Apply financial crime risk benchmarking to cut through organisational friction and noise
A 360-degree financial crime risk quantification platform to identify, mitigate, and price financial crime risk exposure in real-time, for your bank, and for everyone you do business with.
Enhance regulatory compliance, automate EDD and customer onboarding with confidence, prospect new business and incentivise your business relationships in proportion to the financial crime risk they carry
Learn how our automated, data-driven approach can help your bank balance risks with growth.
A top European bank uses the EFI to analyse transactional activity for all its counterparties and affiliates.
The EFI's results validate and educate the clients' existing risk models while supporting the compliance teams focus on specific triggers and types of risk e.g. Geographic footprint. The client has gained substantial transparency and insight into some of their highest risk FI clients, enabling decisions around what to exit and what to retain with meaningful and auditable monitoring
The analysis of historic transactions showed that over three years, there was a 60 times increase in our client's exposure to specific patterns of high-risk transactions involving a counterparty bank in Malta. Because the increase was gradual, existing monitoring algorithms had failed to account for the changes in inactivity.
The client used our analysis to decide that certain counterparties were resulting in unacceptable levels of risk/rewards ratio. As a result, the client concluded two counterparty relationships.
Manual and Subjective Processes are grossly ineffective at tackling Financial Crime Risk
For banks, the number of customer and third part relationships are exploding in numbers and associated data and complexity
Despite heavy investments, the fines keep coming, & illicit payments continue unhindered
Automate own risk assessment
Better monitor my affiliates
Automate Enhanced Due Diligence on FIs
Replace site visits on FIs
Implement differential pricing based on risk
Review portfolio
Lower CB compliance costs
Automate board reporting
Monitor my compliance programme continuously
Prospect new clients at low costs
Expand my portfolio of FI clients
Strengthen my correspondent relationships
Offer better products to my clients (i.e. nesting/currency)
New correspondent relationships
Lower compliance cost
Lower payment costs
Be competitive in the market
Strengthen my regulatory relationship
Automate my risk assessment
Better monitor my affiliates
Automate Enhanced
Due Diligence on FIs
Replace site visits on FIs
Implement differential
pricing based on risk
Review my portfolio
Lower CB compliance costs
Monitor my compliance programme continuously
Prospect new clients at low costs
Expand my portfolio of FI clients
Strengthen my
correspondent relationships
Offer better products to my clients
(i.e. nesting/currency)
New correspondent relationships
Lower compliance cost
Lower payment costs
Be competitive in the market
Strengthen my regulatory relationship
