Embracing cutting edge technology for safe banking
Craft Silicon's Solution
Winning features of Anti-Money Laundering (AML):
- System has the capabilities to detect and report suspicious activities
- End-to-end case management system
- Robust service delivery to customers
- Proper validation/authentication mechanisms
Continuous Evolution - Key Changes
Products used
Anti-Money Laundering - AML
key achievements
Foolproof system, customised to fit the bank’s Core Banking System, daily operations and transaction processing
Maintenance of a list of members that form a part of the bank's active watch list
AML system is integrated across all channels in the bank through the core system, with real-time screening for all activities
AML system conducts fuzzy and phonetic searches, as well as percentage-based matching to mitigate false positives
key takeaway
Digital banking, along with its many benefits, also poses cybersecurity risks. JBB was
able to provide secure and safe banking for its customers by leveraging upon Craft Silicon’s AML solution