financial services

Secured Network Solutions Systems offers a comprehensive range of advanced analytics and payments solutions that can help you build a modular, insight-enabled payments infrastructure, which includes payments-specific processes, services and data models, to help bring greater agility and dexterity to your payments business

New technology has seen financial crime evolve rapidly in recent years, creating new risks that need to be addressed, and the FSA’s risk outlook report for 2007 stresses the importance of organizations developing an anti-financial crime ‘architecture’ with resources to match.

Bank fraud, money laundering and financial crime prevention

Predicting and preventing financial crimes

Financial crimes threaten your organization at multiple points of vulnerability. Focusing on a single channel or line of business can hinder management visibility and allow fraud and money laundering to go undetected. A single, holistic management framework that integrates disparate detection systems with alert and case management can automate crime prevention, helping to protect your organization from the financial and reputational loss associated with financial crimes. Leveraging detection systems for both fraud prevention and detection and anti-money laundering (AML) processes helps reduce risk and improve analyst efficiency.

the solution

Implementing an integrated platform for increased visibility

Secured network solutions services to help you address financial crimes include risk-monitoring, prevention, detection and remediation capabilities for your operational environment. Our services can provide an enterprise wide view of suspicious activity by implementing an integrated financial crime monitoring platform. We help you synthesize data into actionable intelligence that can enable more strategic decision making and help ease compliance management. You can leverage SNSS demonstrated expertise in risk management, AML initiatives and fraud prevention and detection for a more holistic approach to addressing financial crimes.

the benefits

Reducing risk and financial loss

Financial crime prevention services from SNSS are designed to:

  • Improve your view across business units to help reduce risk with anti-money laundering and fraud detection.
  • Prevent and detect money laundering and fraud through an integrated crime platform.
  • Reduce financial loss with improved responsiveness through automated crime prevention.

the specifics

Enabling crime prevention with financial crimes capabilities

With proven solution selection methodology and extensive experience implementing various risk-management and compliance applications, SNSS can helps banks and other financial institutions add risk-management capabilities to their operational environments. SNSS financial crime prevention capabilities include:

  1. Program management office
    • Program management planning and execution
    • Project health check assessments
    • Governance controls and monitoring
    • Business case development and project prioritization
  2. Strategy and road map
    • Business case
    • Road map
    • Value delivery matrix
  3. Compliance
    • Records management
    • Federal Financial Institutions Examination Council (FFIEC) assessments and risk assessments
    • Policies and procedures
  4. Know your customer
    • Customer scoring models
    • Design of customer due diligence (CDD) and enhanced due diligence (EDD) processes and controls
    • Link analysis
    • Entity resolution
  5. Anti-financial-crimes analytics (AML and fraud)
    • Pilot and system tuning
    • Alert modeling and analytics
    • Business rules
  6. Security
    • Threat assessments
    • Banking security model
    • Online and mobile fraud detection and authentication architecture
  7. Data management
    • Master data management
    • Records management
    • Data profiling and quality measurement
  8. Business and technology operations delivery
    • Investigation and alert management as a service
    • Information collection and data enrichment as a service
    • Alert modeling and analytics as a service
    • Outsourced technology operations