Risk, Fraud & Compliance

Financial institutions have to manage risk, fraud, and compliance on many fronts, as monetary loss can be significant and the penalties for non-compliance can be severe. Organizations today must implement programs for Anti-Money Laundering (“AML”), Know Your Customer (“KYC”), OFAC and Global Sanction regulations, specialized programs for fraud, and more. They require solutions that provide control, transparency, and the flexibility to respond to known and unknown risks that are time-sensitive.

Pegasystems’ solutions are perfectly suited to help institutions regain control over risk, fraud and compliance challenges. Our market-leading SmartBPM suite provides end to end control by intelligently risk-rating, auto-resolving, and reducing the number of false-positives from multiple detection systems; routing, tracking, researching, and escalating investigation case work; identifying relationships in suspicious activity across the organization; and ultimately resolving fraud and suspicious activity. Flexible reporting capabilities provide real-time operational dashboards and historical trend analysis, while automated fulfillment capabilities support activities such as secure SAR e-filing. Security and audit-trail features ensure transparency and compliance to regulations. Build for Change technology enables organizations to rollout changes in weeks vs. months.

Delivering Real-world Results

Using Pegasystems' Risk, Fraud and Compliance solutions, some of the world's largest financial institutions have realized significant benefits:

• 20% improvement in loss avoidance
• 60% decrease in manual processing
• 30% increase in investigations efficiency
• 98% resolution of case backlog
• 70% decrease in time required for KYC customer due diligence

Find out more about Pegasystems’ Financial Crimes Management framework.

Find out more about Pegasystems’ Know Your Customer solution .