Challenges
Financial institutions are challenged with fighting fraud and financial crime in an environment of enhanced regulatory scrutiny. The regulatory environment has caused financial institutions to evaluate the management of their anti-money laundering (“AML”), fraud and sanctions compliance programs to ensure tighter internal controls while increasing operational efficiencies.

The Solution
Pegasystems SmartTriage functionality within its Financial Crime Management (FCM) Framework automates the management of alerts and investigations to ensure compliance while reducing the number of false positives. The framework allows financial institutions to embrace rules-driven business process management (BPM) as they benefit from Pegasystems’ depth of industry knowledge and best practices in financial crimes investigation case management.