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Third largest bank in Monterrey, Mexico
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Our client, prior to partnering with InfrasoftTech, was using a monitoring tool for reporting suspicious transactions to regulatory authority. But due to its limitations in terms of accuracy of detection, teams manually monitored and analyzed transactions with the help of spreadsheets leading to inefficiencies in the regulatory reporting process. Thus, there was an urgent need for a solution that would facilitate regulatory reporting on-time and equip bank’s users with the appropriate data and analysis tools to investigate on suspicious transactions and customers.
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| Following are some of the key benefits realised by the bank: |
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- Automated AML checks during the client on-boarding process
- Maintenance of customer KYC profiles in lines with regulatory guidelines
- Flexible engine for risk scoring all customers and accounts
- Automated transaction monitoring in lines with evolving money laundering scenarios and typologies.
- User-friendly case management workflow across the bank
- Automatic generation of SAR templates in lines with regulatory requirements
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| Our client expressed high level of satisfaction on solution benefits, InfrasoftTech’s partnership approach, implementation experience and value add from our domain expertise. |
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| To understand how we can help you maximize your organisation’s investment on technology, write to us at corporate@infrasofttech.com |
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