AMLOCK , our state-of-the-art Anti Money Laundering and Fraud Detection solution, streamlines your detection, monitoring and investigation operations. It is tailored for insurance, banking and capital market intermediaries like brokerages, mutual funds and registrars. It seamlessly integrates with our Insurance offering - PREMIA - and other leading Insurance management software.
The solution offers robust analytics in the Know Your Customer (KYC) and Transaction Analysis segments. Its advanced versions use Neural Networks for pattern recognition of transactions, use of monetary instruments, and dates of transactions, among others. It extensively uses Artificial Intelligence techniques and provides a wide array of predictive and early warning alerts. It comes with a powerful combination of proven anti fraud, anti money laundering and business intelligence utilities.
AMLOCK screens customer information against a host of published Control Lists, such as OFAC (SDN List) or FBI (FBI Control List) provided by regulatory authorities.
Absolute control over risks
It assesses risks at both account and customer levels. Its Risk Management Module incorporates Risk Ranking Matrices based on the accepted pillars of risk associated with customer relationship. This module can be customized to suit the policies of your organization.
AMLOCK profiles customers using the available static and transactional data. This helps in anticipating customer behavior and identifying deviant activities.
Keeping you alert - consistently
Its inbuilt Alert Scenarios provide you with tools to identify, redflag or block suspicious and fraudulent activity. You can configure and selectively apply scenarios to different customer categories. You can filter Alerts on various parameters, view full background information on each, delegate analysis and supervise alert resolution. Alerts can be configured on the basis of customers, counterparties, regions, employees and branches.