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.
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:
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.
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
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.
Fighting financial crime is more than meeting compliance standards. Financial institutions need more responsive and effective measures to fight criminal activity.
Download our white paper to explore how financial institutions can combine the strengths of machine learning with data science techniques to create a sustainable model that better detects money laundering and reduces associated criminal activity.
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to develop comprehensive AML programs that take advantage of advanced AML technologies to overcome the limitations of outdated systems and manual processes while meeting the expectations of customers and regulators.
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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