Customer Watchlist Screening – Achieve Automated Compliance with RiskShield
Leverage RiskShield to automate customer watchlist screening, detect fraud, reduce false positives, and ensure real-time compliance with evolving EU regulations.
RiskShield simplifies Customer Watchlist Screening by ensuring efficient and accurate PEP and Sanction checks. Built to meet the demands of the EU Instant Payments Regulation, it helps financial institutions maintain compliance, proactively detect fraud risks, reduce false positives, and streamline operations.
The solution integrates seamlessly with leading watchlist providers and adapts to evolving AML compliance requirements. With RiskShield, organizations can confidently manage compliance, detect fraud patterns in real-time, and enhance operational efficiency.
benefits in short
- Automated Compliance: Optimizes daily and periodic screenings under EU regulations.
- Fraud Detection Capabilities: Identifies fraudulent patterns and suspicious activities.
- Real-Time Screening: Instantly verifies PEP or sanction status.
- False Positive Reduction: Minimizes unnecessary alerts with Hybrid AI.
- Flexible Deployment: Available as SaaS or on-premise.
On-Demand Webinar: Navigating New EU Instant Payments Regulation: Compliance & Fraud Challenges
Watch the recording of our expert-led webinar to gain practical strategies for compliance and fraud prevention under the new EU Instant Payments Regulation. Discover how to reduce false positives, enhance operational efficiency, and stay ahead of regulatory challenges to future-proof your compliance framework.
Navigating Compliance Challenges in Instant Payments
Financial institutions and PSPs face growing pressure to comply with EU Regulation 2024/886 while combating increasing fraud risks. Key challenges include:
- Frequent Watchlist Updates: Maintaining accuracy with constant updates in real-time.
- False Positives Overload: Inefficient systems generate excessive alerts, consuming resources.
- Operational Inefficiencies: Manual processes slow workflows and increase compliance risks.
- Heightened Fraud Risks: Instant payments can be exploited, requiring advanced detection.
Without an effective solution, these challenges can lead to penalties, operational disruptions, and financial fraud.
The RiskShield Advantage: Intelligent Watchlist Screening Made Simple
RiskShield helps financial institutions and PSPs address compliance and fraud prevention with ease, providing advanced automation and scalability to meet regulatory demands and combat financial crime.
Core features include:
- Real-Time Screening: Instantly processes customer and transaction data.
- Batch and Periodic Screening: Automates daily and incremental screenings to stay compliant with EU regulations.
- Fraud Detection and Prevention: Identify suspicious patterns and prevent fraud in real-time during customer and transaction screening.
- Advanced List Management: Ensures compliance with immediate watchlist updates.
How RiskShield Simplifies Compliance and Prevents Fraud
RiskShield goes beyond compliance, delivering measurable results that streamline operations, prevent fraud, and save costs, all while improving accuracy and reliability.
- Automated Compliance:
Eliminate manual errors with fully automated customer and list screening. - Operational Efficiency:
Leverage Hybrid AI to significantly reduce false positives, detect suspicious patterns, and eliminate redundant processes, saving time and resources. - Scalable and Flexible:
Deploy RiskShield as a cloud-based SaaS or on-premise solution to suit your business needs.
With these features, RiskShield not only ensures compliance but also drives efficiency and cost-effectiveness across your operations.
For more information about our solution, download our dedicated brochure.
Take the Next Step Toward Seamless Compliance!
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Till Dieckmann