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Anti Money Laundering Solution | Nelito

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Anti Money Laundering Solution | Nelito

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  1. Nelito Systems Limited Anti Money Laundering solution © Nelito Systems Ltd. 2013 1

  2. Table of contents Business drivers Money Laundering Overview Risks associated with laundering FinAML overview Solution architecture Technology and software stack Customization Nelito value proposition 4 5 8 9 12 14 15 17 © Nelito Systems Ltd. 2013 2

  3. Our Commitment “Solutions that Perform” We solve business problems of our clients through solutions based on customer involvement, deep domain knowledge, innovative technologies and personalized service support We deliver what we commit 3 © Nelito Systems Ltd. 2015

  4. Corporate Snapshot Head Quartered at Mumbai 45+ Service Locations 800+ Professionals 100+ Banking Clients • • BFSI Focused Solutions with own IPR Products and product based services in the area of Transaction and Payment Systems, Analytics and DW, Mobility & e-Governance Leadership position in Automated Data Flow (ADF) MIS vis-à-vis compliance to Central Bank of thecountry Providing Manpower with varied Professional IT Skill sets to Banking and Non Banking organizations in India & International locations. • • Partners 4 © Nelito Systems Ltd. 2015

  5. Offerings Portfolio :- Products Analytics Transaction & Payment Systems Payment systems Mobility Mobility & DW Transaction & Payment Systems • Mobile Banking • CTS • Transaction: • Data Quality • Internet Banking • NACH • FinCraft CBS • Cleansing • Door Step Banking • SWIFT • PACS • Classification • E-KYC and • IMPS • SACOS • Enhancement Customer On- • DBT • AML Boarding • ABPS • Reconciliation • LMS 5 © Nelito Systems Ltd. 2015

  6. Offerings Portfolio : Services Data Payment management services Transaction IT Services Mobility management services management services Transaction & Payment Systems • BPO Services • IT Infrastructure Management Services • Professional Consulting Services • 3rdParty CBS Implementation and Roll out Services • Customer On- Boarding services • Card management services • Reconciliation services • Customer identification services • Financial inclusion • NPA monitoring and management • SAP BO • IBM Cognos • Data quality services • Data enrichment services • MIS • CTS • MMS • SWIFT services 6 © Nelito Systems Ltd. 2015

  7. Customers FinCraft CBS Banks Other Banks 7 © Nelito Systems Ltd. 2015

  8. Customers Other Solutions and Services International e-Governance Hutch Telecom Sri Lanka 8 © Nelito Systems Ltd. 2015

  9. Business drivers Automatic verification of cases against scenarios provided by IBA/RBI Identification of customers Need for verification of customers against published lists The monitoring of transactions and reporting of suspicious activity To comply with the stringent procedures laid out by the RBI and other regulatory bodies 9 © Nelito Systems Ltd. 2013

  10. Our Commitment “Solutions that Perform” We solve business problems of our clients through solutions based on customer involvement, deep domain knowledge, innovative technologies and personalized service support We deliver what we commit 10 © Nelito Systems Ltd. 2015

  11. Corporate Snapshot Head Quartered at Mumbai 45+ Service Locations 800+ Professionals 100+ Banking Clients • • BFSI Focused Solutions with own IPR Products and product based services in the area of Transaction and Payment Systems, Analytics and DW, Mobility & e-Governance Leadership position in Automated Data Flow (ADF) MIS vis-à-vis compliance to Central Bank of thecountry Providing Manpower with varied Professional IT Skill sets to Banking and Non Banking organizations in India & International locations. • • Partners 11 © Nelito Systems Ltd. 2015

  12. Offerings Portfolio :- Products Analytics Transaction & Payment Systems Payment systems Mobility Mobility & DW Transaction & Payment Systems • Mobile Banking • CTS • Transaction: • Data Quality • Internet Banking • NACH • FinCraft CBS • Cleansing • Door Step Banking • SWIFT • PACS • Classification • E-KYC and • IMPS • SACOS • Enhancement Customer On- • DBT • AML Boarding • ABPS • Reconciliation • LMS 12 © Nelito Systems Ltd. 2015

  13. Offerings Portfolio : Services Data Payment management services Transaction IT Services Mobility management services management services Transaction & Payment Systems • BPO Services • IT Infrastructure Management Services • Professional Consulting Services • 3rdParty CBS Implementation and Roll out Services • Customer On- Boarding services • Card management services • Reconciliation services • Customer identification services • Financial inclusion • NPA monitoring and management • SAP BO • IBM Cognos • Data quality services • Data enrichment services • MIS • CTS • MMS • SWIFT services 13 © Nelito Systems Ltd. 2015

  14. Customers FinCraft CBS Banks Other Banks 14 © Nelito Systems Ltd. 2015

  15. Customers Other Solutions and Services International e-Governance Hutch Telecom Sri Lanka 15 © Nelito Systems Ltd. 2015

  16. Money laundering overview Money Laundering is the process by which illegally gained money is converted to clean assets thus making it hard to trace a path back to the origin of the proceeds. It involves: Placement – Deposit of illegal proceeds in financial institution. Layering – Use of complex transactions to disguise the audit trail and provide anonymity Integration – Money is now integrated into the legitimate financial system and is assimilated with all other assets in the system. 16 © Nelito Systems Ltd. 2013

  17. Money Laundering Overview Ease of detection high Difficult to detect Investment in business Offshore account A Japan account INTEGRATION PLACEMENT Illegal Money Legal Money Indian account LAYERING Offshore account B London Account Bank Offshore account Offshore account C Investment in business Expensive purchases Money Laundering Techniques Employed Payable through accounts Loan back arrangements Connected Accounts Forex Money Changers Credit / Debit cards Companies Trading and Business Activity Correspondent Banking Lawyers, Accountants and other Intermediaries Misuse of Non Profit Organization Legal sources of Terrorist funding Collection of Membership dues Sale of Publications Cultural and Social Events Door to door solicitation within community Appeal to wealthy members of the community Donation of a portion of Personal Savings Illegal sources of Terrorist funding Kidnap and Extortion Smuggling Fraud including Credit Card fraud Misuse of non-profit organization and Charities fraud Thefts and Robbery Drug Trafficking • • • • • • • • • • • • • • • • • • • • • • • • 17 © Nelito Systems Ltd. 2013

  18. AML - Regulations 18 © Nelito Systems Ltd. 2013

  19. FinAML FinAML is an enterprise scale real time monitoring and surveillance solution for financial services organizations Uses rule based surveillance engine that monitors current transactional data, non transactional data and historical data for suspicious trading patterns. Extensive library of analytical foundations and detection models helps organizations to be compliant with AML regulations 19 © Nelito Systems Ltd. 2013

  20. FinAML overview The following broad scenarios are integrated into FinAML but it can be customized for other purposes as well: Trading Banking KYC • Insider trading • Front running • Tail gating • Wash trades • Price ramping • Painting the tape • Layering • Trading volume spike • Trading price spike • Passive and large orders monitoring • Excessive cancel and corrects • Frequent changes to instructions • Excessive ATM Activity • Burst in beneficial activity • Circulation of funds • Excessive cash/cash-equivalent transactions • Frequent loan activity • Monitoring transactions of Politically active persons (PEP), Non-Cooperative Countries or Territories (NCCT), FATF blacklist countries • Early repayment of loans • Frequent client data changes • Frequent ownership structure changes • Suspicious events after change in client data • Screening of accounts with incomplete KYC data • Hidden client links • Logical client links 20 © Nelito Systems Ltd. 2013

  21. Solution functionality Capability to generate alerts on all 61 scenarios prescribed by IBA/RBI Highly customizable and allows generation of future scenarios Ability to provide PAN verification of customers Allows for the automatic filing and sorting of STR alerts based on different parameters Supports all popular formats of reporting Repository for generated STR alerts Provides audit trails for the activities of all users Provides risk categorization of all the customers Exercises extra due diligence for high risk customers Provides different reports regarding deficiencies in KYC and other features 21 © Nelito Systems Ltd. 2013

  22. Solution architecture 22 © Nelito Systems Ltd. 2013

  23. Salient features 23 © Nelito Systems Ltd. 2013

  24. Technology and software stack 24 © Nelito Systems Ltd. 2013

  25. Customization project scope 25 © Nelito Systems Ltd. 2013

  26. Customization process 26 © Nelito Systems Ltd. 2013

  27. Nelito value proposition 27 © Nelito Systems Ltd. 2013

  28. Customer value proposition • Eliminate on manual processes, minimizing risk of error • Reducing costs • Freeing staff from routine number-crunching, redeploying into higher-value activities Operational Excellence • Greater Financial Control • Standardization of methodologies around the enterprise • Able to set risk thresholds, data access and other controls centrally • Better compliance with regulatory requirements Risk Mitigation • Timely real time Monitoring • Faster Processing– a million transactions reconciled in 2.39 minutes (as tested by HP) • Intelligent Surveillance Engine to detect and report focused violations. Performance • Enterprise Solution, seamless integration with virtually any Upstream & Downstream Systems • Highly flexible and Customizable via Configuration • Customer Specific Customization via Configuration for any data structure, business rules and reporting Fast Implementatio n 28 © Nelito Systems Ltd. 2013

  29. THANK YOU Get in touch 205-208 Bldg 2, Sector 1 Millennium Business Park Navi Mumbai 400 710 Tele: (+91-22) 6713 5555, 6713 5600 Fax: (+91-22) 6713 5503 © Nelito Systems Ltd. 2013

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