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Financial Crime Management
The Satori Financial Crime Management (FCM) solution significantly reduces your exposure to fraud and financial crime by integrating Continuous Control Monitoring into your existing systems.
A sophisticated solution to an increasingly complex threat
Financial Crime is said to amount to US$1.4 trillion – US$3.5 trillion annually. No organisation is safe as these criminals become more aggressive and sophisticated. As a result, your business is facing greater financial and reputational risk than ever before, especially when carrying out transactions with third parties.
To add to this burden, tightening regulations and growing demands by customers for integrity are placing greater demands on your organisation to monitor and report suspicious activities.
Your round-the-clock defence team
The Satori Financial Crime Management (FCM) solution significantly reduces your exposure to fraud and financial crime by integrating continuous control monitoring into your existing systems. SatoriFCM detects suspicious activities, while automating processes, thus wrapping your entire organisation in certainty and creating a culture of compliance.
The solution includes due diligence, sanctions screening, transaction monitoring and screening, regulatory reporting, advanced analytics, workflow automation and case management.
How it works
SatoriFCM accesses transactional data in near real-time and feeds it into the analytics platform to detect high-risk scenarios or events. Once detected, the system will allow transactions to be blocked, investigated, or recorded with no action required.
SatoriFCM uses advanced analytics and rules-based scenarios to score the risks associated with suspicious transactions and help fraud and compliance personnel refine and prioritise investigations.
Used for Anti-Money Laundering (AML) compliance, sanctions screening, enterprise fraud detection, and vendor risk management, SatoriFCM is configurable to clients’ needs and can be deployed as modules or as a complete end-to-end risk management solution.
What is included in SatoriFCM
Satori Financial Crime Management integrates with existing systems to detect suspicious activities, automating processes, reducing false-positives, decreasing repetitive tasks and engaging the entire organisation in a culture of compliance.
Customer Due Diligence
To support KYC, CDD and EDD processes, SatoriFCM combines data from onboarding, transaction monitoring and other core systems with identity verification and risk intelligence data to provide updated risk profiles and scores that are based onactivities and relationships.
Sanctions Screening
SatoriFCM screens individuals and businesses against multiple lists including PEPs, negative news, OFAC and other sanctions lists. Screening can be done in native characters and in real time, periodically or on demand.
Transaction Monitoring
SatoriFCM can analyse every transaction in real time and using an extensive library of analytics and scenarios, generate alerts for suspicious activities. These are sent to the appropriate personnel via text or email for investigation and/or reporting.
Configurable
With SatoriFCM, organisations can select the functionality they need or the complete solution. Permission-based functionality allows different users to access only the information they need to perform their responsibilities, and data can be maintained in the cloud or on-premise, ensuring compliance with regulations.
Data Management
SatoriFCM accesses data from any platform, including ERPs, bespoke applications and core business systems. The data is then cleansed and aggregated to increase its accuracy, and cross-referenced to reveal big-picture insights. Better data means better insights.
Investigation Tools
SatoriFCM offers dynamic workflows to guide processes and investigations. Enterprise search capabilities allow for easy search of data within internal and external sources while case management offers a collaborative approach to investigations, compliance and decision making.
SatoriFCM Resources
- Modern Slavery Reporting
- Anti-Bribery & Corruption Regulation
- Transaction Monitoring Guide
- AML Compliance Guide
Modern Slavery Reporting
Join GRCI Director and consultant at Deloitte, Julian Hunn for this on demand webinar to look at:
- Do I need to report?
- When do I report?
- How do I prepare a statement?
- How do I comply with the Modern Slavery Reporting Requirement?
- What does the Modern Slavery Act say I need to do?
- How do I approve and publish a statement?
Anti-Bribery and Corruption Legislation Amendment
What is in this video?
- How to protect your organisation from reputation damage or fines by preparing early
- What are Effective Proportionate Procedures to prevent bribery from occurring within your business
- The ‘fundamental elements’ for inclusion in every corporation’s anti-bribery framework
- Cautionary Tales of corporate Bribery
Transaction Monitoring Guide
For organisations looking to enhance their financial crime detection and prevention programs, SatoriFCM is a platform that integrates with core systems for realtime due diligence, transaction monitoring, sanctions screening and regulatory reporting capabilities.
AML Compliance & Fraud Management
For organisations looking to enhance their AML compliance program, SatoriFCM is a platform that integrates with core systems for real-time due diligence, transaction monitoring, sanctions screening and regulatory reporting capabilities.
It is configurable to clients’ needs and can be deployed as modules or as a complete end-to-end risk management solution. Deployments can be on-premise, hosted or a hybrid of both.
”"Using data that is both external and internal enables you to know the current vendor risk and proactively manage the risk – continuously"
Gavin SteinbergCEO
WEBINAR
Anti-bribery & Corruption Regulation
45 Minute – on demand Webinar
with guest presenter Julian Hunn – Governance Risk Compliance Institute Director
Get more Information
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