Financial institutions are at an inflection point. Current anti-money laundering solutions rely on rules- and scenario-based techniques that generate ultra-high false positives rates and many manual reviews. These solutions can’t keep pace with the global trends towards more money laundering attempts, increasingly sophisticated layering schemes and more compliance requirements from regulators.
Feedzai Anti-Money Laundering
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HOW FEEDZAI FIGHTS MONEY LAUNDERING
How can financial institutions meet regulators’ growing demands without dramatically increasing headcount? One way is to invest in technology that exponentially improves alert rates. Feedzai Anti-Money Laundering does this by combining machine learning with insights and automation to provide the visibility and control financial institutions need to quickly adapt to new regulations, so they can stay compliant. For more information, see the product sheet.
Customer Due Diligence
Enable analysts to easily understand the behavior and relationships of all customers. Meet and exceed KYC requirements without increasing customer friction. Reduce manual reviews and focus on the important cases.
Transaction Monitoring
Holistically monitor all payments types across all your business units. Create unique customer profiles to track behavior over time and observe anomalies.
Sanctions Screening
Screen transaction and entity characteristics against lists of sanctions, PEPs, adverse media and more to stop suspicious activity in real time. Machine learning and standard integrations with top third-party products reduce false positives.
AGGREGATED ALERT INVESTIGATION SAVES TIME
VISUAL LINK ANALYSIS TO TRACE MONEY FLOWS
AUTOMATED COMPLIANCE REPORTING REDUCES REPETITIVE TASKS
POWERFUL MACHINE LEARNING TO KEEP YOU COMPLIANT
The only anti-money laundering solution to automatically incorporate all your data and operationalize it. Identity and report even the newest and most obscure money laundering patterns to stay compliant and maintain your reputation.
LEVERAGE HYPERGRANULAR INSIGHTS
Process hundreds of millions of Segment of One™ profiles in real time, across your entire business. Understand precise entity behavior at any point in time. Easily spot and stop fraudulent behavior.
REDUCE RESOURCE NEEDS
With automated SAR and CTR reporting, Feedzai AML automates the repetitive tasks of traditional AML solutions. This helps you assess more cases faster and get your investigations right.
OPERATIONALIZE ALL YOUR DATA
Combine KYC, business, account and payments information with customer risk ratings in one central place for a 360 degree view that lets you review activities and make decisions faster, supported by human-readable Whitebox Explanations.
MONEY LAUNDERING: A GROWING THREAT
Money laundering is evolving quickly to thwart existing rules-based detection capabilities. Criminals use evasion techniques powered by advanced technology. Money laundering schemes now go beyond trafficking, with successfully laundered funds often linked to bribery, influence peddling, corporate crime, or political intrigue. For financial institutions, these emerging threats are challenging to navigate and are compounded by real-time transactions and a fragmented payment market.
Over $800 billion is laundered globally each year.⁵
Money laundering activity increases 11 percent annually.⁶
Fewer than 1 percent of suspected funds are frozen or confiscated.⁷
IT’S NO WONDER CUMULATIVE FINES SINCE 2009 ARE EXPECTED TO
EXCEED $400 BILLION BY 2020
SEE FEEDZAI IN ACTION
Feedzai keeps banks safe from money laundering. We’ll show you how Feedzai Anti-Money Laundering works, in real time.
