Digitalize Money Service Business
OmniAmla platform includes monitoring mechanisms that allow customer risk profiling using a variety of customizable scales based on transaction attributes, sanction violations, PEP etc. The Rule-Based Engine, allowing the users to create scenarios/ rules which can examine transactions across all product offerings. The system allows Compliance Officers to configure filters as per statutory requirements from time to time by themselves. Transactions violating tolerances are marked as suspicious and added to the Case Pool for investigation and Suspicious Transaction Report generation
Features
Consolidated view of customer’s transactions and profile to ensure that all the transactions (remittance/money exchange/wholesale Bank Note) performed by the customer through various channels is captured for analysis
Built-in agile transaction monitoring and risk scoring tools for all transactions and manage risk through ongoing monitoring and due diligence
Enhanced analytics to detect previously transaction history, tagging of suspicious transactions to minimize false positives to achieve operational efficiencies
Detailed scanning of customer names against Sanction List, by utilizing state-of-the-art phonetic search algorithms
Interface with all regulatory and non-regulatory Sanction List providers comprising, The Office of Foreign Assets Control (OFAC), United Nations Security Council Resolutions (UNSCR), Ministry of Home Affairs (MOHA) etc
Generation of statutory and regulatory compliance reports with the ready template available for Suspicious transaction reporting
Implement & integrate the AML framework across all Channels and Businesses such as Remittance, Money Exchange & Wholesale Bank Note.
Implement & integrate the AML framework across all Channels and Businesses such as Remittance, Money Exchange & Wholesale Bank Note.
Generation of statutory and regulatory compliance reports with the ready template available for Suspicious transaction reporting
Interface with all regulatory and non-regulatory Sanction List providers comprising, The Office of Foreign Assets Control (OFAC), United Nations Security Council Resolutions (UNSCR), Ministry of Home Affairs (MOHA) etc
Detailed scanning of customer names against Sanction List, by utilizing state-of-the-art phonetic search algorithms
Enhanced analytics to detect previously transaction history, tagging of suspicious transactions to minimize false positives to achieve operational efficiencies
Built-in agile transaction monitoring and risk scoring tools for all transactions and manage risk through ongoing monitoring and due diligence
Consolidated view of customer’s transactions and profile to ensure that all the transactions (remittance/money exchange/wholesale Bank Note) performed by the customer through various channels is captured for analysis