ACTICO COMPLIANCE SUITE
Software for Compliance & Fraud Management
ACTICO makes the RegTech100 again in 2023
Compliance & Financial Fraud Management
With its Compliance Suite, ACTICO offers a comprehensive solution to meeting compliance requirements and fighting financial fraud. People, business relationships, payments and securities orders are automatically monitored and suspicious cases tracked – all within a single application.
Banks, financial service providers and insurance companies are bound by numerous compliance requirements. A range of laws, directives and regulations set out how they should combat money laundering, terrorist financing, market abuse, fraud and other criminal acts. They have to observe due diligence (Know Your Customer) and market conduct rules and examine sanctions and embargoes. The wide range of rules for identifying business relationships and transactions with increased risk is growing and being refined. The threat of penalties and reputational damage is increasing while the cost of compliance tools and experts is on the rise.
Many banks, financial service providers and insurance companies already enjoy the benefits of the ACTICO Compliance Management System. These are the 7 key reasons:
- Rapid adaptation to regulatory changes through configurable checks
- Low compliance risks through proven procedures
- Compliance with internal requirements through expandable audits
- A consolidated system for compliance and anti-financial fraud management
- Digitalized and automated testing of millions of transactions daily
- Low workload for compliance staff through optimizable, modern procedures
- Low implementation costs due to distinctive standards
At a Glance
The ACTICO Compliance Suite
ACTICO Compliance & Financial Fraud Software
Prevent Financial Fraud and Meet Compliance Requirements
Anti-Money Laundering
AML
- Monitor transactions for money laundering
- Clarify abnormal transactions
- Classify customer risk
Know Your Customer
KYC
- Automate the Know Your Customer process
- Continuously update Know Your Customer profiles
- Integrate compliance checks into client onboarding
Sanction Lists and
PEP Screening
- Screen for sanctions, embargoes, PEP status and other risks
- Initial screening of potential new customers
- Regular screening of the customer base
Transaction Screening
- Screen payments to prevent money laundering and terrorist financing
- Screen for embargoes, sanctions and more
- Carry out real-time checks of payments before posting
Trade Surveillance
- Monitor for market manipulation, insider trading and trade restrictions
- Manage insider lists, watch lists and restricted lists
- Clarify conspicuous securities orders
Avaloq Core Banking System
- Avaloq Banking Suite works reliably with ACTICO Compliance Suite
- Fast and secure integration through standard adapter
- Avaloq clients benefit from standardized compliance solution
Benefits
Powerful Standard Software
Flexible and Adjustable
Total Compliance
"LGT uses the Compliance Suite for Anti Money Laundering (AML), sanctions lists checks, Know Your Customer, transaction monitoring and the prevention of market abuse and insider trading."
Philip Schädler, Team Leader DCBR (Development Compliance Business Rules), LGT Bank
"We rely on ACTICO software for the prevention of money laundering (AML) and terrorist financing."
Oliver Hügli, Group Head Compliance, SwissLife
"We want to add value from the regulations, which are inevitable anyway, and implement a whole new technology platform."
Philip Schädler, Team Leader DCBR (Development Compliance Business Rules), LGT Bank
"Previously, measures had to be coordinated. Now releases can catch up much faster. This results in much shorter terms, and we complete our tasks promptly."
Dirk Hahn, Senior Consultant Regulatory Law/KYC, KfW