In the current financial climate, corporations need stronger financial crime alert and case management tools, in order to combat the rise in financial crime, such as fraud, money laundering and data theft.
Effective alert and case management solutions are essential for compliance with government regulations (such as the US Patriot Act) requiring financial institutions to file Suspicious Activity Reports (SAR) to government agencies.
However, alert and case management is a laborious and error prone process, and the workload of security, anti-fraud and compliance staff keeps growing. Companies need a system that will ease the load and facilitate efficient risk management and fraud detection; a system flexible enough to integrate with varying corporate systems and fit the organization’s processes, yet reliable in reducing financial risk and helping corporations comply with government regulations.
The Intellinx Enterprise Alert and Case Manager (ECM) provides an enterprise-wide alert and case management system for creating and managing alerts and cases of suspicious activity, and for filing SARs. ECM integrates seamlessly with existing corporate systems, collecting all data relevant for case investigations.
With ECM, supervisors can pre-configure alert and case workflows for specific organizational requirements, establishing priorities, assigning caseloads and meeting deadlines.
ECM is ideal for financial institutions looking to replace obsolete technologies or home-grown systems with a robust and dependable solution.
ECM identifies and alerts on financial crime cases requiring SARs, improving corporate compliance with government regulations.
ECM contains pre-configured reports and dashboards, and a workflow and user-interface that are fully customizable. Ongoing operations do not require programming or IT support.
The ECM infrastructure is based on a flexible data model – the underlying mechanism for ECM’s exceptional flexibility. The data model enables defining custom entities and fields without programming.
ECM has a built-in automatic Financial Impact Calculator, which is based on information such as financial exposure, anticipated loss, and pre-charge of recoveries. The Financial Impact is an important instrument for investigators in estimating the risk of suspicious criminal activity.
ECM contains Link Analysis Diagram functionality, which visually maps connections between suspect activities according to a range of variables. Link analysis is a powerful tool in exposing criminal activity.
ECM can be integrated with the Intellinx Anti-Fraud Suite – a leading solution for detecting fraudulent activity. The Intellinx Anti-Fraud Suite is based on patented network sniffing technology that provides unparalleled visibility into user activity in real-time; and a genuine behavioral analysis platform.