AML Cockpit

Driving Financial Institutions from Firm centric to Purpose centric​

The Product

Address the gaps in AML stakeholder needs and enabling financials institutions to rapidly adopt to the ever-changing regulator obligations while cutting the AML costs. A suite of innovative solutions for unexplored AML use cases addressing the gaps in stakeholder needs and enabling the financials institutions to rapidly adopt to the ever-changing regulator obligations while cutting the AML costs​

AML Trends & Challenges

Cost of Compliance vs Compliance Costs – Finding the right balance!​

Financials Intuitions have invested heavily into their AML and Risk programs to meet the regulatory obligations, yet they are paying significant penalties for non-compliance.


Financial institutions are pressed between:​

‘Cost of Compliance’
i.e., penalties imposed for non-compliance, topline and bottom-line impacts, reputational loss etc.,

Vs

‘Compliance Costs’
i.e., increased spend on AML operations, investment into AML Tech etc.,​


Financials Intuitions have invested heavily into their AML and Risk programs to meet the regulatory obligations, yet they are paying significant penalties for non-compliance.​ They are struggling to find means in meeting the everchanging regulators obligations while reducing the Compliance spend. ​

Our Thoughts Behind the Product

We have applied our deep understanding and expertise in conducting the stakeholder analysis of current AML adoption​. A typical financial institution built its AML forte with three lines of defense in meeting their regulatory obligations and internal needs.​ A typical AML maturity involves either investing in a vendor solution or custom building a core solution addressing the core AML needs, followed by a data platform solution, and advanced analytics functions​. Our study found a significant number of gaps/opportunities that helps financial institutions to further advance their AML effectiveness and efficiencies ​ ​

Driving Business Value Beyond Compliance


Improve Bottom Line​

Driving business value by improving operational efficiencies​


Avoid Financial Penalties​​

Driving business value by improving operational effectiveness and providing capabilities to adapt to new regulatory demands​​


Cost Avoidance​

Reducing the cost of compliance by minimizing the penalties, minimizing the reputational damages, and other non-compliance costs​​

Save $10M - $15M annually with AML Cockpit​

Speed to resolve AML Cases​

Preventing the AML cases​

Possible reduction in manpower

New risk models​​

Quick adoption to everchanging regulatory obligations & unforeseen events such as covod-19​

Features

AML Investigate​

(Accelerate Alert & Case Investigation)​

Tool for analysis that provides static to interactive visualization supporting Intuitive, Exploratory, and Multi-dimensions view to establish context of customer under investigation​


for AML Operations – Alert Reviewer/ Case Investigator

Operational Analytics​

(Analyst Productivity & Mgmt. Reporting)​​

Enables AML Operations (i.e. 1st Line of Defense) to look at analyst performance holistically through KPI & KRI reporting​


for AML Operations – Operation Manager​

Graph Visualization​

Enables Financial Institutions to establish contextual view of customer by collating internal/external systems data into comprehensive AML Graph Model supporting interactive graph visualization with analytical capabilities​


for AML Operations – Alert Reviewer/ Case Investigator

Regulatory Request​

Enables Financial Institutions to drive actionable insights (trends, risk exposure & suspicious patterns) from Industry SAR data (FinCEN Stats) by comparing it against Financial Institution’s SARs through analytics report based pre-built intuitive visualizations​


for AML Operations – Operation Manager​

Model Monitoring​

(Accelerate Alert & Case Investigation)​

Tool for analysis that provides static to interactive visualization supporting Intuitive, Exploratory, and Multi-dimensions view to establish context of customer under investigation​


for AML Operations – Alert Reviewer/ Case Investigator

AML Risk Management​

(Analyst Productivity & Mgmt. Reporting)​

Enables AML Operations (i.e. 1st Line of Defense) to look at analyst performance holistically through KPI & KRI reporting​


for AML Operations – Operation Manager​

Data Controls & Validation​

Enables Financial Institutions to establish contextual view of customer by collating internal/external systems data into comprehensive AML Graph Model supporting interactive graph visualization with analytical capabilities​


for AML Operations – Alert Reviewer/ Case Investigator

SAR Insights​

Enables Financial Institutions to drive actionable insights (trends, risk exposure & suspicious patterns) from Industry SAR data (FinCEN Stats) by comparing it against Financial Institution’s SARs through analytics report based pre-built intuitive visualizations​


for AML Operations – Operation Manager​

Get Started

Request for a Demo and a 2-Week pro bono stakeholder assessment to map and roll-out the AML COCKPIT solutions.

Assess

Conduct stakeholder assessment to understand their needs, map the AML COCKPIT solutions to their respective needs, and asses their readiness (Data, People, and Process)​

Prioritize

Prioritize the AML COCKPIT Solutions based on: Alignment with the larger AML Re-Engineering program roadmap, immediate business impact, and Readiness​​

Plan

Provide a roadmap for the overall AML COKPIT roll-out, and implementation timelines and project plans for prioritized solutions​​

Deliverables


STAKEHOLDER ANALYSIS DOCUMENT

AML COCKPIT ROADMAP​

IMPLEMENTAION PLANS​

PROPOSAL​

Request a Demo

We are excited to Demonstrate the capabilities of the product.