POSEIDON AML SOLUTION. Anti-Money Laundering and Counter- Terrorist Financing System with Anti-Fraud Functionality

Transcription

1 POSEIDON AML SOLUTION Anti-Money Laundering and Counter- Terrorist Financing System with Anti-Fraud Functionality

2 Certifications Personnel Plough back strategy Sector of operation Customers Solutions Contents Profile Infographic 1. Contents & Profile Infographic 2. The specific market needs 3. Poseidon AML overview 4. The process flow 5. Basic Characteristics Est Offices Ioannina/Athens 6. Encapsulated Lists 7. The needs on AML systems POSEIDON AML full compliance 8. Key Advantages 9. Implementations 10. Our clients opinion 11. Methods of acquisition 12. Implementation with 3 rd party systems Financial Sector Business sector 90% Customer Satisfaction 2016 Core Banking E-Banking AML PEP list Video Banking ERP CRM Fleet management Cargo management 13. Communication with Core Systems 14. The bricks and pillars Entities Groups Objects Rules 15. Architecture Microsoft Partner Innovation Awards 2017 (Papastratos) ISO 27001:2013 ISO 9001:2008 ISO 22301: % Increase 2017 R&D investment Social responsibility

3 Global money laundering scene Increased regulatory expectations Russia and Eastern Europe High exposure to money laundering/high risk 60% 69% Global Anti-Money Laundering Survey, 2016 Western & Central Europe Medium exposure to money laundering/medium risk area Middle East & Africa Very High exposure to money laundering/very High risk area Survey on 500 risk executives globally, Dow Jones, 2017 Understanding regulations outside home country % 42%

4 The specific market needs Operational Risk Legal Risk* Financial Risk Decrease Reputation Loss of Concentration *HSBC 2012 Allowed the laundering of 5.57 b. Forfeited 1.2 b Global key factors in choosing AML Providers Data Accuracy Price Company Reputation Staff Knowledge Survey on 500 risk executives globally, Dow Jones 2017 Customer Service Support Conform International Standards Local Presence Suite of products

5 Poseidon AML Overview Poseidon AML video POSEIDON AML is a certified - Bank of Greece 2013, Deloitte 2013 integrated banking solution for the prevention of money laundering and financing of terrorist organizations with anti fraud functionality. Adherence Compliance Monitoring Scoring Risk Management Case Management Reporting OFAC FATF FATCA FinCen Regulations Greek Law 3691/2008 EU 4TH AML Directive 2015 Basel Committee on Banking Supervision >7 financial institutions run on Poseidon AML Natech, 2017

6 Tr a n s a c t i o n R e p o r t i n g R e c o r d s The process - flow Mode: Live - Near Live - End of day - On Demand A u d i t i n g S c o r i n g P r o f i l i n g K Y C E v a l u a t i o n alerts Predefined or Custom based Algorithms Watch Lists Sanction Lists PEP List Internal Group Sector Client Transaction Machine learning based behavior profiling Combining historical statistical evidence with the information flown from every integrated system, POSEIDON AML scores: Transactions Customers Both parties if exist Know Your Customer Achieve a comprehensive view on the customer Manage risk Case management

7 Basic Characteristics Poseidon AML is a unified system combining subsystems and modules: Case management Risk Management Reporting tool Rule tool Record keeping of procedures/cases Custom/ designated Live Near live Batch GROUPS SCORING Custom Rule design tool Direct matching Constant list update RULES LISTS Customer Risk Transaction Risk Channel Risk CLASIFICATION Reports Statistical Data Clever Visualization Profiling Due Diligence REPORTS Assignment of Roles & privileges KYC ROLES

8 Encapsulated Lists Database of people /companies that pose financial crime risk LISTS (automatic update mechanism): Richer Info with real time updates Profiles of entities in national and global Sanction Lists Government/regulatory watchlists PEP List OFAC Her Majesty Treasury List Bureau of Industry and Security Department of State EU Terrorism List FBI Top Ten Most Wanted Interpol Most Wanted ICE List (U.S. Immigrations and Customs Enforcement) Office of Foreign Assets Control (OFAC) Sanctions CBI List (The Central Bureau of Investigation) Sanction List (TEIRESIAS) (national) OWΝ PEP lists Preference for speed VS accuracy in list updates More accuracy Depends on the impact Quicker updates Survey on 500 risk executives globally, Dow Jones % 30% 16% Data Quality and Accuracy 49% 30% 21%

9 The needs on AML systems POSEIDON AML full compliance High-speed Accuracy Workflows Screen any data source Classification Customize /Reporting Easy integration Highly trained professionals Security Multiple Channel real time and batch assessment Data Accurancy/ False positives reduced - Near 0 false indications on the fly indication/profiling Workflow and regulatory processes from start to finish with a built-in case management system Flexible, scalable solution Automatic classification (Multiple criteria Predefined or custom based rules and categories) Hybrid Case reasoning, Rule Based System, Flexible Reporting tool Ability to built on system, supports expansion and integration Natech team: experience in complex AML Projects, agile methodology, direct support line System utilizes Natech s authentication system which supports multiple protocols, encryption mechanisms and heuristic algorithms We enable a significant decrease in false positive alerts due to tailored criteria to what you would like to see!

10 Key advantages Flexibility Scalability Easy: Implementation Use Highly configurable technology We give compliance professionals the tools to develop THEIR secure integrated AML procedures in the most simple, cost and time effective mode!

11 Implementations Banking Sector Implementation Date Clientele 2016 Most complex AML implementation in Greece 40% Payment Services 2016 Supports over 800 transactions / minute (4.400 / 5 minutes) 60% 2016 Over 500 Points (Branches / agents) 2016 Over clients 2012 Integrated with different 6 payment systems 2017 *PEP list service

12 Our clients opinion Money laundering is a real financial risk for the organizations, related directly to the protection of their reliability. Natech has the requisite know-how and software in order to deal with these risks. The system has unlimited expandability abilities in order to cover the needs of regulatory conformity of credit institutions. Poseidon is a modular yet transparent system offering Screening, Scoring, Monitoring, Profiling and Case management functionality. A user friendly system, easily configurable a useful AML tool for the demanding banking sector offered through our fruitful collaboration with Natech. The system is designed to operate real time on a 24/7 basis utilizing Natech s uniquely developed matching, scoring and prediction algorithms. Deloitte Bank of Greece evaluation Cooperative Bank of Chania Greek Postal Office (ELTA) We enjoy a collaborative relationship with our clients to help them get the most out of our data and technology!

13 Methods of acquisition Licensing Services Support Sanction Lists and PEP list services can be individually offered through a subscription based model: Pay per client /Pay monthly Check per client/batch check PRICING MODEL Monthly Charge Charge per Transaction Software as a Service On Cloud On premise

14 Technical Part POSEIDON AML SOLUTION Anti-Money Laundering and Counter- Terrorist Financing System with Anti-Fraud Functionality

15 Implementation with 3 rd party systems Poseidon AML has been implemented with various: Core Banking Systems Financial Services systems Kroesus POSEIDON AML Globus T24 CSB IBM Pulse POSEIDON AML Western Union System Money Gram System Risk Management System Case Management System Watch Lists POSEIDON AML Scoring Poseidon AML encapsulates subsystems and modules

16 Communication with Core Systems Excel / csv files Database - Trigger based queue based Flat files System integrates to other systems via multiple channels! Common (shared) Table structure Proxy server Web Services XML files

17 The bricks and pillars RESULTS ENGINE DATA CASE SYSTEM RULES GROUPS OBJECTS LISTS PATTERNS HUMAN INPUT TRANSACTI ONS PROCESSES DOCUMENTS

18 Entities Groups Objects Objects with common characteristics (can be defined) Employed customers Customers with income over 15K $ People living in specific areas Political exposed people Men/Women/Children d e c b a Characteristics based on which the system classifies entities and assigns risk factors Payment Insurance Unusual Transaction amount Relationship among different clients Employed/Unemployed People lacking justification documents f Deposits Risk assessment per group Assignment on (watch lists) Declaration of common business activities Define level of suspiciousness e f d b Create specific Objects, utilize them to define the required Groups! d b f e

19 Rules Rules use Objects Predefined or (and) custom Scoring algorithms to declare the risk level of each group! System enables Setting customizable rules according to the organizational strategy! Rules are applied in: Groups Transactions Procedures

20 Architecture Server Core Banking TERMINAL Technical characteristics and details Server N-system Interface Web service/ COMproxy POSEIDON AML XML messaging N-tier architecture Active Directory Authorization Ability to integration Exchange for case management Multi level authentication and authorization capabilities Built on Natech DRP Server Transfer Peripheral stations POSEIDON AML SQL Server / Oracle 11g RDMBS Heuristic Matching Hybrid (Case-feedback) quality matching Hybrid Case Based Reasoning (Rules and case based) OWΝ CONNECTIONS

21 POSEIDON AML SOLUTION Anti-Money Laundering and Counter- Terrorist Financing System with Anti-Fraud Functionality E X PA N D Y O U R S E R V I C E S! Credible, Simple & Agile Lorem Ipsum has two main statistical methodologies are used in data analysis which summarizes data from a sample using indexes Tempor mediocrem imperdiet no usu, tractatos salutatus ut est. Eu vel detraxit laboramus. Cu nam unum liber audiam. Headquarters / Customer Service of Ioannina 85 Stavrou Niarhou Avenue Ioannina PC Greece Tel: (+30) Fax: (+30) info@natech.gr Athens branch Kifisias & Delfon Avenue Amaroussion PC Attiki, Greece Tel: (+30) athens@natech.gr info@natech.gr