With the criticality of Anti Money Laundering in today’s financial services and banking environment, the solution comes with features which not only make the financial institutions compliant to federal and international regulatory mandates, but also puts in place internal control and governance that tracks the suspicious behavior of customers or accounts or third parties involved in every transaction.

With amlPro you have:

• Scalability to accommodate increased traffic and accepting traffic from multiple hosts
• Centralized real time transaction filtering process
• Adoption of the organizational Know Your Customer (KYC) policies and regulation
• Adherence to the national and international laws on money laundering
• Detection of suspicious transactions
• KYC Due Diligence
• Rule based analysis of transaction data
• Reporting Suspicious Transactions to Authorities (STR)
• Reporting of all transactions above a certain value (CTR)
• Reporting of all Exempt Transactions (ETR)
• Customer Risk Ratings
• Bringing in ‘Best Practices’ for AML compliance and monitoring

Know Your Customer (KYCPro)

Know your Customer norms have become an integral part of the banking environment. We offer solutions that make banks not only compliant to regulatory mandates, but also simplify day to day operational activities leading to optimum banking experience for the customers and the banks.

The product offers a combination of increased efficiency with reduced cost by automating the compliance norms and due diligence practices in both front office and back office operations. The product empowers the financial institutions to maintain exhaustive data for existing clients and new customers across all business lines and enables transparency in the banking operations between the bank and clients and within the bank.

With KYCPro you have:

• Cost reduction by automating most of the manual tasks, eliminating repetitive tasks and providing for a paper free environment
• Exhaustive repositories containing customer data that can be referred for various banking operations saves repetitive effort on same procedures and saves back office processing time and increases front office revenues
• Elimination of redundant data, errors etc. and distillation of separate account agreements into single personalized document and creation of logs on actionable for future reference and review
• Reduction in repeat requests and touch points to the clients for information, providing for an improved and enhanced client experience
• Customized and flexible system that adapts to banking standards and processes at an international environment
• Integration of compliance norms with the already existing and functional client processes