating behavior patterns
- Reporting & Audit
- Facilitates parsing of data via AML engines and simultaneously stores it in a blockchain network
- Designed and developed with the Digital First, Cloud First philosophy
- Mine Complex Data with a Web Crawler
- Enriched sanctions screening capabilities aid in efficient matching between customer and watch-list data
- Includes advanced analytics, proactive behavioral analytics, and sentiment analysis