AML Risk Manager for Financial Institutions

Even as financial institutions expand their digital offerings to meet consumer demands, financial criminals are looking for new ways to exploit vulnerabilities for money laundering. But providing effective anti-money laundering (AML) risk management, and meeting the needs of the business and regulators, can be a complex and costly endeavor. 

To meet these challenges, financial institutions need proven technology from a proven partner.

AML Risk Manager from Fiserv is a comprehensive anti-money laundering solution that goes beyond traditional transaction monitoring to ensure regulatory compliance. AML Risk Manager enables financial institutions to:

  • Manage risk through ongoing monitoring and due diligence
  • Leverage enhanced analytics to minimize false positives and prioritize alerts
  • Access superior watch list matching capabilities, including higher-volume processing and faster performance
  • Achieve greater operational efficiencies through step-by-step alert management and investigation, built-in case management and configurable workflows
  • Screen, risk-rate and collect KYC information on all clients
     

AML Risk Manager also supports automated regulatory filing, such as FinCEN e-Filing, FINTRAC and more, as well as regulatory reporting for FATCA/CRS and SARS/STR.

AML Risk Manager helps you reduce risk and advance your anti-money laundering risk management program
 

Enhanced analytics and detection techniques to uncover previously hidden compliance risks, identify more suspicious activity and reduce false positives

 

Superior beneficial ownership tools and link analysis to support compliance

 

KYC scoring incorporates onboarding information and post-investigation intelligence

 

Robust profiling capability, including rolling time periods

 

Automated management and regulatory reporting and dashboards

 

Flexible platform that adapts to regulatory changes and optimizes operational efficiency

 

Comprehensive, integrated capabilities to effectively manage money-laundering risk and keep operational costs in check

Reporting and Enhanced Analytics

  • Detects financial crime through a multilayered approach that includes behavioral profiling, advanced analytics and risk scorecards as well as real-time, batch and peer group analysis
  • Provides an automated, predefined regulatory and tax compliance reporting plus customizable dashboards enable quick analysis and decisive action
  • Evaluates risk alerts, based on machine-learning models and informed by historical outcomes of investigations, to more accurately identify, prioritize and process those alerts

Learn more about enhanced analytics

Learn more about reporting

  


Monitoring

  • Increases accuracy and reduces false positives through integrated, customized alert and case management capabilities
  • Applies advanced inference strategies built on historical data analysis and outcomes of alert and case review to discover non-obvious transaction patterns 

  


Know Your Customer (KYC)

  • Allows you to create, complete, store and view custom due diligence questionnaires directly in the solution for easy tracking and paperless forms
  • Ensures mandated KYC data is collected for high-risk customers, including those in high-risk industries that require enhanced or specialized due diligence

   


Beneficial Ownership

  • Aggregates transaction data for regulatory reporting and exposes complex beneficial ownership structures through advanced relationship visualization
  • More effectively identifies financial ownership and controlling interest at owner-centric and entity-centric levels

  


Watch List Filtering

  • Reduces operational costs, mitigates compliance risks and helps achieve long-term regulatory, operational and IT objectives through innovative matching analytics and robust alert and case management feature
  • Screens data such as customers, accounts, counterparties, transactions and vendor information against sanctions and politically exposed persons (PEP) lists, as well as custom lists and those provided by third-party data service providers
  • Provides customer risk scoring

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Learn more about how AML Risk Manager for Financial Institutions takes an adaptive, comprehensive approach to reduce the risk of money laundering while keeping operational costs in check.

  

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Emerging Financial Crime Risks and Strategies for Financial Institutions

Fighting financial crime is more than meeting compliance standards. Financial institutions need more responsive and effective measures to fight criminal activity.

Read the White Paper

Insights

Advanced Money‑ Laundering Detection Keeps Pace With Bank’s Rapid Growth

Cadence Bank had big plans for growth. But its anti-money laundering (AML) solution couldn’t scale to meet its growth needs. The bank found an accurate and effective monitoring solution that supported growth in AML Risk Manager from Fiserv.

Read the case study

Addressing Key AML Challenges for Financial Institutions

Learn how to develop comprehensive AML programs that take advantage of advanced AML technologies to overcome the limitations of outdated systems and manual processes while meeting the expectations of customers and regulators. 

Read the white paper

5 Steps to Clean Data and Reduce Risk

Accurate data that cannot be manipulated is crucial to preventing financial crime. If your fraud or anti-money laundering (AML) program is undermined by poor data, then your organization becomes vulnerable.

Read the POV paper

Let us know how we can help

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