Meeting obligations related to Anti-Money Laundering and Counter-Terrorist Financing and the fight against fraudsters is more challenging than ever before.
Half of the organizations globally reported experiencing financial crimes last year. Entrust yourself to the experienced team of Consortix and SAS to no longer worry about this problem. The industry-leading SAS AML technology and the in-depth implementation knowledge of the consultants is a perfect alliance to equip you with the best solution to fight against financial crime and accelerate your compliance.
Consortix offers you solutions powered by industry-leading SAS software with embedded analytics and Artificial Intelligence capabilities.
We provide end-to-end, friendly, and professional support throughout your implementation project and afterwards.
You will receive a software solution with a best-practice-based know-how. This will be out-of-the-box and tailored to your requirements.
The Consortix AML Accelerator, powered by the SAS platform, offers streamlined solutions for AML compliance and investigation.
Using the SAS powerful platform and adding our expertise with its proprietary add-ons, Consortix AML Accelerator business configuration enables our clients to have an effective system in place covering their business and regulatory transaction monitoring requirements – from data orchestration to fine-tuning.
Using the SAS powerful platform and adding our expertise with its proprietary add-ons, Consortix AML Accelerator business configuration enables our clients to have an effective Customer Screening system in place covering their business and regulatory requirements.
Collect customer data, perform dynamic risks and assess the AML risk of the customer relationship. Integrate with transaction monitoring and watchlist management for a complete risk-based approach.
Financial Institutions need to report on huge volumes of transactions. Manual preparation of such reports on a regular basis would be a daunting task. These reports must confirm to requirements both in terms of content and format that may change from time to time.
Make onboarding decisions, monitor onboarding process and streamline your questions and workflow with the KYC Onboarding application offered by Consortix that can be integrated smoothly with the other modules of the Consortix AML Accelerator solution.
Fraud can have a direct financial impact, resulting in a financial loss due to the fraud itself or even damage to reputation that could ultimately mean a direct loss in capital value for any business entities issuing stocks or bonds. It can also harm the corporate culture and employee morals in a serious way.
Loans either secured or unsecured are considered as a high-risk product in terms of credit and fraud risk perspective. Fraud against an issued loan means a direct financial loss to the Financial Institute but there are additional costs and reputational risk that must be considered as well.
There are many bad actors (policy holders) who try to take advantage and fraudulently post claims. These fraudulent activities can hurt the profitability of that certain product and can raise the cost, ultimately leading to an increase in the insurance premium. Therefore, insurance companies should be able to protect themselves against these unwanted activities.
The number of payment transactions has been steadily rising. Customers trust their money with the Financial Institutions and a major fraud case affecting a large number of customers or receiving widespread publicity could seriously hurt this fragile relationship.
Our consultants have worked on successful AML projects at several institutions wordwide in more than 20 countries.
Curious to hear from those for whom we have already successfully implemented solutions?
„Even a robust system can be implemented with an experienced team within an extremely short time. We could implement the system within 2 months...”
„This is one of the fastest implementations that I have ever done. We estimated that it takes about 8-9 months, and we finished in 6...”
Swedish credit management company Hoist Finance - operating in several European countries - has chosen SAS anti-money laundering (AML) technology supported by Consortix, a strategic SAS AML partner. The leading AML software in combination with the experience in successful AML implementations makes the cooperation between Hoist Finance, SAS & Consortix an ideal partnership in the fight against financial crime.
Consortix offers a tailored cloud system to meet Hoist Finance’s specific requirements, bringing in compliance industry best practices. To this end, the SAS AML solution provides flexibility and can enable Hoist Finance to meet its regulatory expectations.
For Hoist Finance, the customer-friendly approach, the high-quality solution and the experienced and knowledgeable vendor and implementation team were key factors in their choice.
For detailed information on our solutions and services, contact Consortix or subscribe to our newsletter.
