Transaction Monitoring (TM)

Transaction Monitoring software is used in the fight against money laundering (AML) allowing banks and other financial entities to manage the risk of their clients’ operations in real time. By combining this information with analysis of historical information and account profile, the software can provide financial institutions with deviation from expected activity. In addition, you can generate reports and create suspicious activity alerts. These transactions may include cash deposits and withdrawals, wire transfers, and ACH activity.

Our suite includes access to information regarding sanctions lists, politically exposed persons and adverse media .

How does it work?

• Identification of suspicious behaviors , at the entity and end customer level.
• Increased automation:  Minimize unnecessary alerts by tailoring scenarios to customer or transaction risk and focusing on regulatory priorities.
• Increased efficiency over time: Allows rules to be adjusted without technical support.
• Trusted by regulators and banking partners: a “tried and tested” system with a clear audit trail of follow-up and investigations.
• Fast, easy, and secure: Easy-to-integrate REST API and batch file upload functionality.

Thanks to our alliance with Microsoft we are fully scalable. Security is endorsed by Microsoft Azure, where all applicable security standards and protocols in the cloud have been implemented. 

https://www.wetransact.io/