Fraud and Financial Crime Management

Protecting the SWIFT ecosystem

SWIFT introduced the SWIFT CSP in 2016 to protect organisations from falling victim to fraud. Each year all users must comply to the evolving programme to protect their organisation and the entire SWIFT ecosystem from being compromised.

By joining our annual programme, we’ll work with you every year to achieve a complaint attestation status. This not only helps strengthen your organisation’s reputation and instils trust and confidence with other SWIFT customers, but you’re contributing to the collective mission of protecting the wider ecosystem.

Provide peace of mind that payments are going to the correct payee

Confirmation of Payee (CoP) - Is an industry-wide response to combat the increase of Authorised Push Payment (APP) fraud in the UK. The name-checking services allows payers to check whether the name they’ve provided matches the account number and sort code, providing an extra layer of protection.

Efficiently Screen Transactions to Identify and Mitigate Sanctions Risk

Detecting and preventing financial crimes such as terrorist financing, money laundering, and organised crime is a growing challenge for financial institutions. There is a legal requirement to prevent the processing of transactions with any individual or entity on a sanction list. Failure to do so can incur fines and important reputational damage.

Stop compliance threats in their tracks

Our easy-to-use SaaS compliance solution, Watchlist Screening, protects businesses from Anti-Money Laundering (AML) compliance breaches and unknowingly doing business with officially sanctioned entities and individuals. Transactions are centrally screened against official sanctions lists, provided by world-leading list providers, and your own maintained custom lists. You can also screen customers and suppliers for Know Your Customer (KYC)  checks against PEPs and Adverse Media lists.

Track suspicious activities centrally

Combat financial crime more efficiently and effectively with powerful case management.

Gain a better understanding of your overall risk exposure, analyse suspicious activities and cross-channel behavioural patterns using a central investigation center. Optimise your case management by aggregating data from all of your fraud detection tools into a consolidated dashboard that fosters collaboration among your fraud and compliance teams.

Protect against insider fraud and data leakages in a remote working environment

Insider & Employee Fraud – Captures and records user activity in real-time to identify behavioural anomalies for increased fraud protection against internal and external threats whilst also improving investigating success.

Universal Aggregator IQ

Single SaaS API enabled platform for payments, securities and messaging

Payments and Cash Aggregator

Cash Positioning, Liquidity Management

Securities Aggregator

Securities Management & Settlement (SRD II & CSDR)

Messaging and Connectivity Aggregator

Part of a messaging ecosystem that offers aggregated services for message processing, monitoring and interconnection of global networks & schemes and direct bank connectivity

Data and Analytics

Operational efficiency and business insight