Compliance & Fraud
In2IT acknowledges the need and urgency of our customers to implement Fraud & Compliance solutions to address all business and regulatory requirements. The Fraud & Compliance solutions that IN2IT offers, will enable our customers to achieve strategic objectives and mitigate fraud losses.
Both these solutions use multiple detection methods and faster processing, which will allow for the identification of risks across products, customer portfolio’s and within very large sets of data without, sacrificing performance or requiring extended analysis timeframes.
The AML (Anti-money Laundering) solution includes components for data management, detection and alert generation, alert management, case management, along with category-specific workflow, content management and advanced analytics, including social network analysis. An IP package will be delivered as part of the proposed solution which focus on transaction monitoring and will contain data models, rules, scenarios and techniques that are specific for this area of compliance. The system is built upon proven technologies of data management, analytics, and reporting.
The CDD (Customer Due Diligence) solution rates new customers and updates the customer scoring, based on key events that could affect the overall risk of customer relationships. The solution functionality is designed to provide a system that:
- Accurately scores customers for risk on a continuous on-going basis.
- Identifies high-risk customers and proactively mitigates those risks.
- Provides up-to-date risk scoring and reporting across the entire customer base available at any time.
- Robust analytics and dashboard reporting
- Source data from multiple systems (mainframe, server, desktop)
- Meet regulatory retention requirements
- Meet security requirements
The Fraud solution provides an early warning of emerging threats and aids in mitigating fraud losses. The end-to-end framework provides for better fraud detection and greater operational efficiency across multiple channels and products. In2IT customers will detect more fraud and automatically reduce fraud losses. The fraud solution uses multiple techniques like automated business rules, predictive modeling, text mining, database searches, exception reports, network link analysis etc. to identify suspicious activity with greater accuracy. The solution provides a view of cross-brand/product fraud by viewing customer accounts and transactions for all lines of business in one consolidated view. In2IT customer will enjoy the benefits of improving investigators efficiency, reduce false positives and gain a competitive advantage.
In2IT has dedicated staff i.e. Fraud SME, business analysts, project managers, technical staff and solution experts to ensure, that the Compliance and Fraud solutions are implemented within the specified timelines. Our committed In2IT staff will ensure that all requirements are documented, understood and signed off by the relevant teams.
The In2IT team continuously engage with our customers during the implementation of the solution and are determined to provide assistance in all matters of the project. We are determined in ensuring that post implementation our customers have the ability to use the Compliance and Fraud solution with ease and comfort.
In2IT Compliance and Fraud solutions ensure that our clients will enjoy the benefits of an up-to-date tool, along with satisfying regulatory requirements and enhancing operational effectiveness.
