Our transaction monitoring system scans transactions to detect unusual and suspicious activities. The system uses machine learning to detect any patterns that deviate from the expected norm. These unusual and suspicious activities are reported using alerts and system notifications. Our transaction monitoring system can be connected to your core banking system via API integration. This allows your core banking system to communicate with the transaction monitoring system to help identify suspicious transactions. API integration allows the two systems to communicate seamlessly.
The system automatically detects suspicious transactions such as structuring and smurfing. Such transactions are identified and placed in the review area for further assessment. Rules can be set in the system to help identify specific transactions that pose systemic risk to the institution. Regulatory reporting functionalities within transaction monitoring system allows you to submit Currency Transaction Reports (CTR) and Suspicious Transaction Reports (STR) directly to regulators. The system automatically suggests which transactions require CTR filling and which ones require STRs filling.
Detect and identify suspicious activities in a real-time and take action in real-time.