The improved system features predictive analytics, an enriched regulatory reporting console and additional risk-based scoring techniques, claims SAS.
SAS anti-money laundering’s new regulatory reporting console supports multiple forms and languages, and deals with new electronic filing systems which have been implemented by global financial intelligence units, said the firm.
The upgraded user interface provides speedy investigations through displaying all relevant customer information based on user roles, rights and privileges, to display key performance indicators of the most recent trends.
Its risk classification process regularly assesses a customer’s risk profile in a single data pass, based upon transactional behaviour or association with high-risk attributes, thus assisting institutions in monitoring high-risk peer groups uniquely.
Laurentian Bank was the first bank to combine SAS Anti-Money Laundering with two other solutions from SAS Enterprise Financial Crimes for Banking.
