IN COMPLIANCE ACROSS ALL ASPECTS OF AML AND MASTER SURVEILLANCE
BY HELPING FINANCIAL INSTITUTIONS ACHIEVE DATA MODEL TRANSFORMATION
AIDING ORGANIZATIONS IN ACHIEVING COMPLIANCE, REGULATORY ENGAGEMENT AND AUDIT RIGOR
WHY OUR CUSTOMERS CHOSE MPHASIS?
We provide comprehensive solutions coverage to a leading universal bank across financial crimes and risk. Key highlights include assisting the delivery of a liquidity risk insight platform and Actimize implementation for anti-money laundering.
We assist a leading universal bank in a multi-year engagement for KYC remediation of more than 100,000 entities for the corporate and investment banking LOB.
For over a decade, we have partnered with a leading European Bank for AML engagement around Mantas & Fircosoft and surround solutions.
We have worked on remediation of over 2.5 million legal documents in more than 20 locations around the world for a large universal bank.
In today’s world, businesses need to find a balance amongst effective governance, risk management options and industry compliance standards.
Mphasis helps businesses overcome these challenges and provides solutions that identify and effectively manage risks and compliance violations.
Mphasis has worked on industry-leading platforms, such as MANTAS and ACTIMIZE, providing product implementation and operational support. Our anti-money laundering (AML) services to leading financial firms across multiple business areas have:
Our Financial Crimes Investigation Platform for Alert/Case Management and Suspicious Activity Reporting (using ACTIMIZE eRCM) solution helped a top global bank create a multi-country compliance platform. We helped the organization to:
Using a knowledge-assisted process, we automate the lower-end of anti-money laundering alerts investigation. Our solutions:
Our anti-money laundering (AML) investigation ensures that the use, source, and destination of funds do not involve any money laundering and enables a smooth business process by tracking suspicious transactions. Our automated transaction monitoring of Trade-Based Money Laundering (TBML) is based on automatically generated industry-standard red flags. It enables organizations to:
Our reimagined KYC offering can reduce operations cost while improving quality and transparency in the Know Your Customer (KYC) and anti-money laundering (AML) processes. It can help organizations:
Enhance operational efficiencies and reduce the cost of compliance for your firm's Know Your Customer (KYC) needs with this platform. Our capabilities will help you:
Our client-screening (Actimize, Fircosoft - WLF & BPS - alert triaging) platform helped a global bank build a compliance platform to identify potential high-risk customers and suspicious transactions, in order to limit fraud and fight money laundering, illegal trafficking, and terrorist financing. We helped the organization to:
The holistic surveillance system tracks events, communications and trading activity/investigations through their entire workflow and correlates that information to perform comprehensive compliance coverage across asset classes, platforms, communication channels, markets, venues, and global regulations. The major systems functions using cognitive computing help:
For trade surveillance, our ACTIMIZE Market Surveillance and Information barrier solution has helped a top global bank create a multi-country compliance platform for Alert and Suspicious Activity Reporting (SAR) management. We helped the organization achieve:
Mphasis provides services (consulting, technology, and process outsourcing) around NPA platform and processes. Learn how these help organizations to:
Mphasis engagement on credit risk technologies encompasses various application suites, built and maintained for credit approval, credit limit management, overdraft management, data warehouse, and a reporting portal. We have de-commissioned legacy systems and migrated to an integrated credit risk desktop for a wholesale credit group. The key programs that we delivered for the organization include:
We have helped banks take over the support, maintenance and installation of operational risk management product for financial services clients. This has several benefits for product owners and clients.
Benefits to product owners:
Benefits to clients:
Mphasis has supported organizations through multi-year initiatives to support global monitoring and reporting of key finance measures such as AUM, revenue flows, investment and counterparty risk across global investment management and global wealth management. We help organizations:
Mphasis helped a large financial organization in North America follow a bottom-up approach to data validation supported by:
After the 2008 financial crisis, liquidity risk management has become more important and mandated by regulators. Failure to comply, can lead to penalties. Mphasis helped an organization to enhance and automate the liquidity risk reporting capabilities. The organization now has:
With the right mix of technology, people, and processes, we optimize document remediation through:
Discover how Mphasis provides services (consulting, technology, and process outsourcing) around KYV (Know Your Vendor) to:
Mphasis has conceptualized the overall process and implemented the framework that enables a large universal bank to efficiently track compliance on all legal and regulatory matters. We support several key regulatory practice areas:
An efficient and effective response to regulatory examinations and consent orders requires standardized, centralized, and automated processes to be adopted by compliance. We have helped organizations manage:
Mphasis helped a global bank develop a strategic audit application to replace the existing Lotus Notes Databases used by the bank in the areas of corporate/internal audit. The existing platform was used for audit planning, audit execution and administration. However, with the ever growing needs of the business it became essential to move into a more stable, extensible and robust application that supported the bank's audit needs. Mphasis helped the organization to:
Mphasis Regulatory Reporting (Bespoke, COTS) compliance capabilities address the most demanding financial regulatory needs. This approach reduces compliance burden, mitigates risk, empowers all individuals involved, and transforms the experience of compliance. We have:
The Mphasis governance methodology and management process aligns our solution structure with our client’s strategy, business needs, business functions, business processes and business. By integrating a strong program management background with a culture that values continuous process improvements, we commit to our partnership and collaboration with our clients. We adopted this approach in a multi-year initiative with a Corporate Technology LOB to address the MRA (matters requiring attention) directive received from federal regulators. We helped the organization: