FacctList - Watchlist Management Technology
Overview
A purpose-built watchlist management solution for Financial Crime Compliance. It provides a single platform to manage and optimise internal and external watchlist data for all institutions and multiple screening scenarios.
Key Features
- Comprehensive support for major watchlist aggregators
- Automated reconciliation with original sanctions sources
- Framework for standardised workflow, governance and QA
- Robust watchlist data completeness and accuracy checks
- Productised adaptors for seamless support of commercial watchlists
- Design multiple watchlist inputs for specific screening scenarios
- Build, maintain and manage multiple internal block and pass lists
- Integrated approval process with customisable workflows
- Point-in-time restoration of internal and commercial lists
- Management Dashboards and Analytics
- Streamlined workflow management with configurable multi-level approval flows for seamless integration
- Generates output for consumption by major screening engines
Key Benefits
- Near real time regulatory update
- Frictionless support of major commercial watchlist products
- Scalable platform with capacity to manage current and future demands
- Decreased over-screening leading to fewer false positives
- Enhanced efficiency with private list governance and minimized duplicate entries
- Enhances screening efficiency for optimized operations.
- Purpose-built WLM product providing increased functionality and defined opex
- Control processes that are resilient, explainable and demonstrable
- Capacity to support multiple and diverse screening scenarios
- Eliminate impact of over-screening but deploying data for specific needs, not one-size-fits-all
- Real time management information reports
- Ease of integration of output format with downstream systems
