Dynamics in regulatory requirements, the nature of mobile money and mobile banking has further taken transaction monitoring a notch higher, making compliance a doubting task. Silos in banks require a solution that identifies suspicious transaction patterns that resembles money laundering and terrorism financing topologies “placement, layering and integration” in real time.

Good solutions allow financial institutions to apply flexible rules based on specific AML requirements, and enable officers to extensively profile a customer and other related entities against historical data.

The need to strengthen transactions monitoring is inevitable. Real solutions with complete visibility of customer transactions and correlation capabilities will help in complaisance and build good reputation. A case manager with analytics gives the compliance team a comprehensive trail of all transactions related to laundering, and customized reports that fit in the shoes of ever evolving regulatory requirements. Your organization is in East Africa (Kenya, Tanzania, Uganda, Rwanda, Burundi, Ethiopia and South Sudan) Contact us for more details.