Use RiskScreen In-life Monitoring to manage the risk of end-customer and supplier relationships on a ‘live’ basis from the beginning to the end of their lifecycle. The on-premises system is the hub for your AML risk management efforts, processing data from multiple sources to provide a live picture of risk.
RiskScreen In-life Monitoring delivers its capabilities by way of a number of interlocking modules that include profiling, alerting, registers and reporting. Each module can be licensed separately, or taken together with our RiskScreen onboarding or batch screening solutions, to build a complete AML ecosystem.
Create bespoke data structures to capture relevant information on risk and KYC status for multiple entity types.
Create and target alerts for specific users or user groups for handling.
A suite of configurable reports built for your bespoke requirements in the course of implementation
Import, maintain and capture new entries to all compliance registers in use across a customer’s business
Many firms struggle to meet compliance obligations, hindered by legacy IT systems. Some firms store data across multiple platforms, and in hard copy, making timely extraction and analysis of data near impossible. This results in an ever increasing compliance head count to try to manage these inefficient data handling processes and, ultimately, an inability to react quickly to shifts in the risk environment.
RiskScreen seamlessly integrates the collection and analysis of risk data from all underlying systems, producing best-in-world live MI, and a typical 95% data mining time saving compared with existing manual processes.
RiskScreen has given us the ability to manage customer risk in real-time. We initially implemented it to help the compliance function with customer lifecycle management but have since added an API link to enable real-time risk rating of new customers as part of a live onboarding process.
We’re now planning to roll out access within the business to the first line of defence.
RiskScreen’s award-winning AML compliance platform can be taken in modules or installed as a fully integrated solution.
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