The Wiz Sentri solution features network surveillance technology as well as regulatory and risk management that assists in mitigating compliance and operational risks associated with financial crimes, including fraud and money laundering.
Wolters Kluwer Financial Services’ Consumer Compliance and Financial Crimes Control Solutions business lines general manager Heather Czermak said that the platform enables better identify potential fraudulent activity in real-time for Texas Capital Bank.
"This will help them to realize a solid return on investment by helping prevent financial losses from fraud, as well as improving the trust and confidence of their customers and stakeholders," Czermak added.
The platform enables financial institutions to create and continually update profiles of normal customer, employee, account, loan and transactional activity.
The system notifies the institution when it detects suspicious or anomalous behaviour in a bit to prevent a possible financial crime.
