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Financial crime compliance and risk management

Regulatory compliance in finance and risk management remains a critical requirement for banks and financial institutions. But in today’s fast-evolving, digital-first landscape, merely complying is not enough—they must stay ahead of the curve.

For most financial organizations, financial crime risk management and regulatory compliance remain complex, inefficient, and costly processes. With the right strategy and processes, companies can enhance the productivity of their compliance operations, saving untold millions in avoided sanctions, fines, enforcement actions, and remediation costs.

As regulations and data continue to grow in volume and complexity, compliance teams need scalable financial crime compliance solutions to evolve with their organization’s needs. Automation and artificial intelligence (AI), when incorporated into current practices, can help firms eliminate errors, improve cost-efficiencies, and optimize resources. Meanwhile, carefully calibrated risk models can enhance customer experience, creating a swift and seamless onboarding process for low-risk customers, while enabling teams to focus on those cases that require a closer look.

ÎÚÑ»´«Ã½â€™s approach to finance and risk management arms compliance teams with the regulatory expertise, technology, and industry insights needed to streamline their anti-financial crime programs, thereby enhancing overall customer experience.

    AI-powered AML screening for better risk management

    AI transforms AML compliance, automating sanctions and media screening to improve risk detection and reduce false positives

    ÎÚÑ»´«Ã½ on FCA’s Skilled Person Framework, UK

    We are delighted to be on FCA’s Skilled Person Framework (Lot E) via our acquisition of Exiger Ltd’s FCC Advisory Division

    Combating payments fraud

    Advanced AI and federated learning applied in the real world

    Be at the forefront of KYC transformation

    Accelerate your journey to perpetual KYC with a partnership-led sandbox

      Financial Crime Compliance Solutions: What We Do

      Our solutions elevate finance and risk management, utilizing advanced technologies and strategic partnerships to ensure comprehensive financial crime compliance.

      Enabling continuous monitoring, assessment and real-time response through pKYC.

      pKYC represents the new industry standard of KYC, making once static processes fully dynamic and adaptive.

      Through the integration of advanced data capabilities, pKYC enables continuous, trigger-based risk monitoring of all customers. With this enhanced functionality, financial institutions can respond to events and behavior changes in real-time – allowing organizations to recognize and react to suspicious activity the moment it occurs.

      ÎÚÑ»´«Ã½â€™s pKYC offer includes:

      Data aggregation

      • Pre-built integrations from hundreds of primary and premium data products covering even more jurisdictions, from corporate registries to stock exchange listings.

      Digital KYC profile

      • A digital profile for each customer with current data built into a platform used by AI models, allowing for omnichannel engagement between banks and customers in real time.

      UBO identification

      • Automatically search external data sources, minimizing client outreach and establishing ownership as well as control structures with diagrams to help teams visualize insights.

      Data management

      • Reduces time lag between KYC review and potential risk exposure of undetected and uninvestigated changes which maintains ongoing compliance.

      Automated record-keeping

      • Maintain accurate customer and counterparty records through an integrated workflow.
      • Reduction of false positives and due diligence review backlogs.
      • Permit automated performance of repetitive, routine tasks, freeing up time of analysts.

      Audit trail

      • Automated service that creates and maintains a dynamic audit trail, removing unnecessary due diligence and prioritizing investigation workflow provided by KYC analysts.

      We partner with RegTech leaders such as , and to help you through their AML/KYC transformation journey, offering cutting-edge financial risk advisory and compliance technology integration.

      Delivering end-to-end solutions throughout the Financial Crime Compliance lifecycle, our FCC Managed Services help institutions navigate the complexities of an ever-evolving regulatory landscape. In a world where transaction volumes and complexities surge, our expertly designed services support financial institutions in meeting the intricate demands of financial crime compliance efficiently.

      ÎÚÑ»´«Ã½’s FCC Managed Services are structured to offer seamless support across the entire FCC lifecycle, addressing both financial crime risk management and compliance, facilitated by data-driven decision-making, accelerated by technology-enabled workflows, underpinned by our centers of excellence, and enhanced through collaboration with seasoned subject matter experts.

      Our FCC Managed Services offer includes:

      Transaction monitoring

      • Handling transaction monitoring alert reviews
      • Overseeing case escalations
      • Writing suspicious activity reports seamlessly

      Due diligence

      • Counterparty due diligence
      • Third-party due diligence
      • End-to-end program management services

      Screening

      • We conduct daily sanctions and watchlist screenings for SWIFT messages, politically exposed person checks, negative news, and manage alert clearings.

      Through these tailored services, ÎÚÑ»´«Ã½ empowers financial institutions to maintain compliance, mitigate risks, and enhance operational effectiveness, positioning them ahead in the dynamic field of finance and risk management.

      Addressing gaps in program design through an analytics-led approach.

      ÎÚÑ»´«Ã½â€™s Advisory Solutions leverage cognitive computing and machine learning to strengthen anti-money laundering, anti-bribery, and sanctions risk management efforts across financial institutions. Our services streamline compliance audit, risk assessments, and technology integration to meet rigorous regulatory standards and improve operational efficiency.

      We help firms identify the risks and assess FCC control weaknesses, enabling them in evaluating controls, designing monitoring programs, and ensuring compliance across all defense lines.

      ÎÚÑ»´«Ã½â€™s FCC advisory offer includes:

      Compliance audit, assurance, and testing

      • We design, implement, and execute FCC audit and assurance programs in line with regulatory requirements and industry best practices.

      Compliance program design, reviewing, and testing

      • Conducting program reviews against industry standards and regulatory expectations
      • Designing and implementing FCC control improvements per regulatory requirements.

      Risk and gap assessments

      • Reviewing, designing, and enhancing enterprise risk assessment processes

      Independent monitorships and FCA skilled person reviews

      • Serve as a trusted partner to clients who are the subject of regulatory monitorships or self-appointed by companies on a proactive basis.

      Remediations/lookbacks

      • Uplift of KYC file completeness and accuracy to bring into compliance with global regulations

      Compliance analytics/ technology assessments

      • Identify, analyze and solve complex data and technology challenges covering to FCC models and screening and transaction monitoring systems.

      Compliance technology integration

      • Implementation and testing of technology to support compliance business processes

      Through these tailored advisory solutions, ÎÚÑ»´«Ã½ enables financial institutions to meet and exceed the evolving demands of financial crime compliance, ensuring they are well-equipped to navigate the complexities of the regulatory landscape.

      ÎÚÑ»´«Ã½â€™s Compliance & Risk Analytics services ensure that risk models not only meet regulatory standards like BSA/AML and OFAC but are also optimized to effectively identify and mitigate financial crime and fraud.

      In a world with evolving financial regulations, there is a growing need for addressing compliance standards, such as BSA/AML and OFAC.

      By introducing advanced model validation services and focusing on meeting standards, companies become better placed to streamline model outputs and thus highlight suspicious activities while minimizing false positives.

      ÎÚÑ»´«Ã½â€™s compliance & risk analytics offer includes:

      Compliance Technology Testing

      • We perform system evaluation, modeling, validation, testing and tuning for transaction monitoring models
      • Screening systems review
      • Customer Risk Rating Model review and stress testing
      • NY DFS Part 504 compliance assessments
      • Independent transaction monitoring functional testing and scenario replication
      • Above-the-line and below-the-line testing

      Compliance Control Framework Analytics

      • Complete data driven assessment of control frameworks
      • Coverage gap assessment
      • Model governance and conceptual soundness review
      • Management Information analysis and optimization

      Transactional Analytics

      • Deep wealth of experience analyzing cross-border, correspondent, securities and retail transactional activity
      • SWIFT message analysis and Tag 70/72 unstructured analysis

      Data Testing

      • Data governance review
      • Identification of Critical Data Elements
      • Data quality testing
      • End-to-end data lineage testing

      Our suite of analytics-driven services ensures financial institutions can meet the demands of evolving financial regulations while enhancing both financial services risk management and their overall compliance frameworks.

      Elevate your Financial Crime Compliance with ÎÚÑ»´«Ã½

      Leverage our expert finance and risk management consulting services to strengthen your financial crime compliance. Contact us today to implement proactive, cutting-edge compliance solutions.

      Awards and recognition

      Leader and star performer in risk and compliance

      ÎÚÑ»´«Ã½ awarded leadership rating in Everest Group’s BFS IT Services PEAK Matrix® Assessment 2023.

      Meet our experts

      Helen Jensen

      Vice President, ÎÚÑ»´«Ã½ Invent Sweden-Finland | Head of Insurance
      Helén is a Vice President at ÎÚÑ»´«Ã½ Invent, Sweden & Finland, where she leads the insurance practice – a part of the global ÎÚÑ»´«Ã½ Invent banking and insurance industry. She has over 25 years of experience in leading and managing transformation programs at insurance companies, banks and corporations. She has lead mergers from the beginning of the deal to the integration phase, run efficiency and development programs, and developed finance functions.

      Anne Lind

      VP & Community Lead, ÎÚÑ»´«Ã½ Invent
      Anne Lind has extensive experience in growing and leading businesses and professional services. During her career, she has worked as a trusted advisor to several global, Nordic, and Finnish companies on their various management and leadership challenges as well as large transformations. The experiences have shaped Anne into a savvy professional working together with C-level executives and board members, having a deep understanding of sustainable business transformations and skilled in architecting operating models, defining, and implementing new ways of working, and accelerating top-line growth as well as improving bottom-line and driving restructuring.

      Tea Silander

      Head of Financial Services Finland
      Tea has 20 years of experience in IT, mostly with Banking and Financial Services industry. She has held various positions giving her cross-cutting understanding of the market and ability to navigate both business and technical discussions. She has been advising and shaping solutions for Finnish and Nordic clients, building her an extensive exposure with technology led digital transformation of the industry. Her heart lits with the opportunities to leverage data and emerging technologies for business development. Her core expertise is with investment services and products, being an active investor since the last 25 years.

        Our Partners in Financial Crime Compliance

        We collaborate with leading technology providers to deliver robust financial crime compliance solutions and risk management strategies. Our partnerships empower financial institutions to enhance security, improve regulatory compliance, and streamline financial services risk management and operations through advanced risk management technologies.

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