AML SOLUTIONS

AML TRANSACTIONAL MONITORING

PLATFORM

ONBOARDING

SANCTIONS SCREENING

AML TRANSACTION MONITORING

 

PLATFORM:

Identity link

Establish and validate your clients’ Digital Identity and assess their risk to financial transactions in real-time leveraging IdentityMind’s eDNATM database

superiorAML

Identify and alert banks, money transmitters, and money service businesses (MSBs) of potential money-laundering through transaction monitoring.

Verify consumers and their identities through Know Your Customer (KYC) for Domestic and International regulatory compliance

Fraud prevention

Prevent fraud associated with online payment transactions through eDNATM across any payment type from credit cards, ACH, digital wallets, bank accounts, wires, etc. Adapt in real time to new electronic elements introduced through the transaction stream.


Onboarding:

Build your digital identity

eDNA– build digital identity using eDNA resulting in pseudo anonymized identity

Partner ecosystem – ecosystem of 30+ partners to gather insights of all entities of a user

Reputation – calculated in real time using user entities, attributes relationship, digital identities network resulting in trusted suspicious digital identity

Business relevangt information – collecgt and associate additional user information for KYC


KYC & Monitoring:

1. Digital Identity Verification

Staged KYC

Risk based approach to balance the customer experience with needed due diligence

Risk Profiles

Risk profiles to have separate KYC rules for customer risk, products, regions etc.

Continuous Monitoring

Digital identity is continuously updated with user actions performed in client platform and through partner ecosystem i.e., sanctions, negative news etc.

Global ID Verification

ability to perform global digital identity verification

2. KYC PLUGIN

Plug and Play - KYC plugin is embeddable web plugin which provides all the functionality and user experience for customer onboarding and to perform KYC

Risk Based Approach - optimized to collect relevant information per region/country and risk based approach to perform CDD/EDD

Configurability - highly customizable to match look and feel of clients website

Image Capture Capabilities - enhanced image capture capabilities allowing better document verification results and facial verification


SANCTIONS SCREENING

Sanctions Lists - integrated with many sanctions lists and ability to consumer multiple formats

Updates - Lists are frequently updated i.e., in real-time or at specified interval based on the list

Applicability Configuration - ability to configure lists which should be applicable to a country or transaction


AML TRANSCATION MONITORING

1. Detect

Digital Identities – ability to identify user and associated risk using digital identities and reputation

Top-Down Approach – Risk Based Approach with AML Risk Profiles and Rules: Threshold, Historical Anomalies, Geolocation

Suppression Engine - Silent Alerts using RPA (Robotic Process Automation)

Bottom-Up Approach - ML Risk Based Transaction Grouping and Anomaly Detection

2. Investigate

User Centric Alerts – alerts are user centric vs. transaction centric

Regulatory Compliance SLAs - ability to set SLAs and track alerts/cases against them

Advanced Analysis Dashboard - – visualization graph of transactions, money movement, user behavior, link analysis

Workflow and Configurability - – tailor the solution per business needs

3. REPORT

REPORT– tailor the solution per business needs

Regulatory Filing (FinCEN) – automated regulatory filing of suspicious activity report (SAR), information is carried over from Case to SAR filing