Required ongoing surveillance of your high-risk customers can be a challenging, often manual process, with unusual activity often uncovered through general AML transaction monitoring. By analyzing all customers for risk factors, first-generation approaches generate large volumes of false positives, creating unnecessary EDD tasks, and costing valuable time.
Verafin’s targeted models provide powerful ongoing surveillance of high-risk customer accounts within specific high-risk categories to improve the quality — and reduce the volume — of high-risk customer alerts. Targeted models, continuous monitoring and integrated EDD workflows integrate seamlessly with ongoing high-risk customer surveillance to ensure you are reviewing the right customers at the right time. Analytics draw from the Verafin Cloud to intelligently evolve based on peer data, automatically updating the risk level of any customer demonstrating unusual or risky activity.