Conquering compliance challenges: Efficient, transparent and intelligent.
- Resource-efficient list screening: Smaragd enables a market-leading low false positive rate and therefore resource-efficient list screening.
- Always compliant: Smaragd tracks local and global regulation dynamics. Our integrated approach then ensures that you will always comply transparently with the latest regulations.
- Saves time and resources: The implementation of artificial intelligence enables time and resource-saving compliance with specified rules and the effective fight against financial crime.
Integrated approach
Future-orientated technology
All the time ensuring compliance with sanctions.
On the safe side
Functional scope of the Smaragd Compliance Suite
Transaction screening
The central component of the screening is the Smaragd FuzzySearch, an in-house developed similarity search that calculates the degree of similarity between the relevant transaction data and list entries.
A flexibly configurable set of rules specifies the type of inspection and controls the associated evaluation.
Customer screening
The additional Webcheck and Webfilecheck modules can also be used to carry out online queries of individual records or files, allowing suspicious individuals or companies to be identified during onboarding processes.
Politically exposed persons
Negative media screening works in the same way. The focus here is on the reputation of the persons to be screened.
Combating money laundering
An optional goAML component reports on suspicious activity, uploading the reports to the FIU portal.
Correspondent bank monitoring
The Smaragd Compliance Suite provides risk-based monitoring of the correspondent banks involved. All parties involved in a foreign transaction (e.g. banks, clients and recipients) are identified and their risk assessed. A flexible set of rules ensures daily evaluation of all transactions and early detection of suspicious behaviour.
Financial fraud
Risk analysis
Customer risk assessment
The customer risk rating is based on all factors identified as part of the risk analysis, such as geographical location, sector affiliation and creditworthiness.
Smaragd makes compliance smart
Integral data management
Artificial intelligence (AI) and the associated integrative data management are essential in the Smaragd Compliance Suite. Machine learning and natural language processing (NLP) methods are used on existing data to derive insights into payment flows, behaviour and content.
Transaction screenings in real time
As part of the real-time transaction screening of payments, the Intelligent Alert Classifier (IAC) ensures a high degree of automation and thus leads to a significant reduction in manual effort in alert processing while complying with regulatory requirements. Smaragd IAC provides a validated and comprehensible evaluation of alerts, based on previous alerts.
Increased efficiency and effectiveness
To combat money laundering, the AI component ICS (Intelligent Customer Segmentation) automatically clusters customers with identical transaction behaviour based on their transaction history. This optimises alert determination and significantly reduces false positives and the manual effort involved in alert processing.
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