Transaction Monitoring

AML Solution

Transaction Monitoring

Get an intelligent review of your organisation’s transactions, streamline detection and monitoring of suspicious transactions for effortless compliance.

Handle millions of transactions with ease and strengthen your defences

Fourteen years, thousands of hours in designing state-of-the-art infrastructure, and a vast experience of successful implementations around the globe, our Transaction Monitoring solution has been designed specifically to meet the needs of your compliance team.

Using the best-of-its-kind, simple to deploy technology, our platform enables you to systematically and intelligently review your organisation’s transactions with ease.

A crucial part of your organisation’s AML strategy, having a transaction monitoring system is essential for your compliance team to efficiently monitor financial transactions and detect any suspicious activities indicative of money laundering.Our advanced AI-driven technology allows you to conduct a deep analysis of your data to minimise false positives and negatives along with identifying suspicious activities that a rules-based system alone cannot.

Test new rules without hampering your daily operations
Minimise false positives
Reduce false negatives and ensure quality alerts
Improved decision-making with user-friendly AI insights
Manage your risks like a pro

FEATURES

Elevate your financial vigilance with our powerful AML Transaction Monitoring features.

Transaction Monitoring for Proactive Compliance

Gain unrivaled visibility into financial, digital, and non-financial transactions with a solution that offers near real-time, and batch-based monitoring. Detect suspicious activity linked to risky locations, unusual currencies, behavioral deviations, and new accounts with precision and efficiency.

Key features

Emphasizes the combination of near real-time, and batch-based monitoring capabilities.
Define precise rules based on your risk tolerance, allowing you to tailor detection parameters.
Uncover suspicious patterns associated with locations, currencies, customer behavior, and new account activity, ensuring dynamic threat detection.

Global Compliance and Tailored Detection with a Customizable scenarios library.

Aligned with global regulatory requirements, our TMS is equipped with a comprehensive library of pre-defined, rule-based scenarios that are easily customisable to match your specific compliance needs pertaining to all kinds of attributes e.g., customer, account, transaction, order, employee, trade cycle of the customer, fair market value etc

Key features

Access targeted scenarios designed around specific risk factors and regulatory requirements.
Fine-tune scenario parameters, thresholds, and triggers to accurately reflect your risk appetite and internal controls.
Analyze transactions and associated data points, enhancing your ability to identify suspicious patterns.
Mitigate risk by confidently addressing requirements of global AML/CFT regulations.

Streamline Alert Management with Role-Based & User-Based Assignment

The application allows for role-based / user-based alert assignment where alerts are assigned to specific roles of individuals within an organization for further investigation and action

Key features

Designate alerts to designated roles within your organization, ensuring they are routed to the individuals with the relevant expertise and resources to handle them efficiently.
Assign specific alerts to designated users, fostering accountability and ensuring relevant personnel are directly notified.
Eliminate unnecessary delays and confusion by directing alerts to the most appropriate individuals or teams.
Promote effective teamwork by facilitating communication and collaboration among individuals responsible for addressing the alerts.
Foster a culture of accountability by clearly assigning ownership for investigating and resolving identified issues.

Monitor and analyze cross-channel and cross-product transactions for enhanced risk mitigation

Our AML transaction monitoring system allows for the capability to proactively monitor cross-channel and cross-product transactions, ensuring comprehensive and real-time compliance. This feature ensures that all transactions, regardless of channel or product, are monitored and flagged for suspicious activity, promoting efficient and effective compliance processes.

Key features

Stay Ahead of Evolving Risks with Manual Alert Functionality

The feature to raise manual alerts highlights specific cases that may not be automatically detected by the system's rule-based monitoring to ensure no suspicious activity goes undetected.

Key features

Flag suspicious activity that may not be captured by automated rules, ensuring no red flags go unnoticed.
Empower your analysts to leverage their expertise and knowledge to identify unique patterns and potential risks.
Combine the power of automated monitoring with the valuable insights and judgment of your team.
Respond effectively to evolving risk landscapes and emerging suspicious tactics that may not yet be covered by automated rules.
Demonstrate a proactive approach to risk management, fostering confidence with regulators and stakeholders.

Ensure the effectiveness of your monitoring scenarios with our advanced test rule environment

The advanced test rule environment feature allows you to test a scenario along with providing users with tools for scenario tuning and optimisation.

Key features

Evaluate the performance of your custom scenarios and potential rule adjustments without impacting live monitoring.
Fine-tune your scenarios and identify optimal parameters through rigorous testing and analysis.
Mitigate the risk of false alerts by ensuring your scenarios accurately identify suspicious activity and minimize irrelevant notifications.
Gain confidence in your monitoring capabilities knowing your scenarios have been thoroughly tested and optimized.

The TMS system has the flexibility to configure and customize scenario rules based on your organization's risk appetite and regulatory obligations.

Ensure your Transaction Monitoring System (TMS) aligns perfectly with your organization's unique risk profile and compliance priorities. Our platform offers extensive flexibility to configure and customize scenario rules.

Key features

Define granular rules based on your organization's specific risk tolerance and internal controls.
Tailor scenarios to address specific regulations and ensure continued compliance in a dynamic regulatory landscape.
Configure rules around transaction types, thresholds, behavioral deviations, geographic risks, and other relevant criteria.
Identify even the most subtle suspicious activities through sophisticated custom scenarios.

Gain a comprehensive understanding of customer behavior with a holistic view of customer transactions and alerts linked to individual profiles.

Holistic view of transactions & alerts linked to a profile that provides a comprehensive understanding of a customer's transactional behavior and associated alerts.

Key features

Achieve a holistic view of transaction alerts linked to individual profiles for deeper customer understanding.
Obtain a holistic view of transaction alerts linked to profiles for proactive risk identification and mitigation.
Gain a holistic view of transaction alerts linked to profiles to facilitate efficient investigations and reduce resolution time.
Uncover trends and anomalies in customer behavior to detect potential suspicious activities.

Achieve Streamlined Monitoring with Comprehensive Data Integration

Data from various sources such as core banking, third party system and customer databases is imported and transferred into our TMS with one view per entity and scenario group.

Key features

Transaction Monitoring for Proactive Compliance

Key features

Emphasizes the combination of near real-time, and batch-based monitoring capabilities.
Define precise rules based on your risk tolerance, allowing you to tailor detection parameters.
Uncover suspicious patterns associated with locations, currencies, customer behavior, and new account activity, ensuring dynamic threat detection.

Global Compliance and Tailored Detection with a Customizable scenarios library.

Key features

Access targeted scenarios designed around specific risk factors and regulatory requirements.
Fine-tune scenario parameters, thresholds, and triggers to accurately reflect your risk appetite and internal controls.
Analyze transactions and associated data points, enhancing your ability to identify suspicious patterns.
Mitigate risk by confidently addressing requirements of global AML/CFT regulations.

Streamline Alert Management with Role-Based & User-Based Assignment

The application allows for role-based / user-based alert assignment where alerts are assigned to specific roles of individuals within an organization for further investigation and action

Key features

Designate alerts to designated roles within your organization, ensuring they are routed to the individuals with the relevant expertise and resources to handle them efficiently.
Assign specific alerts to designated users, fostering accountability and ensuring relevant personnel are directly notified.
Eliminate unnecessary delays and confusion by directing alerts to the most appropriate individuals or teams.
Promote effective teamwork by facilitating communication and collaboration among individuals responsible for addressing the alerts.
Foster a culture of accountability by clearly assigning ownership for investigating and resolving identified issues.

Monitor and analyze cross-channel and cross-product transactions for enhanced risk mitigation

Key features

Stay Ahead of Evolving Risks with Manual Alert Functionality

The feature to raise manual alerts highlights specific cases that may not be automatically detected by the system's rule-based monitoring to ensure no suspicious activity goes undetected.

Key features

Flag suspicious activity that may not be captured by automated rules, ensuring no red flags go unnoticed.
Empower your analysts to leverage their expertise and knowledge to identify unique patterns and potential risks.
Combine the power of automated monitoring with the valuable insights and judgment of your team.
Respond effectively to evolving risk landscapes and emerging suspicious tactics that may not yet be covered by automated rules.
Demonstrate a proactive approach to risk management, fostering confidence with regulators and stakeholders.

Ensure the effectiveness of your monitoring scenarios with our advanced test rule environment

The advanced test rule environment feature allows you to test a scenario along with providing users with tools for scenario tuning and optimisation.

Key features

Evaluate the performance of your custom scenarios and potential rule adjustments without impacting live monitoring.
Fine-tune your scenarios and identify optimal parameters through rigorous testing and analysis.
Mitigate the risk of false alerts by ensuring your scenarios accurately identify suspicious activity and minimize irrelevant notifications.
Gain confidence in your monitoring capabilities knowing your scenarios have been thoroughly tested and optimized.

The TMS system has the flexibility to configure and customize scenario rules based on your organization's risk appetite and regulatory obligations.

Key features

Define granular rules based on your organization's specific risk tolerance and internal controls.
Tailor scenarios to address specific regulations and ensure continued compliance in a dynamic regulatory landscape.
Configure rules around transaction types, thresholds, behavioral deviations, geographic risks, and other relevant criteria.
Identify even the most subtle suspicious activities through sophisticated custom scenarios.

Gain a comprehensive understanding of customer behavior with a holistic view of customer transactions and alerts linked to individual profiles.

Holistic view of transactions & alerts linked to a profile that provides a comprehensive understanding of a customer's transactional behavior and associated alerts.

Key features

Achieve a holistic view of transaction alerts linked to individual profiles for deeper customer understanding.
Obtain a holistic view of transaction alerts linked to profiles for proactive risk identification and mitigation.
Gain a holistic view of transaction alerts linked to profiles to facilitate efficient investigations and reduce resolution time.
Uncover trends and anomalies in customer behavior to detect potential suspicious activities.

Achieve Streamlined Monitoring with Comprehensive Data Integration

Data from various sources such as core banking, third party system and customer databases is imported and transferred into our TMS with one view per entity and scenario group.

Key features

TRUSTED BY

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WHY BENCHMATRIX

Global industry expertise

With 14+ years of experience in providing tech solutions & services to financial institutions around the world, we understand all possible the complexities and challenges.

Seamless integration

We understand the importance of ensuring your tools and processes work smoothly together. Our top-notch solutions seamlessly integrate your existing core systems, making work more efficient.

Cutting-edge technology

We leverage advanced technologies to help you stay ahead in the world of finance by empowering you to take control of operations, risks & compliance at all levels.

Scalable solutions

Ranging from small & medium sized enterprises to expansive global enterprises, our solution's adaptability and scalability enable us to mould them your way.

Dedicated support

From implementation to ongoing assistance, we provide exceptional support throughout your journey through a dedicated customer success manager for you.

Flexible deployment

We ensure you get the solution that is the right fit for your organisation. From on-premises deployment to cloud deployment, we are your partner in success.

Reach out to us

We’re happy to answer any questions you may have and help you determine which of our services best fit your needs.

Committed to delivering excellence

What happens next?

We schedule an introductory call

We do a
discovery meeting

We share a tailored proposal