Regulatory Compliance Application
Divas Software’s EWC&RM compliance product has been architected, designed and developed based on FATF 40+9 recommendations. Central to its design is the regulatory risk based approach and suspicious transaction monitoring under constantly changing global money laundering practices. EWC&RM’s end-user centric functionalities include:
• Name Filtering against Multiple Sanction & Watch-lists
• Single Click Watch-Lists Scans During On-boarding of New Customers and Batch Scans of Entire Customer Database Against Updated Watch-Lists
• Repository of Photo, ID & Address Proofs
• Anti-Money Laundering and Anti-Terrorist Financing Transaction Detection, Case Creation & Due Diligence
• Risk Based Customer Profiling
• Regulatory Reporting of Suspicious and Large Cash Transactions
• AML Training & Knowledge Updation
• Multiple Operational Compliance Reports for the End-users, Ops Managers, Compliance Department and Administrator.
These functionalities in conjunction with host of other features of EWC&RM, allows a financial institution to create an organization-wide compliance coverage with the help of automating processes under all the four regulatory compliance areas:
A. Customer Acceptance Policy (CAP)
B. Customer Identification Procedures (CIP)
C. Monitoring of Transactions (MoT)
D. Risk Management (RM)
To achieve this, the application could either be integrated to your core solutions for online transaction monitoring or sit beside your existing applications in an offline mode for batch processing of financial transactional data.
To know more about EWC&RM and how it could be rolled out at your institution to combat dynamic scenario of money laundering and terrorist financing, please contact us:
Divas Offshore Software Technologies (P) Ltd.
N-1/3, DLF Phase II, Gurgaon - 122002, India.
Tel: +91.124.4018801 (8 Lines)
Sr. Product Executive
Divas Software specializes in building & implementing business centric innovative software application products. These are built on top of our extensive service industry exposure through multiple engagements in Banking, Insurance, Financial, Travel, Hospitality and Telecom domains.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Regulatory Compliance Application here
News-ID: 26642 • Views: 1059
More Releases for Customer
Customer request satisfied
Awning manufacturer markilux looks back with satisfaction on the introductory year of its fabric collection 2018+ A year after markilux's new awning fabric collection was introduced into the market, the company has said it is completely satisfied with the feedback it has received from its customers. The more comprehensive layout of the collection, the large range of plain-coloured fabrics and false plains, as well as the variety of fabric patterns, have
The Connected Customer: Utilities
Connecting the dots between technology, digital strategy and your customer T.A. Cook Conferences are delighted to announce The Connected Customer: Utilities conference, taking place on 16-17 November 2017 in Amsterdam, Netherlands. This event will address the transformational role digital innovation plays as utilities look to ‘connect the dots’ between technology, digital strategy and the customer. Attendees will have the opportunity to address the current challenges faced by utilities through industry
Prepaid Card Customer Analytics
Summary Prepaid Card Customer Analytics is a powerful interactive tool providing direct answers to the questions that are central to developing a customer-centric product and marketing strategy. It speeds up the analysis of the global prepaid card customer by offering essential insight at a country and demographic level across 29 countries. Request Sample Report Here: http://www.reportbazzar.com/request-sample/?pid=439704&ptitle=Prepaid+Card+Customer+Analytics&req=Sample Synopsis – See exactly where to focus product development and marketing activity based on country level data on
Customer Service Defines Customer Experience
Comment article by Juan Bezón, Chief Commercial Officer, PCCI Group Nobody can deny that we are now in the age of the customer. Through online and mobile channels they are well informed and this information allows them to compare and choose the most convenient provider/vendor. If they are not happy, they can easily change. Today, customers have control and companies are changing their strategy to customer-centric. For this reason, now more
Customer Focus – Interserve
Interserve, one of the world's foremost support services and construction companies has been using TEAM Sigma Software since 2011 and has successfully adopted one of TEAM's latest software developments, Sigma Energy Viewer. Interserve Consultancy (part of Interserve Construction) currently manages over 400 Interserve sites and recently Interserve made a conscious decision to move to the next generation of TEAM software solutions - TEAM Sigma Cloud. About TEAM Sigma Cloud TEAM Sigma Cloud utilises
Customer-Centric Project Management
This short guide explains what customer-centricity means in terms of how a company works and its importance for project performance; using tools and processes to guide customer-centric thinking will help to see the results of engagement and demonstrate how things can improve, even on difficult projects. The text provides a straightforward implementation guide to moving a business to a customer-centric way of working, using a model called Exceed, and provides