FICO® TONBELLER™ Siron® AML
Transaction Monitoring Based on Advanced Analytics.
Siron® AML is an advanced analytics solution to detect money laundering. It monitors customers, accounts and transactions with pinpoint accuracy for suspicious activity. Comprehensive investigation, visualization and case management functionalities allow to fully analyze alerts and support the decision process from invalidating a suspicion to electronic filing of suspicious activity reports (SAR) to the authorities. This proven end-to-end transaction monitoring solution helps AML officers to easily keep up with new threats and comply with ever-growing regulatory requirements in a cost-effective way.
Siron® standard research products are preconfigured for local requirements and include AML best practices gleaned from 1200+ customers around the world. This accelerates time-to-value and guarantees short implementation periods.
Adaptable to regulatory changes
Designed as a business solution that can be fully operated and maintained by the anti-money laundering department, allowing the user to configure any detection scenario via UI without any programming or IT-knowledge.
AML powered by machine learning
Reduces false positives while identifying new money laundering instances with the help of advanced analytics powered by data-driven machine learning algorithms and patented artificial intelligence IP.
By recording individual and group behavior over time, Siron® AML creates dynamic profiles and statistics based on customer, account and transaction data. The transaction monitoring system immediately detects changes in customer behavior and deviations from peer group behavior. Also, the system continuously classifies customers according to the risks they pose. This dynamic profiling is the basis for the automated application of appropriate customer due diligence according to the risk based approach recommended by international regulations.
Graphical rule editor to adjust the risk-based anti-money laundering strategy.
Workflow for suspicious activity reporting (SAR) in country-specific formats.
Due diligence functionality through custom thresholds for risk categories.
Collaborative profiling, behavior-sorted lists and self-calibrating outlier detection algorithms to understand customer behavior shifts in real time.
Predefined business rules to comply with the minimal statutory anti-money laundering requirements.
Link analysis to visualize payment flows and money-laundering networks.
Intuitive alert processing and case management.
FICO® TONBELLER™ Siron® KYC
A lifecycle solution to identify, verify and know your customer.
Siron® KYC is an end-to-end solution for managing KYC compliance throughout the customer relationship life cycle. It supports the risk classification process of new and existing customers, including audit-proof documentation. Siron® KYC utilizes third-party databases with ready-to-use interfaces to match customer information with sanction and watch lists, and to automatically identify beneficial owners and politically exposed persons (PEPs).
Faster customer on-boarding and superior data
Reduces the time of performing customer due diligence during on-boarding through real-time KYC checks and customer data improvements.
Quickly addresses regulation changes
Build-up institute-specific KYC questionnaires with an user-friendly interface and classify customer risk through easily adaptable rules and configuration capabilities.
Access to the latest customer risks
Automates customer risk reclassification by auto-checking for PEP and sanctions, and continuously monitoring KYC information against real customer behavior.
Siron® KYC supports enterprises through the critical onboarding process by identifying who is their customer and what is the customer’s level of money-laundering or terrorists financing risk. Easily adaptable Know Your Customer questionnaires are customized with necessary statutory requirements and industry standards to automatically determine the risk rating of potential customers.
Flexible integration for existing customers onboarding processes.
Automatically retrieves beneficial ownership.
Compliance with statutory customer due diligence for risk-based customer acceptance.
Real-time risk classification through default and customizable rules.
Designed to create and maintain dynamic Know Your Customer questionnaires.
Interfaces with research systems (e.g. Siron® AML) to detect deviations from the initial “intentional” description and the actual behavior of the customer.
Matches customer information with sanction and watch lists to identify criminals, and with PEP databases in order to comply with enhanced customer due diligence for PEPs.
Standardizes data from the core banking system to verify existing customers.