Combating Financial Crime
BAE Systems works with Financial Institutions around the world to help them combat financial crime and fraud in an environment of rapidly evolving regulatory requirements and changing financial crime patterns.
Faced with increasing transactions, evolving regulations, a growing number of payment channels, customer friction, investigation challenges and strengthening privacy regimes, Financial Institutions are under pressure to make more confident intelligence-led decisions to stop financial crime. And they need to do this at an unprecedented pace.
NetReveal® platform for anti-money laundering compliance and fraud prevention
NetReveal, our integrated platform for anti-money laundering compliance and fraud prevention in Banking, and Property and Casualty (P&C) Fraud in Insurance, provides a comprehensive range of solutions that can be deployed separately or collectively.
Recognised solution for detecting and combating fraud
NetReveal is used by major global retail banks, investment banks, insurers, and government organisations around the world to combat a range of threats.
It uncovers suspicious behaviour by identifying and scoring networks of customers and accounts across an organisation’s complete portfolio of products and brands.
NetReveal has been recognised by Aite Group’s Case Management Vendor Evaluation 2015: Keys to Enterprise Success Report as a leader in link analysis and visualisation for anti-money laundering (AML) and fraud prevention.
Aite Group also named BAE Systems a Leader in the AML Market and Leader in the Large FI Market in its Global AML Vendor Evaluation Managing Rapidly Escalating Risk Report 2015.
AML Regulatory Compliance
The NetReveal AML Regulatory Compliance Suite provides a set of enterprise grade solutions that can dramatically increase the effectiveness of your regulatory compliance function, reducing the cost, time and effort required to combat money laundering and prevent the flow of illicit funds through your systems.
It includes solutions for Enterprise Case Management, AML Transaction Monitoring, AML Optimisation, Customer Due Diligence/Know Your Customer (CDD/KYC), Sanctions and PEP Screening, Transaction Filtering, SAR Regulatory Reporting, and our Managed Analytics Service for AML Compliance.
The NetReveal property and casualty (P&C) Insurance Fraud solution provides insurers with the ability to quickly and accurately detect, investigate, and prevent insurance fraud, while minimising the impact on genuine customers.
It provides insurers with the ability to detect investigate and prevent fraud, at the point of claim, policy inception and even at point of quote, while at the same time minimising the impact on genuine claimants and streamlining them through the claims process.