Base60 AML facilitates financial institutions in detecting and reporting any illegitimate activities; thereby prevents the fraudulent customers from uttering anymore-mischievous acts. Base60 AML has an enterprise wide approach in tracking and monitoring transactions focusing at hindering the persevering money laundering activities, efficiently and effectively. Base60 AML enables the financial institution to trace out the laundering activities of its customers by its dynamic rule based scenarios.
We claim Base60 AML as a complete end-to-end AML solution as it enables banks to achieve the below seamlessly using the best practices in the industry,
Enable profiling with continuously and quickly deployable rule engines and define both customer and transactions based profiles seamlessly.
Fully comply and yet have minimal impact on business by having a combination of 'near-real time' and 'batch' Transaction processing.
Manage the exceptional transactions/accounts using the configurable alert management module.
Achieve complete regulatory compliance quickly and cost effectively.
Reduce effort of implementation by providing extensive lists of parameters, risk thresholds, business rules and customizable templates.
Base60 AML enables integrated AML lifecycle management while delivering insight across the customer lifecycle to ensure efficient and cost-effective AML operations for a positive, holistic customer experience. Base60 AML management solution is modular and can be tailored to meet specific client's needs.
Banks powered by Base60 AML again the compliance assurance and seamlessly achieve the following business benefits,
Base60 AML, with the industry proven technology, enables Banks in complying with AML process requirements and helps achieve enhanced security against Money Laundering activities.
With Base60 AML solution, Banks and financial institutions can equip their systems with the following key features,
By deploying the Base60 AML, our client banks have dramatically reduced their cost and effort involved in Monitoring, Investigating and Regulatory reporting of suspicious transactions.
Base60 AML is a robust solution built on latest technology with Service Oriented Architecture; it is a web based solution with an enterprise wide approach that analyzes both the client profiles and all of their transactions using Rules based scenarios, Patterns and Monetary Thresholds. Base60 AML is built on J2EE architecture, thus, help banks achieve greater convenience and ease of use and achieve faster roll-out with minimal infrastructure investment.