Naturally, as time goes by, client risk profiles evolve as a result of changes in their business operations or personal status. However, the controls banks have in place today are mostly manual and rely primarily on predetermined, fixed-interval review cycles. These are typically combined with a limited number of trigger events (e.g. SAR/STR filed).
These controls tend to be labor intensive and costly. And, they don't fully mitigate all risk, as risk events which occur in-between review cycles can be easily missed. Arachnys /Sentry was developed to address these issues and more.
It eliminates inaccurate data, decreases false positives and reduces erroneous analyst decisions
Provides automatic risk categorization and reporting of delta information
Customized review policies can be applied to unique customer segments to ensure the right right policies are applied to distinct populations
Access to your library of previous investigations are utilized to not only speed current investigations but to provide rationale to regulators
A quick chat will allow us to demo our technology
and explain how we could help - get an answer today.