Financial Crimes

A centralized interactive analytical platform for stakeholders across AML, KYC, Fraud, and Market Surveillance functions, enabling FI to investigate complex fraud cases 40-60% faster.

Industry Challenges

IDEATION

ABILITY TO CONDUCT COMPLEX INVESTIGATIONS​

IDEATION

IDENTITY RESOLUTION FOR EXTERNAL DATA SOURCES​

IDEATION

EXPLANABILITY OF EVIDENCES TO REGULATORS FOR COMPLEX CASES​​

IDEATION

ABILITY TO FIND KNOWN PATTERNS EXPOSURE ACROSS CUSTOMERS BASE​​

IDEATION

DETECT NEW POTENTIAL SUSPICIOUS PATTERNS​​

IDEATION

RAPID RESPONSE TO REGULATORY REQUESTS​​

Our Thoughts Behind the Product

We have applied our deep understanding and expertise in conducting complex investigations of Fraud. A typical financial institution built its Fraud forte with three lines of defense in meeting its regulatory obligations and internal needs.​ Financial Institutions evolved their Fraud systems 1st by investing in a vendor solution or custom building a core solution addressing the core investigation needs, followed by a data platform solution and advanced analytics functions​. Our study found a significant number of gaps/opportunities that help financial institutions further advance their Fraud Investigations. ​

Save $10M - $15M annually with FCC

Speed to resolve Fraud Cases​

Preventing the Fraud cases​

Possible reduction in manpower

New risk models​​

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

FEATURES

Functions


  • Sanction Screening​​

    (Customer & Payment Screening Hit Investigation)

  • Transaction Monitoring​​​

    (Alert Review/Case Investigation/Special Enquires)

  • KYC​​

    (KYC Onboarding Review, Periodic reviews/ accelerated reviews)​

  • Fraud​​

    (Customer & Payment screening Hit)​

  • Market Surveillance​​​

    (Case Investigation/ Pattern detection)​

Users


Operations ​​

(Alert Reviewer & Investigator)​

3rd LOD​ ​​​

(MRMG, Internal Audit )​

Risk Mgmt. Team ​ ​​​

(2nd LOD)​​

Analytics​ ​​​

(Data Scientist, AML Risk Mgmt.)​​

Features


Graph Traversal​ ​​

(Intuitively travers node/relationship with filters, combine/expand nodes/relationships)​​

Graph Algorithms​​ ​​​

(Identify Customer’s hidden relationships & New Potential patterms leveraging graph algorithms)​​

Capture Story as evidence​ ​ ​​​

(Narrative functionality to capture graph & case narrative within tool )​​​

Enrich insights with External Data ​​​

(Marries internal customer, entity data with external sources to gain holistic insight for customer)​​​

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CUSTOMER SPEAK

Building FCC Knowledge Graph complements our current Transaction Monitoring, Sanctions Screening, and KYC platforms is the best self-funded initiative I have ever undertaken.


SVP, Risk & Complainace Technology A Medium Size Bank in US

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We are excited to Demonstrate the capabilities of the product.