TCS BaNCS’ compliance offering is a proactive, web-based, enterprise-wide solution for monitoring money-laundering activities across various business lines such as retail banking, corporate banking, investment banking, cards, insurance, etc.
The TCS Advantage
Our solution is unique in the following ways:
- Complies with all AML regulation requirements across the globe to help banks in any geography
- Highly configurable and intelligent solution with in-built detection mechanisms which can track and sift out fraudulent transactions with clinical accuracy
- Uses artificial intelligence for character profiling, which is then used to detect anomalies from the expected behavior of the customer
TCS BaNCS for Compliance functionalities can primarily be categorized into the following segments:
- Watch-list scanning
- KYC / customer due diligence
- Customer profiling
- Configuration of business monitors (rules) and administrative roles
- Transaction monitoring
- Alert generation
- Alert investigation
- Regulatory and ad-hoc report generation
Enterprise-wide compliance - Single, enterprise-wide, holistic view of the customer ensures compliance with BSA, USA Patriot Act, FATCA, BASEL III, etc.
Advanced watch-list scanning - Complex algorithms to handle spelling variations, aliases, phonetic variation and alternate names scan customers and payments for suspicious or fraudulent activity.
Intuitive customer monitoring - Clustering algorithms group customers together, analyze their financial DNA and detect unusual transactional behavior.
Risk-based profiling - Advanced tools like link detection, statistical modeling, transaction tracing, etc. assess the risk associated with new and existing customers.
To know how TCS BaNCS can help you eliminate risks and develop a competitive advantage, email us at email@example.com.
View Brochure: Compliance solution from TCS BaNCS