AML System
Anti Money Laundering compliances are not just regulatory requirement for the insurance companies. It is important to reduce risk of fraud and fines. This is a rule based system to identify such activities as cash payments, screening of sanctioned individuals with workflow to assign problem transactions to people in various department, filing case documents and eventually closing the ticket.
Risk Management System
BFSI being higly regulated and dealing with real money needs to be always vigilant about the potential fraud. It included multi level reporting, TaT tracking, task assignment for both internal and external users, email notifications, rule based ticket assignment.