Compliance and Financial Crime Surveillance Solution (CFCS) offers a common platform to meet ever evolving AML compliance requirements and monitor financial fraud scenarios across customers, employees, agents and vendors. It is one of the very few global solutions that has been successfully implemented in multi-entity, multi-lingual and multi-currency environments and provides complete coverage of FIU guidelines for banks, insurance companies, mutual funds, brokerages, currency exchange house and non-banking finance companies.
OMNIEnterprise™ CFCS is an Enterprise Grade solution developed on a single core risk platform, the solution shares data services, event triggers, and activity profiles. It provides analysts with a single customer view and integrated risk scores for suspicious activities. As a result, firms benefit from developing a true enterprise-wide AML strategy for a unified defence against money laundering risk.
Comprehensive Case Management & Workflow functionality of the solution leverages web-based case management tool for efficient alert management, ad-hoc investigations, management reporting, and detailed audit tracking. Firms can also fine-tune thresholds and scoring formulas without the need for IT support.
Role-based dashboards help analysts and managers stay focused on high priority issues. Comprehensive reporting and dashboard functionality allows managers to quickly assess the overall effectiveness of the AML program and staff and take proactive steps to identify and resolve issues.