Service Overview

Intelligent Compliance as a Service (iCaaS) is a secure cloud native offering that com-bines next generation AI-powered and data-driven financial crime compliance. The service guards financial firms against financial crimes to comply with the strict regulations across numerous jurisdictions.

With the increasing cost of compliance, lack of sanctions expertise, and heightened pressure from regulators , financial firms are being forced to be more innovative in handling compliance in a demanding and dynamic market. 

Why iCaaS

Integrated financial crime and compliance: An full fledged compliance platform covering Sanctions Screening, Transaction Monitoring, Fraud Detection, and KYC.

Cutting-edge and future-proof technology: Plug-and-play deployment and configuration through REST APIs with scalable platform to meet future business growth needs

Cost-effective: Pay As You Go - only pay for what you need/use and trade upfront capital expense for operating expense

Dramatically low false positive rate: Using an industry-leading combination of Natural Language Processing and Machine Learning, iCaaS offers lowest possible false positive rates.

Business Solutions

The platform offers a fully integrated AI-powered financial crime compliance APIs for watchlist and Sanctions, AML, KYC and fraud detection. Key Business Solutions for iCaaS include:

• Name Screening: Screening of structured and unstructured names against sanctions, PEPs, adverse media, and other custom lists and automatically suppressing alerts based on previous decisions.
• Payments Fraud: Real-time monitoring for payments. Behavioural profiling using supervised, unsupervised, and reinforced machine learning based models.
• Transaction Screening: Real-time and batch mode screening of any domestic or cross border transaction using AI, lower false positives and higher STP.
• Transaction Monitoring: Detection of AML in suspicious and unusual transactions and behaviour anomaly. Profiling & seg-mentation using Machine Learning for customers, segments, and transactions.
• KYC: Meet  all your know-your-customer requirements during on-boarding and continuous  customer  due diligence including customer risk scoring.