Compliance has become a hot topic in banking and insurance for digitalization and automation. Compliance Officers and IT managers expect automated compliance decisions to be better and less costly. The combination of rule-based software and machine learning makes this possible.
The Compliance Suite provides the foundation for mapping compliance requirements for banks, insurance companies and financial service providers. Discover the areas where our compliance software comes into play.
compliance has many facets: AML measures for detecting money laundering and
fraud, embargo monitoring, uncovering market manipulation, insider trading and
conflicts of interest or considering product, client and investment suitability. Due to the high volumes
of data and complexity involved, compliance analysis requires a powerful
software that checks compliance scenarios in an audit-proof way.
Compliance management is one of the top issues for finance companies. The regulations for meeting compliance are constantly growing. This is why enterprises are forced to adapt their compliance measures. Board members in financial institutions also put compliance high on the agenda in order to avoid reputation risk or fines.
Compliance measures are a crucial factor for financial institutions who wish to address company threats by economic crime from both inside and outside. Detecting fraud and money laundering, and embargo monitoring, are some of the measures designed to prevent financial crime by external parties. International regulatory rulings must also be complied with; they include anti-money-laundering acts, the Markets in Financial Instruments Directive (MiFID) or standards by financial organizations, such as the Financial Industry Regulatory Authority (FINRA) in the USA.
Our Compliance management system contains software modules that cover any conceivable scenario: money laundering prevention, sanctions list screening, monitoring of financial sanctions, detection of insider trading and market abuse, and conflict of interest management. Other compliance issues, such as fraud, MiFID 2 suitability and cross-border transaction monitoring can also be handled using our technology.
With the ACTICO Compliance Suite it is easy to manage regulatory requirements and automate compliance processes. The software is composed of individually selectable modules using the modular principle.