Temenos Financial Crime Mitigation

Fraud Detection – Suspicious Activity Prevention

S.A.P. uses a combination of sophisticated algorithms and expert business rules to block suspicious transactions based on real-time behavioral analysis. In this way it allows clients to identify in real-time fraudulent transactions as they occur. It uniquely builds user and customer profiles to detect and stop suspicious transactions. Looking at attributes such as balance, frequency, transaction amount, currency, and transaction type parameters can be combined and compared to “usual behavior” or predefined patterns.

The Peer Group Identifier (PGI) extends SAPs’ capabilities, by providing of a comparison of a customer’s activity to other customers who under normal circumstances provide a similar financial activity footprint, allowing banks to focus the detection and investigation efforts on the highest risk transactions. Once deployed, PGI provides a comparison of customer behaviour to that of their peers, or a time-based comparison of overall peer group behaviour. Therefore enhancing detection and improved alert quality.

Anti-Money Laundering – Profile

Profile is a pre-packaged anti-money laundering solution that provides web-enabled, end-to-end customer profiling and transaction monitoring which easily integrates into any core-banking platform. Full control is also ensured through flexible configuration as well as packaged report generation templates and customized reporting reduces data mining costs. Profile’s processing and detection engines are accurate, fast, easy to configure, and simple to use. It ensures clarity through comprehensive dashboards and reports.

The Peer Group Identifier (PGI) extends Profiles’ risk based approach capabilities, by providing of a comparison of a customer’s activity to other customers who under normal circumstances provide a similar financial activity footprint. Once deployed, PGI provides a comparison of customer behaviour to that of their peers, or a time-based comparison of overall peer group behaviour, therefore enhancing detection and improved alert quality.

Watchlist Screening – Screen

Using sophisticated algorithms, smart contextual whitelists, and robotic processes automation dramatically reduces overheads and costs by reducing “false positive” alerts. Screen protects your business by screening your customers and all types of transactions against watch lists (including sanctions). Its versatile, risk-based approach integrates lists from various sources; public, commercial or private applying geographical and business rules. Sophisticated algorithms and highly effective scanning methods deliver the lowest rate of “false positive” alerts in the industry without compromising your detection accuracy. Screen’s flexible workflow framework allows you to define roles/access rights, context-based validation and 2, 3 or any number of review steps (including 4-eye) with the objective of operator productivity and accuracy. Screen provides additional complementary features such as sophisticated wizards to further reduce false positives; a comprehensive solution for all your screening needs.

KYC & EDD – KnowCustomer Plus (KC+)

KC+ is a risk-based solution that allows banks to formalize information and calculate risk based on customer attributes. KC+ allows banks to formalize customers’ information according to their risk profile. At the account opening process, but also during the entire customer life cycle, KYC workflow builder is using configurable dynamic forms to enable tailored questions to each specific profile. More thorough and advanced than standard KYC (Know Your Customer) solution it uses a detailed matrix including the status, range, and counts to calculate the risk based on customer’s attributes. The system offers the ability to add search criteria filters or create, amend or delete assessments. It uses advanced and fully configurable algorithms to calculate compliance risk scores of new and existing customers based on the customer profile. In this way, the system provides greater flexibility, accuracy, and control.