Better assess risk of those who manage and move money within your institution
Compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations is a critical component of banking operations. Inefficient risk assessment processes can lead to frustrated customers, lost business, and sanctions or fines for noncompliance. Clearspeed helps enhance compliance, prevent financial crime and internal threats, and enable faster, more accurate customer and employee onboarding by identifying high-risk entities before they pose a threat.
Criminal associations
Corruption
Coercion
Money muling
Validate origins and dispersal of funds
- Respond to externally raised reports that a customer has received the proceeds of a fraud
- Detect risk that customer payment is coerced
- Validate that corporate customers have properly verified details relating to suspect outbound payments
Find early indicators of account misrepresentation or collusion
- Validate that customers are genuine and intend to use the account or funds for legitimate purposes
- Reduce operational workload to investigate and verify money muling
- Expose schemes relating to artificial interest rate inflation or deflation
Improve employee continuous vetting and anti-corruption safeguards
- Uncover blind spots in current vetting processes
- Build anti-corruption safeguards
- Extend current employee security clearances with ease
