Financial Crime Mitigation

Industry leading levels of detection accuracy and false positives

Industry leading false positive levels are achieved via sophisticated algorithms, smart contextual whitelists and robotic process automation, designed to dramatically reduce overheads and costs. Banks report double their hit evaluation efficiency (a 250% increase while head count is up only 30%). Efficiency is further enhanced through a proven combination of algorithms, rules and AI.

Outstanding performance and resilience

Vertical and horizontal scalability or SaaS-based scaling ensures Temenos FCM delivers a strong performance together with high availability, whether on-premise, cloud or SaaS. Trusted for its speed and resilience, the solution handles high transaction volumes and throughput and is relied upon by small financial institutions and large banks alike.

Proven behavioral analytics, algorithms and AI combination

Based on key metrics such as income, spending patterns, and transaction types, a unique financial fingerprint or “DNA” is created for each customer. Combined with pre-built typologies and self-learning algorithms, it enables financial institutions to distinguish between usual and unusual behavior.

Enterprise-wide solution

For all financial crime mitigation needs spanning watchlist screening, KYC, AML and fraud prevention, Temenos FCM provides a complete solution. Using a risk-based approach, it monitors transactions for continual risk assessment, enabling you to allocate your resources more effectively and focus efforts where they are needed most.

Flexible and configurable

FCM is a flexible and configurable solution designed for institutions of all sizes. It can be deployed on-premise, in the cloud, or as SaaS, minimizing implantation effort while maximizing efficiency. With highly configurable business rules, it supports region-specific requirements and integrates easily with any core banking system.

Easy to deploy, supporting gradual adoption and migration

Based on pre-built models that can be tailored to each bank or financial institution’s risk-based approach, FCM enables rapid implementation with minimal disruption, as well as the option to install only those components needed. The phased implementation also allows gradual adoption and migration at any level. Additional specialist advisory services are available through Temenos Professional Services, offering guidance on risk-based approaches to AML, sanctions and KYC best practices.

Enhanced user productivity with workflow management

Configurable workflow management designed to reduce the total cost of ownership by providing highly efficient processes for case management, alert management, and report builder. This fully flexible solution meets the operational demands of any financial institution.