Feature Sheet

Risk Surveillance

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Required ongoing surveillance of your high-risk customers can be a challenging, manual process, with unusual activity often uncovered through general AML transaction monitoring. By analyzing all customers for all risk factors, first-generation approaches generate large volumes of false positives, creating unnecessary EDD tasks, and costing valuable time.

Verafin’s targeted analytics provide your institution with powerful ongoing surveillance of high-risk customer accounts, with a behavior-based approach to monitor for changes in activity within specific high-risk categories. By tailoring analysis to the risk factors posed by specific high-risk customer categories, Verafin improves the quality — and reduces the volume — of alerts for high-risk customers. Targeted agents, continuous monitoring and integrated EDD workflows blend 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.

Tagged as...

  •   CDD/EDD
  •   High-Risk Customer Management
  •   Intelligent Segmentation

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