Anti-money laundering
From Know Your Customer and customer screening to risk rating, Tietoevry’s AI-enabled AML suite enables real-time transaction monitoring and comprehensive case management.Financial services companies need to identify and control risks associated with money laundering and terrorist financing. They must also maintain full compliance with national and international AML regulations and rules. To achieve this, they need to balance risk management with effective use of their resources, delivering optimal outcomes at low cost and with high effectiveness.
Tietoevry Banking is one of the largest and most experienced AML providers in the Nordics. Since 2004, more than 140 technical experts have constantly developed a market-leading portfolio of AML tools that can be offered in conjunction with other components from the Tietoevry Banking software suite. These tools cover every step of the AML lifecycle from onboarding to case management and reporting as follows:
Sales Manager
Know your customer
Customer information updates via automatic renewal for accuracy and relevance. Seamlessly integrated with AML monitoring from screening to transaction monitoring and beneficial ownership ID
Risk rating
Accurate scoring and classification models from customer data, behaviour and typologies. Includes checking for Politically Exposed Persons and Ultimate Beneficiary Ownership of legal entities.
Transaction monitoring
Continuously upgraded real-time transaction monitoring with powerful AI that learns from previous AML and terrorist financing events, configured to fit existing systems.
The AML journey
Onboarding
Tietoevry deliver a complete KYC offering with customer onboarding and customer due diligence to get a full 360-degree customer view for enhanced customer life cycle management processes. The KYC service is fully flexible and collects all necessary information with complete audit log to meet our customer needs, while providing efficient and powerful case handling with automated processing for low-risk customers.
Customer risk rating
The CRR model provides market leading flexibility supporting any risk factors for obliged entities individual risk assessment and risk rating requirements. The CRR is a stand-alone modular API ready service, that easily integrated with any third-party application or data warehouse environment. We deliver fully flexible customer risk (CRR) rating covering all customer segments with full AML value chain integration.
Transaction monitoring
Our transaction monitoring solution for anti-money laundering ensures that customers can tune rules to their specific risk so that false positives can be decreased, and true positives increased. Coupled with our Customer Risk Rating the system will account for the individual customer’s expected behavior to support efficient and accurate decision-making.
Case management
Tietoevry seamlessly integrate data from throughout the AML value chain, irrespective of source, in order to support efficient decision-making. The case management interface is a all-in-one solution for customer information with automated audit logs.
Features
Adapted to you risk
Tietoevry's next generation AML solutions are efficiently adapted to customers risk and compliance needs to better fight financial crime
Superior expertise
Tietoevry has collaborated with customers to develop great anti-money laundering solutions since 2004.
Value chain advantage
As a end-to-end AML provider, Tietoevry Banking is experienced in drawing upon multiple sources to get the most out of customers’ data.
All-in-one case management
Data integration throughout the AML value chain allows for efficient case handling with all necessary information available in one place.