Background
Currently, there are many FIU(s) worldwide using Anti-Money Laundering solutions in various capacities. These versatile systems provide flexibility and a high degree of flexibility. Their outputs can be largely enhanced by extending their functionality in certain areas. We have designed a set of additional tools (Add-ons) to enrich the ecosystem of these solutions and extend their functionality without altering their code-base.
FIU360 Connect
This add-on is a set of tools that fetches data either from financial sources, government database and/or open sources to enrich the reported data by reporting entities.
The data collected is integrated seamlessly into the Anti-Money Laundering system, which allows the analyst to Analyze both the originally reported data and the additional data collected by
the enrichment tools in one place. In addition, the FIU360 Connect addon can automatically collect data upon receipt of a report by the FIU or whenever the analyst needs additional information from the connected data sources.
Visualization
Anti-Money Laundering systems are delivered with their own visualization tool that visualizes some of the objects stored in their database.
We have extended this functionality by delivering a visualization tool that visualizes all the objects and relations stored in the system's database and can simultaneously connect and visualize data from other databases.
RBA Scoring
Anti-Money Laundering systems have a simple fact scoring matrix that can score persons, accounts and entities on 5 variables.
We have created a more advanced risk scoring matrix that utilizes more than 150 variables and combinations thereof.
Our risk scoring matrix considers the risks per reporting entity and legal entity reported as per your country's NRA findings. The resultant risk score can be calculated for any report type such as STR, TFR, persons, entities, and accounts.
The RBA helps your FIU great;y enhance the prioritization of reporting handling as high risk, medium risk and low-risk reports. It also significantly improves the intelligence generations function of the analysis department by providing a calculated score for each physical, legal person in your entire database automatically using advanced AI techniques.