Safeguard against financial crime
We at Solytics understand how critical it is for institutions to stay ever-vigilant to prevent and combat financial crime, pass regulatory scrutiny, and safeguard against repetitional damage.
Our team of AML experts, data scientists, and technology wizards have distilled their global experience and expertise into our suite of “Advanced AML Solutions” and “Accelerated Services” tailored for Name Screening, Transaction Screening, Transaction Monitoring, Threshold Tuning, FCRA, AML Model Validation, Customer Risk Rating, etc.
Through the complete FCC Analytics value-chain
Complete lifecycle support including data quality assessment, model review and conceptual soundness, threshold validation, threshold tuning, system validation and migration
Using multiple methodologies (Inter-Quartile, Sigma Select, Jump Percentile), what-if scenario analysis
Validation of existing AML models as per SR 11-7 guidelines and internal policies, review of past recommendations, model replication, model output testing
Creating and visualizing the network database, applying social network algorithms to uncover relationships, classification into routine and potential fraud users, strong visualization
and Risk Rating
Identifying risk attributes for segmentation, top-down and bottom-up approach, statistical validation and testing
Testing, validating, and optimizing scenarios, scenario review and replication
Investigation, & Clearing
Alert classification based on ML models, auto-closure and auto-escalation of alerts
Risk factor identification, risk scoring based on multiple methodologies, control assessment and scoring, residual risk calculation
Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Customer Identification, Sanctions and PEP screening
Identification of implicit correlations to detect potential fraud across channels – payment, remote banking, cards, and cross-channel
SAMS is a next-gen screening solution powered by AI/ML, with comprehensive databases and customisation capabilities to meet specific requirements, reducing false positives.
ATOMS is a versatile solution that allows FIs to automate the threshold tuning and optimisation process of their Transaction Monitoring systems based on multiple methodologies.
End-to-end Support Through the AML Compliance Lifecycle
Our team of experts, including CAMS certified professionals, AML specialists, and Data Scientists, possess deep domain expertise and utilize cutting-edge technology to develop robust models, automate repetitive tasks, and uncover hidden insights and patterns. With experience across global regulatory jurisdictions, such as the Federal Reserve, OCC, EBA, BoE, CB-UAE, and MAS, we help rationalize the overall cost of compliance.
Develop and validate AML and customer/risk scoring models, perform quantitative threshold tuning of transaction monitoring scenarios, and much more powered by our suite of solutions (SAMS, ATOMS, ARC) designed to focus on scalability, customization, and user friendliness.