SECURING CUSTOMERS, COUNTERPARTIES, AND MARKETS

Actimize Alerts Case Management Implementation

Our financial crimes investigation platform for alert/case management and suspicious activity reporting (using Actimize eRCM) solutions include:
• Compliance with transaction recordkeeping and report requirements
• Filing suspicious activity reports related to suspicious customer activity
• Integrating subject historical research and findings to get a single view of anti-money laundering (AML) risk associated across the organization
• Integrating with transaction monitoring, teller, and web systems for daily feeds
• Creating multiple interfaces for alert and case management
• Designing workflow for alert and case management
• Having a suspicious activity reporting module with an escalation workflow
• Customizing ACTIMIZE dashboards for prompt and efficient management of alerts
• Containing an adequate system of internal controls

Actimize and Mantas^TM Implementation

Mphasis has worked on industry-leading platforms, such as MantasTM and Actimize, providing product implementation and operational support. Our Anti-Money Laundering (AML) services to leading financial firms across multiple business areas have:
• Supported complex worldwide operations of these organizations over many years
• Provided services in both the Information Technology (full systems development life cycle) and process management areas
• Offered expertise, which encompasses a wide spectrum of processes and functions within AML

Trade-Based AML with NextAngles™

Our Anti-Money Laundering (AML) investigation ensures that the use, source, and destination of funds do not involve any money laundering, enabling smooth business by tracking suspicious transactions. Our automated transaction monitoring of Trade-Based Money Laundering (TBML) generates industry-standard red flags, which enables organizations to:
• Generate and investigate alerts
• Discover missed elements
• Investigate the reasonableness of a transaction
• Encode new rules without dependency on the IT team

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AML Alert Investigation with NextAngles™

Using a knowledge-assisted process, we automate the lower-end of Anti-Money Laundering alerts investigation. Our solutions include:
• Complimenting existing investments in screening and case management systems
• Completing investigation reports with supporting evidence, learn from investigator's actions, and continuously improve pre-processing and screening of cases
• Providing supporting evidence, learning from investigators’ actions, and continuously improving pre-processing and screening of cases
• Designing a unique user interface around the ad hoc nature of the investigation and providing a comprehensive set of tools to drill down, analyze, and report on transactions and customer details
• Integrating with the NextAngles KYC module
• Generating complete customer and account-level risk and behavior profiles

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KYC (Actimize, BPS)

Our reimagined KYC offering can reduce operations cost while improving quality and transparency in the Know Your Customer (KYC) and anti-money laundering (AML) processes. It can help organizations:
• Comply with KYC regulations and case laws in relevant jurisdictions
• Maximize straight- through processing of customer analysis without having a negative impact on quality
• Reduce redundancy and unnecessary work through left-shift of all operational steps that have an impact on downstream tasks
• Learn and automatically repeat low-level knowledge work
• Source all internal and external information on the entity automatically with traceability
• Manage workforce smoothly with predictable processes
We upgraded Actimize CDD from a legacy version to the latest version for a large mid-west bank in spite of the unavailability of a direct upgrade path"

KYC with NextAngles™

Enhance operational efficiencies and reduce the cost of compliance for your firm's Know Your Customer (KYC) needs with this platform. Our capabilities will help you:
• Identify Beneficial Owner (BO)/Ultimate Beneficial Owner (UBO) for an entity and enhance the associated BO/UBO attributes for AML/KYC analysts
• Consolidate party data to provide a holistic view of a customer’s activity and risks
• Integrate third-party data to process and enrich KYC data for an entity
• Respond to external events related to clients proactively and use the same to re-calculate the risk score and recommend the overall impact of the news on the bank/financial institution

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Client Screening

Our client-screening (Actimize, Fircosoft - WLF & BPS - alert triaging) platform helps build a compliance platform to identify potential high-risk customers and suspicious transactions, to limit fraud and fight money laundering, illegal trafficking, and terrorist financing. We help organizations to:
• Meet compliance requirements
• Customize compliance requirements by maintaining
• multiple watch lists—sanction lists, Office of Foreign Assets Control (OFAC) lists, freeze records, Politically Exposed Persons (PEP) lists, and others, by geography. We also provided matching algorithms and customized rules
• Enable access through multiple channels"

Fraud

• Implemented Actimize IFM for a large mid-west bank for wire, ACH, sessions, and enrolment
• Supported Actimize IFM implementation at a Caribbean bank for sessions, wires, and ACH