Challenge: Navigating complex networks and ensuring customer experience while balancing risk assessment and resource allocation is vital to managing costs and maintaining a strong risk posture.
Solution – NetReveal Customer Due Diligence (CDD):
- Customer Risk Profiling:
- Provides end-to-end customer risk profiling using machine learning (ML) and AI.
- Offers a single, comprehensive view of dynamic customer risk.
- Utilizes key third-party and existing data for continuous monitoring throughout the customer lifecycle.
- Seamless Data Integration:
- Holistic risk assessment with frictionless onboarding.
- Automates data enrichment and quick understanding of complex corporate structures.
- Continuous Monitoring:
- Adjusts risk scores based on behavior changes and triggers automated alerts for suspicious activities.
- Facilitates prompt interventions.
- Alert Management:
- Prioritizes higher-risk alerts to focus on critical decisions.
- Maintains a single active alert per customer to minimize alert volumes.
- Dynamic Risk Dashboard:
- Visual representation of the customer’s risk profile for faster, informed decisions.
- Event Triage:
- Automates the first line of triage by scoring alerts based on priority.
- UBO Management:
- Captures and scores Ultimate Beneficial Owners (UBOs) data, both manually and via third-party integrations.
- Adapts UBO threshold based on business processes or regulatory mandates.
Key Benefits:
- Reduction in alert volumes.
- Faster risk detection.
- Enhanced operational efficiency.
- Integration with supervised and unsupervised machine learning for improved behavioral risk scoring.
