Transaction
Monitoring
Comprehensive Transaction Monitoring Rules for Banking, Payments, Insurance, Ecommerce, TBML, NFTs, Crypto Currencies and Investment Banks. DynamicRisk scoring and AI based anomaly detection lies at the heart of the system. Also provides Counterparty screening, AI-based threshold tuning and One click simulation of rules.
Super Benefits
Optimised Rule Set
AI/ML based enhanced Security
Gets Better with time!
Easy Analysis
Product Features
Intelligent Simulator
The simulator works on historical data and allows a dry run of scenarios on historical data and hence allows for bottomline testing as well as fine-tuning of the thresholds for the rule engine.
Customisable
IntelleWings let users design and implement their own customise the out of the box rule set based on multiple parameters. A nimble tech backend allows minimal turn-around times to respond to business and regulatory landscape changes.
Auto generation of all FIU, MIS reports
Auto generated FIU reports like: STR, CBWT, CTR, NTR, CCR etc. can be validated in a matter of seconds, ensuring that your business is protected from suspicious activity.
360 view
Every transaction is screened for all the parties involved in every transaction, and any engagement with high-risk counterparties is flagged.
AI Based Threshold setting
Our AI models help with auto recommendation of thresholds learning from past trends of false positives.
FAQs
What is Transaction Monitoring?
Transaction monitoring is the monitoring of all financial transactions initiated by customers. Such transactions can be securities trade, purchase of insurance, deposits, withdrawals, money transfers and all other such activities. Transactions are monitored to detect fraud or illegal activities by the Customers.
Why do I need Transaction Monitoring?
Transaction Monitoring is very essential to ensure that the organisation’s services are not being abused by criminals to launder money or fund illegal activities. The regulators across the world are becoming stricter and stricter and levying heavy penalties for lax Transaction Monitoring.
How are transactions monitored?
Usually transactions are monitored based on assessment of the product type; the customer’s business, profile and other details; as well as the customer’s historical behaviour.
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