Numerous events like credit crisis in 2008 and the heavy level of financial services regulation created a perfect vacuum of innovation in banks. Banks and financial institutions have been barged with several new regulations, heavy fines and penalties for non-compliance. Which led them to pay more attention to their back offices and invest more on compliance and risk management programs than ever before. Hence, adoption of new technologies to facilitate the delivery of regulatory requirements is a must.
InfrasoftTech OMNIEnterprise® Anti-Money Laundering Solution
InfrasoftTech OMNIEnterprise® Anti-Money Laundering Solution helps to improve customer risk management for financial enterprises in the domain of anti – money laundering, compliance and reporting and several nuances related to personal and corporate lending.
The solution meets industry specific requirements for banks and financial institutions by detecting and analyzing frauds and risk exposure through integration of entire operations.
OMNIEnterprise® Anti-Money Laundering Solution is trusted by 150+ banks and ﬁnancial institutions across 36 countries for fraud prevention, detection and regulatory compliance.
Why InfrasoftTech OMNIEnterprise® Anti-Money Laundering Solution?
- Common risk platform that can be continuously upgraded to handle new regulations (e.g. FATCA, Beneﬁciary Reporting, 4MLD)
- Artiﬁcial Intelligence enabled to make sense of huge volumes of data at high velocity with self-learning capability
- Real-time and near real-time alerting capability for 24 x 7 channel traﬃc with ability to support high transaction velocity
- Complete coverage of FIU guidelines for banks, insurance companies, mutual funds, brokerages, currency exchange house and non-banking ﬁnance companies
- Comprehensive Case management & Workﬂow functionality with Role-based dashboards
- Implementations in multi-entity, multi-lingual and multi-currency environments
- Highly conﬁgurable rules engine
- 360 degree relationship coverage – Customers, Employees, Agents, Merchants
Business Benefits Gained
- Improved fraud detection
- Automated processing of complex fraud cases with machine learning
- Real time insights and fraud alerts
- Flexibility in deﬁning fraud detection rules
- Big data driven predictive analytics
- Multilingual support
- High performance benchmarking solution
- Agility to integrate with third party systems