AML Cockpit

Centralized interactive analytical dashboards for AML stakeholders across three lines of defense.

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​​

STAKEHOLDER ANALYSIS DOCUMENT

AML COCKPIT ROADMAP​

IMPLEMENTAION PLANS​

PROPOSAL​

Request a Demo

We are excited to Demonstrate the capabilities of the product.