Velocity – AML (Anti-Money Laundering) Solutions Suite
Velocity – AML Solutions suite is a complete solution for regulatory compliance, used by financial institutions to screening, analyzing customer data and preventing terrorist financing.
It delivers highly accurate detection of suspicious activity,provides integrated case management, and a fast and effective automated suspicious transaction/activity report generation capability. System is capable on boarding KYC CDD/EDD and risk profiling.
Core functionality of the solutions is:
- Screening customer against various sanction lists like UNSCR, OFAC, Central bank and any customizable sanction list.
- Screening any type of transactional data like SWIFT, Remittance etc.
- Perform KYC management and onboarding CDD/EDD
- Capable transaction monitoring/profiling, detection of CTR/STR/SAR and review, Investigate and reporting to regulatory commission.
- Solution is automated workflow and workbench driven.
- Automated sanction list update and alert management capable.
Module of the solutions
- Customer screening and related report module
- KYC, CDD/EDD management and related report module
- Transaction monitor/profiling(CTR/STR/SAR) and related report module
- Case management module
|Velocity – AML Solutions Suite : List of Leading Clients|
|Agrani Bank Limited|
|Mercantile Bank Limited|
|Social Islami Bank Ltd. (SIBL)|
|Meghna Bank Limited|
|Royal Bank of Canada|
|TD Bank Group|
|Landsman Baden-Württemberg (LBBW)|