Alert Lens

Automated Alert Investigcation Management Solution

#AML Financial Crimes #AML Transaction Monitoring
#AML TM Alert Investigation
#AML Compliance

Energica’ Alert Lens solution is based on the confluence of cutting edge technologies and a wealth of knowledge accumulated on AML Alert Generation & Disposition functions over a period of time.

Alert Lens focuses on Automated Alert Disposition and employs a methodical approach through sophisticated Rule & Decision Engines, Third Party Search Engine and Analytics.

Our solution has been designed with the flexibility to customize regulations, scenarios, rules and red flags as per Bank and FI needs.

The Challenges

AML Transaction Monitoring: Challenges faced by the Banks & FIs

Challenges related to effectiveness and efficiency of AML transaction monitoring approaches tend to be incorrectly considered exclusively in terms of false positives and false negatives produced by existing transaction monitoring approaches by the Banking and Financial Institutions.

Data Gaps in TM Alerts like duplicate alerts due to look back period , missing transactions, data quality issues, invalid mappings and gaps in scenario coverage
Lack of documentary evidence to rationalize scenarios and thresholds chosen
Scenario coverage and thresholds not being optimized since initial implementation
Inadequate TM investigation practices ; decision errors
Insufficient and inconsistent investigation documentation
Lack of a proper monitoring of critical data elements for data quality and completeness
Insufficiently trained investigation staff
Lack of regular testing and continual improvements
Lack of statistical analysis to justify thresholds settings

Risk mitigation efforts should be structured and prioritized to address the multiple risks faced by institutions in relation to potential money laundering activity. These include the risk of regulatory penalties for missing suspicious activity or demonstrating inadequate controls, not limited to regulatory compliance but also to minimize the potential risks (Reputation, Strategic, Operational Risks..).

AML Transaction Monitoring: Enhance Your Risk Radar & Operational Efficiencies

Financial Institutions are faced with increasing challenges towards curbing money laundering inspite of putting several critical measures to improve the Transaction Monitoring process, Some of the key challenges are :

Increased regulatory compliance measures to detect suspicious activities
Ever Increasing Volume of Transactions & Too Many ‘False Positive’ alerts
Significant effort and cost is incurred in Dispositioning the alerts
The Manual process is inherently inefficient, leading to
Errors in human judgment / Less Accurate Dispositions
Lack of Adequate Monitoring
Failure to catch suspicious transactions
Dependence on highly skilled staff
Significant Increase in Turn Around Time (TAT)
Increased AML Investigation cost
Data Silos & Technology Landscape across Bank
Non availability of Feed Back Loop process to the alert generation system for optimizing the scenarios

The Solution

Alert Lens focuses on Automated Alert Disposition and employs a methodical approach through sophisticated Rule & Decision Engines, aided by a powerful Online Search Engine and Analytics. Our solution has been designed with the flexibility to customize regulations, scenarios, rules and red flags. As a result of implementing our Alert Lens

Alert processing and investigative operations, managed to minimize time, effort spent by investigators on low-value manual activities on the alerts generated through streamlined processes and cognitive decision management solution components.

Energica’ AML Alert Investigation Services & Solutions offers an automated alert disposition management for Financial Institutions.
Rule-based research and resolution: Rules are applied to the Alert data to speedily research and create accurate investigation reports automatically.
Alert investigation by automatically collating and analyzing relevant data for investigation while leveraging historical data to determine trends and hidden relationships.

Alert Lens Key Features

Automated Alert Investigaton & Disposition

Automated AML Alert Investigation
Handles large volumes of data on the fly

Digitized Rule Engine

Rule Based Alert Investiogation and Resolution.

Traceibility Matrix and Risk Evidence

Establishes the Traceability of Risks and Evidance.

Regulatory Compliance

Pave the way for Explainable AI on the algorithms implemented and enhanced AML Compliance.

Efficient Aler Closure Rates

Efficient Pre-Processing, Verification & Validation and Resolution thorugh historical data and customer segementations.

Alert Investigation Dashboard

Automated Alert Investigation Dashboard. Traceibility of Evidance and Risk at every stages of execution on Alert Investigation for Alert Closure and Escalation.

Efficiency and Productivity Gains

Providing Opprutunity of 70 – 80% alert closure rates.

Integrated Workflow & Document Management

Alert Lens provides a comprehensive mechanism of document management via your 3rd Party Screening solutions used by the Banks and Financial Instituions.

Analytics & Dashboard Reporting

Alert Lens provides you customized data driven deep insights from the Alert Data, Transaction Data and KYC Information.

Customer Segementation
Pattern Matching
Scenario Analysis
Transaction Alert Analysis
Historical Trend Analysis

The Benefits

Benefits & Value Proposition

Digitized Rule & Decision Engine

Explainable AI
Rule Based Algorithms & Machine Learning Techniques
Custpmizable Solution Yields effective outcomes

Automated TM Alert Investigatons

Automated AML Alert Investigation
Handles large volumes of data on the fly
Replaces the current manual investigation

Traceabiity Matrix and Rik Evidance

Provides the complete visibility into the terms and conditions (T&C) of all types of contracts .

Cost Reduction

Reduced Operational Cost
Minimize Compliance Risks
Reduce time to review alert by 30 – 50 %

TM Alert Backlog Reduction

Clears the Bank Transaction Monitoring
AML Alerts in a consistent manner
Move towards ZERO Target on AML TM Alert Backlog

Enhanced AML Compliance & Risk

Increased compliance controls
Automatic Reconciliation between Alerts
and Transactions
Traceability Matrix of Risk & Evidence

Expert Decision Management

Alert Closures | Escalations
Ability to Process Large Volumes of Data

Process Optimization

Process optimization, including scenario
development and calibration, monitoring, alert
management, and case resolution

Analytics & Dashboard Reporting

Deep Dive analytics,
Alert Investigation Dashboard
Monitoring, review or entity level control

Product Sheet

Alert Lens provides an Enhanced evidence gathering, cognitive investigation and automated alert disposition are components of our proprietary solution based on artificial intelligence (AI) and machine learning models. Robust entity resolution and AI-driven smart-decisioning for alerts dispositioned are designed to close the false positives /alerts efficiently.

Explore Energica’ Suite of Platform & Applications

Digital Customer Onboarding (KYC) Solution for Banking & Financial institutions

KYC Suite

Digital Customer Onboarding (KYC) Solutionfor Banking and Financial Instituions.

Energica’s KYCSUITE is specially designed for Banks & FIS with objective to reduce Turn-around time, quicker decisions, reduced operations cost.

AML Analytics

Our data visualization & reporting capabilities allow complex data structures, relationships, and trends to be viewed and provide deep insights for effective decision management to minimize the financial crimes.

Digital Customer Onboarding (KYC) Solution for Banking and NBFC

KYCSUITE for NBFC

Digital Customer Onboarding (KYC) Solutionfor Banking and NBFC

Energica’s KYCSUITE is specially designed for NBFC with objective to reduce Turn-around time, quicker decisions, reduced operations cost.

Schedule a demo

See for yourself how Energica can help your organization. Book your complimentary demo of our Alert Lens Solution.

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Who We Serve

AML Compliance & Risk Solutions

Energica Offers is a well-suited cloud based Digital AML Compliance & Risk solutions for

Financial Institutions
Fintech Companies
Regulated Industries
E-commerce Businesses
Healthcare Providers
Legal Services Firms
Real Estate Service Firms

Alert Lens

The Challenges

AML Transaction Monitoring: Challenges faced by the Banks & FIs

Lack of documentary evidence to rationalize scenarios and thresholds chosen

Scenario coverage and thresholds not being optimized since initial implementation

Inadequate TM investigation practices ; decision errors

Insufficient and inconsistent investigation documentation

Lack of a proper monitoring of critical data elements for data quality and completeness

Insufficiently trained investigation staff

Lack of regular testing and continual improvements

Lack of statistical analysis to justify thresholds settings

AML Transaction Monitoring: Enhance Your Risk Radar & Operational Efficiencies

The Solution

Alert processing and investigative operations, managed to minimize time, effort spent by investigators on low-value manual activities on the alerts generated through streamlined processes and cognitive decision management solution components.

Alert Lens Key Features

Automated Alert Investigaton & Disposition

Digitized Rule Engine

Traceibility Matrix and Risk Evidence

Regulatory Compliance

Efficient Aler Closure Rates

Alert Investigation Dashboard

Efficiency and Productivity Gains

Integrated Workflow & Document Management

Analytics & Dashboard Reporting

The Benefits

Benefits & Value Proposition

Digitized Rule & Decision Engine

Automated TM Alert Investigatons

Traceabiity Matrix and Rik Evidance

Cost Reduction

TM Alert Backlog Reduction

Enhanced AML Compliance & Risk

Expert Decision Management

Process Optimization

Analytics & Dashboard Reporting

Product Sheet

Explore Energica’ Suite of Platform & Applications

KYC Suite

AML Analytics

KYCSUITE for NBFC

Who We Serve