Transaction Monitoring
Transaction Monitoring refers to real-time or “near-real time” analysis of financial or nonfinancial transactions to detect unusual account activity.
The Transaction Monitoring (TM) engine then generates exceptions (“alerts”) for activity meeting the “suspicious” rules criteria. These results are then fed into a case management system for review by compliance analysts.
Reducing false positives leads to less resources being required on the AML front.
Digileap’s TM Services
Digileap proposes and implements Transaction Monitoring solutions, including:
- Designing business attributes and scenarios for suspicious activities
- Implementing TM Rules Engine and Scenario setup
- Finetuning input parameters and thresholds
- Scenario and Model Validation
- Ongoing Scenario Tuning and Lookback
- Using Machine Learning to automate continuous retuning of scenarios and thresholds
- Program and Lifecycle Management of TM environment
Digileap provides expertise and development skills on:
- Actimize and SAS AML transaction monitoring products
- Builds adapters between Mantas and Actimize components
Digileap’s TM Product
Digileap’s Transaction Monitoring Product tracks transactions and other customer activities to detect potential money laundering, terror financing or sanctions violations.
The platform is quick to deploy and easily configurable to adjust to your business model and risk profile. You may use it as a point solution or to provide a holistic view of the customer’s risk profile throughout the customer retention lifecycle.
