Ambit BancWare Anti-money Laundering
Banks are required to monitor, investigate and report suspicious transactions to central banks or government agencies. Regulatory compliance around money laundering and terrorist financing is a major headache as it demands effective screening against watch lists and the monitoring and managing of vast volumes of transaction data. Ambit BancWare Anti-money Laundering gives banks AML automation capability and ability to help impose consistent AML approaches and best practices, standardize decision-making and maintain the integrity of audit-trails.
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Features
- Matches names from different languages based on phonetics and language-specific attributes against watch-lists
- Indicates customer risk, country risk, channel risk and product risk dimensions
- Provides ability to compare customer activity to peers as well as grouping customers into logical entities
- Provides full audit trail and records of past cases, alerts and regulatory reports for full auditability
- Includes integrated case management which facilitates the review and investigation of alerts using organizational best practices and processes
- Can be delivered in a Software-as-a-Service (SaaS) model
Benefits
- Acquire comprehensive and flexible AML detection
- Identify clear and accurate signals of absolute and relative risk
- Possess practical and analytic AML investigation capability
- Helps banks swiftly investigate and resolve cases
- Delivers ease of use via a browser-based user interface with friendly navigation and presentation
- Helps eliminate infrastructure and ongoing costs of software installation and maintenance through SaaS
Brochures & Datasheets