Apply AML, KYC and CFT Strategies
Implement strong strategies for risk management across domestic and cross border payments
Comply with Regulations
Report and manage suspected financial crime in-line with regulations and global sanctions
Reduce False Positives
Monitor transactions to accurately identify financial crime without increasing risk
Ensure Compliance and Mitigate Risk
Compliance is not a static state. The risks and penalties for failure to report or stop money laundering or suspected terrorism financing continue to rise and the speed and volume of transactions continues to grow. Keeping pace with regulatory change is critical for risk management and customer experience. USP Fraud Management ensures ongoing compliance.
Integrate with the USP High Value Real-Time Payments enterprise sanctions filter to provide a set of services that position financial institutions to minimize the manual effort required to screen suspicious items
Add rules in real time, enabling employees to address evolving reporting requirements, government mandates and new money laundering schemes
Maintain continuous regulatory compliance, avoid fines and improve straight-through processing rates (STP)
Establish an AML risk management framework for governance, assessment, detection, investigation and reporting
Leverage supervised machine learning with enhanced behavioral profiling for improved accuracy and operational efficiency
Manage compliance processes with complete case management capabilities with analytics and dashboards to facilitate auditing
Avoid “Rip and Replace”
Compliance with AML, Know Your Customer (KYC) and CFT/ATF includes requirements to report suspected financial crime in line with regulatory processes.
Gain a central repository for case activities to provide a complete history and fully centralized audit trail on all aspects of case resolution
Centralize control of and standardize investigation processes and activities to reduce exposure to compliance violations and fines
Run alert, queue, and case management from a single system
Support extensive reporting for full audit tracking
Centralize control of and standardize investigation processes and activities to reduce exposure to compliance violations and fines
Meet regulations with configurable user permissions, data masking and auditing options
Leverage a flexible API framework to integrate with systems for regulatory reporting
Enable KYC and WLM within AML Framework
A strong AML framework demands strategies for KYC and WLM. Complete screening against all sanctions requirements including Politically Exposed Person (PEP), Office of Foreign Assets Control (OFAC), Section 314(a) for Law Enforcement Information Sharing with the Financial Industry, Negative Media and all other organizational lists.
Perform customer due diligence and identity verification against source
Support enhanced due diligence for a Money Service Business (MSB) and high-risk profile transactions
Manage entity resolution for complete end-to-end AML and customer experience processes
ENABLE ENTERPRISE PAYMENTS
Explore More Solutions
Learn about our additional solution capabilities
USP Fraud Management for Banking
Real-time, machine-learning-driven fraud management solution for banks, processors, acquirers and payment networks
Consumer Payment Processing
End-to-end management of consumer payment instruments, banking channels and transaction processing for both cards and new digital payment types
Digital Overlay Services
Gain full value from your digital payments solution, drive new revenues and rapidly bring innovative payment offerings and value-added services to market
Payment Testing (ASSET)
Simulate and test all elements of the underlying payments infrastructure to ensure reliable and error-free payment systems
Payment Service Management
Integrated suite of advanced software products that provides in-depth monitoring and analysis of your payments transactions, applications and infrastructure
Ready to Get Started?
We are! Contact us today to put our expertise and award-winning solutions to work for you.