Stay compliant, proactively
In the face of ever-changing global regulations, how can firms comply and avoid penalties, sanctions, and serious damage to reputation? The need of the hour is a comprehensive technology solution that can predict risk scenarios and protect firms from future losses.
The Compliance solution from TCS BaNCS is a proactive, web-based, enterprise-wide solution for monitoring money-laundering activities across various business lines such as retail banking, corporate banking, investment banking, cards and insurance.
The TCS BaNCS advantage
Our solution is unique because it:
- Complies with all AML regulation requirements across the globe to help banks in any geography
- Is a highly configurable and intelligent solution with in-built detection mechanisms which can track and sift out fraudulent transactions with clinical accuracy
- Uses artificial intelligence for character profiling, which is then used to detect anomalies from the expected behavior of the customer
Get a holistic, enterprise-wide view of customers
The Compliance solution has the following features and benefits:
- Watch-list scanning
- KYC / customer due diligence
- Customer profiling
- Configuration of business monitors (rules) and administrative roles
- Transaction monitoring
- Alert generation
- Alert investigation
- Regulatory and ad-hoc report generation
Enterprise-wide compliance – Single, enterprise-wide, holistic view of the customer to ensure compliance with BSA, USA Patriot Act, FATCA, BASEL III, etc.
Advanced watch-list scanning – Complex algorithms to handle spelling variations, aliases, phonetic variation and alternate names scan customers and payments for suspicious or fraudulent activity.
Intuitive customer monitoring – Clustering algorithms group customers together, analyze their financial DNA and detect unusual transactional behavior.
Risk-based profiling – Advanced tools like link detection, statistical modeling, and transaction tracing assess the risks associated with new and existing customers.
- Cash Management – Optimizing cash quickly and efficiently
- Core Banking – Scale new heights in banking
- FATCA Compliance – Ensure compliance with an intelligent and configurable solution
- Global Risk Management – Get an enterprise view of risk and manage it efficiently
- Islamic Banking – Islamic and conventional banking on a single instance
- Origination – Add speed and efficiency to loan management
- Payments – Speed up efficiency in payments
- Reconciliations – Streamlined, end-to-end reconciliations
- Retail Banking – Rapid time to market for your solutions
- Service Integrator – The financially aware middleware
- TCS BaNCS Digital – Allow any place, any time banking
- Treasury – STeP up treasury operations
- Universal Banking – Achieve high levels of automation and accuracy in banking
- Wealth Management – Enable greater transparency in wealth management, faster