Our NetReveal AML Optimisation Module helps financial institutions understand, manage, and improve their anti-money laundering (AML) detection programs, enhancing compliance effectiveness while improving cost and operational efficiency.
Regulators increasingly lean on institutions not only to justify the rationale behind AML model changes, but also validate the efficacy of existing models and the assumptions upon which those models are built. Financial institutions require intelligent, data-driven tools to measure, enhance, and optimise detection logic for their AML programs, thereby reducing cost by identifying truly suspicious activity while also reducing risk both to the institution and those accountable for compliance.
NetReveal AML Optimisation Module
The NetReveal AML Optimisation Module provides a structured, user-friendly methodology to ensure the continued effectiveness and efficiency of your AML Transaction Monitoring solution, helping your institution enhance ongoing compliance, increase value, and minimise false positives.
AML Optimisation enables financial institutions to:
- Increase coverage – Create an AML program that is both more effective and easier to manage using advanced analytics to uncover risk across product lines
- Maximise analyst efficiency – Reduce analyst time spent on investigating false positives and focus on highest priority issues
- Reduce personal and institutional liability – Clearly demonstrate effectiveness, efficiency and ongoing process improvement, mitigating potential reputational and financial harm to both the institution and senior management
- Stay ahead of the curve – Adapt to the changing financial and regulatory environment with the flexibility to analyse, tune, test, and enact new rules in advance of internal and regulator audits
- Simplified production data synchronisation
- Alert trend analysis
- Scenario simulator
- Simulation visualisation and reporting
- Model management and change auditing
- Parameter tuning
- Backward compatible
Optimising your AML Transaction Monitoring Solution
The AML Optimisation Module works in conjunction with the NetReveal® AML Transaction Monitoring solution to analyse investigation outcomes and improve efficiency without compromising compliance effectiveness. Using advance machine learning techniques, AML Optimisation eliminates time-wasting trial and error, providing analysts with recommended model configurations and the means to test, simulate, and export into production all while maintaining a record for audit.
We also offer related Financial Crime products:
- AML Transaction Monitoring
- Sanctions & PEP Screening & Watchlist Management
- Customer Due Diligence (CDD) / Know Your Customer (KYC)
- FinCEN SAR Module