Control and monitor correspondent banking FinCrime risk
Automated monitoring and reporting of a wide range of Correspondent Banking Key Risk Indicators (KRIs) against tailored risk tolerance thresholds.
State-of-the-art visualisation or risk-relevant data across your FI portfolio.
Expensive, long review cycles using limited data sets
De-risking and onboarding decisions driven by ad hoc and subjective assessment of risks
No tangible incentivisation in place for FI's to leverage the mitigation of FinCrime Risk, in their business relationships
Business model disconnected from financial crime risk management as it is treated as a matter of strict compliance
Lack of consistency in the customer onboarding and KYC/DD requirements across the portfolio
Onerous due diligence process even when financial crime risk is limited
Automate the holistic assessment of the risk associated with your portoflio of financial institutions
Inform strategic portfolio decisions on the basis of objective and data-driven correspondent risk scoring
Implement differential pricing for counterparties based on risk tolerance and holistic go-to market strategy
Cut through the noise and focus on key risk indicators and metrics relevant to your specific strategy and control environment
Consistent, cost-efficient compliance programme across your financial institution portfolio
Automate SWIFT RMA due diligence
Expand your business safely using benchmarked risk profiles of over 18,000 FIs