Why choose the AML Solution?

The AML solution is a vertical one that influences the best business practices and unique technologies to help financial organizations comply with Anti-money Laundering regulations. The AML Solution put light on Know-your-customer profiling and Client Scoring and History. Against multiple watch lists and suspicious activity monitoring, it also provides AML Watch List Management via the client’s Transactional Behaviour analysis.




Key Features of AML Solution:-

Here’s a quick checklist of key characteristics of a good AML solution -

  1. Higher-level analytics
  2. Reporting features
  3. Extraordinary data management capabilities
  4. Instead of a strictly rules-based system, the use of artificial intelligence to discern anomalies in financial transactions
  5. A full-scale and future-ready digital platform
  6. Ease in maintaining the software
  7. Parametric excess doorway in various qualitative and quantitative dimensions
  8. Online fund transfer and customer checking against watch list presence
  9. The related mechanism for enterprising risk control
  10. Ease in updating the software
  11. Support of manual, local, and global watch list
  12. Tracking and scoring transactional and social customer behavior through questionnaires.
  13.  For further tracking and investigation, online and batch alert generation
  14. Transactional data processing in the direction of high transaction value and excessive transaction activity for customers.

What are the benefits of the AML solution?

There is an abundance of benefits of AML solutions. Some of the basic benefits of AML solution are - 

  1. The AML solution safeguards your business
  2. With the help of the AML solution, you get notified by alerts for any behavioral anomalies
  3. Transactions at any point are monitored by the AML solution
  4. It checks for cross-references in international watch lists 
  5. Helps in analyzing anomalies and patterns in legitimately suspicious activities 
  6. It provides a streamlined regulatory reporting capabilities 

With so many features and benefits, AML solutions have become the need of the hour. Reach out to the smart people at SMART Infotech to get expert advice on anti-money laundering aspects and stay immune to fraudulent practices. 


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