Quantifind for Alerts Management

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Overview

Triage Alerts on a risk basis to help manage a growing business.

Across all sectors of the banking industry, technology is enabling more and faster transactions and customer expectations on a frictionless experience is only increasing. At the same time, tightening regulations and regulatory enforcement is forcing greater scrutiny on all aspects of the business. Together, these trends are leading to a proliferation of alerts in the BSA pipeline. The effect is further compounded when the financial institution is actually growing its business. At some point, the growth in compliance costs becomes untenable and something has to give.

Quantifind’s Alerts Management solution addresses this growing crisis by automating the alerts triage process. Every alert is risk-rated based on a comprehensive review of both the details of the alert itself and the external exposure of the entities involved. Alerts with high SAR likelihood are fast-tracked to Case, low risk alerts are hibernated, and Investigators spend more time on the things that matter the most.

Key Features

Every AML alert is risk-rated and categorized based on a comprehensive review of both the details of the alert itself and the external exposure of the entities involved.

Alerts with high SAR likelihood are fast-tracked to Case, low risk alerts are hibernated, and investigators spend more time on the things that matter the most.

Quantifind for Alerts Management is enabled by suite of application interfaces purpose-built for today’s AML analyst. A configurable dashboard enables aggregate analysis and reporting, while a stack a workflow views enable drill-down from a lineup of the day’s alerts down to risks on individual subjects.

Key Benefits

High risk alerts are fast-tracked to Case while low risk alerts can be hibernated.