Reduce risk and prevent financial crime with riskCanvas™

Reduce the model validation process from months to minutes with riskCanvas Transaction Monitoring, which takes a user-driven approach to scenario design, testing, and tuning. Build scenarios using all available data, add complex logic, and simulate performance within the user interface (UI). This module helps your program adapt quickly to changing customer behavior, while allowing analysts more time to conduct effective investigations.

Key benefits

• Design and customize scenarios within the UI that look for transaction patterns over time using averages, counts, and sums
• Run scenarios for transactions within a single customer account or across multiple accounts
• Track scenario efficacy over time to understand alert escalation rates based on which alerts advance to cases and suspicious activity reports (SARs)
• Reduce overall handling times with dedicated workflows and automated reviews across different scenario types
• Gain insight into customer data from alert reviews all the way through SAR filing, and reduce the time spent digging for and manually entering data
• Enjoy automated SAR filing, including investigation closure, data transmission, and follow-up scheduling

riskCanvas empowers users to design a custom screening program with fully configurable matching logic, business rule application, list selection, and workflow design. It also allows you to see only the matches tuned to your institution's unique risk appetite – reducing false positives by over 90%. And it drives significant gains in efficiency through automation and custom workflows and displays.

Key benefits

• Conduct real-time and batch screening of transactions and entities across all use cases
• Easily deploy and dynamically scale your implementation, thanks to riskCanvas' AWS cloud foundation
• Make faster decisions on screening alerts by easily viewing all data on one screen
• Automate decisioning and API interfacing with riskCanvas' drag-and-drop, low-code/no-code workflow editor
• Analyze trends and patterns with real-time custom reporting and analytics dashboards
• Prevent duplicate alerts based on previous false positive dispositions

A better customer risk scoring model starts with data. riskDNA™ harnesses and seamlessly consolidates data into a single platform to detect and score customer risk across five dimensions and hundreds of indicators – all while giving business users the power to drive scoring and model changes in the UI. Enhanced detection and greater control allow institutions to better identify and manage high-risk clients.

Key benefits

• Get a true, single view of the customer, with all relevant risk indicators and data consolidated on one screen
• Manage risk models and adjust thresholds, scores, lookbacks, and more directly in the UI
• Automatically score new customers and schedule refreshes across the customer population
• Automate high-risk customer alerts and schedule periodic reviews based on risk level
• Manually override risk levels through managed workflows
• Effectively oversee programs with real-time analytics accessible through riskCanvas' reporting and visualization suite

Streamline your investigation process with riskCanvas Case Management. Our flexible and all-inclusive approach to customer data empowers analysts to connect the dots quickly, efficiently, and effectively and complete the full investigation life cycle in one convenient location. With full control over dashboards, workflows, and process automation, you can achieve increased uniformity and efficiency in your processes across the program.

Key benefits

• View key information from customer and account profiles directly on the item details screen
• Improve analyst productivity by autopopulating workflows with account and customer data
• Easily visualize activity patterns and transaction history by navigating through customer transactions within the transaction toolkit
• Automate mapping of customer data to SAR form and SAR batch management to make filing easy
• Achieve greater control, flexibility, and oversight of your program with riskCanvas' reporting and analytics suite