COMBAT: An Anti-Money Laundering Solution

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1 COMBAT: An Anti-Money Laundering Solution With COMBAT, detecting fraud is easy and reliable

2 Why Anti-Money Laundering? Money laundering is a global phenomenon that is widely affecting the society, human being, financial organizations. And its consequences create financial risks and social concerns as the money earned from these illegitimate means lead to antisocial activities like terrorism. It endangers the good functioning of financial organizations, dampens the FDIs, and tax revenues. With COMBAT comprehensive anti-money laundering and fraud management, financial organizations and banks can work integrated with transaction systems and analyze patterns in real time. COMBAT can also work on transaction data stores and identify suspicious transactions. With features like Watch-List Screening, Transaction Monitoring, and Regulatory Reporting, and KYC analysis, COMBAT is ultimate anti-money solution. A set of regulatory activities, laws, and procedures are prerequisites to combat against fraudulent and illegal monetary activities. Strong and roust functional and operational capabilities are inevitable for the financial organizations to tackle the threats and risks in financial affairs. A solution that must be based on reporting the issues, applying of customer due diligence and analyzing know your customer details is a must to combating these threats effectively.

3 COMBAT: An Anti-Money Laundering Solution COMBAT is robust and high-performing Anti-Money Laundering platform from Evolvus that helps detecting, monitoring and preventing fraudulent financial activities. In an Anti-Money Laundering (AML) implementation, the availability of customer data is pivotal. This enables identify and analyze issues and implement required on-time solution by identifying, preventing and reporting. Customer Information This typically has the basic customer information such as identification such as name, contact number and other personal and financial details. Most of the information in the above classified data forms the KYC information of the customer. Transaction Data This typically contains details about all transactions performed on the account along with counter party details. The transactions are extracted from individual systems like CBS, payments, loans, treasury, trade, and finance etc., based on the screening systems. Account Data This typically contains the nature of the product, ownership, account operation, currency, and account balance. The source of account information and customer data is the core of banking or the CIF or the CRM application of the bank.

4 Money laundering is a very sophisticated crime and we must be equally sophisticated Janet Reno Attorney General, the United States (1993 to 2001)

5 How Can Evolvus Help Combating Financial Fraud? A comprehensive anti-money laundering solution which helps financial institutions to mitigate risks while complying with local and international legislations. Core Functionalities KYC Includes scenarios and data structures to analyze authenticity KYC compliance beneficiaries. Transaction Monitoring The extensive scenario libraries workflow offers flexibility to work on alerts with agility and comprehensiveness. Watch-List Screening Enables banks to screen transaction messages against watch lists at rapid pace. Regulatory Reporting Helps to cover FIU reports and generate ad-hoc reports as required by local regulatory authority and management to review the compliance status.

6 Features KYC Screening On-boarding In this process the customer details such as name, PAN no. etc. are verified and are screened against the national databases to validate customer identity. On-going Monitoring For existing customer of the financial institutions, the system will rescan the customer details against the national databases in regular intervals as configured. Alert Generation For any violations of FIU typologies and possible matches to watch lists, alerts are raised on a dashboard during the Screening & Transaction Monitoring process. These are populated on an end user configurable dashboard. FIU Reporting COMBAT helps generating FUI reports based on inputs from the KYC details. The reports can be in XML / PDF / TXT formats as requested by the local FIU. MIS Report Generation COMBAT offers MIS reports for internal consumption by bank s compliance team and/or board of directors for decision making.

7 Transaction Monitoring Payment Transactions All payment transactions of the Core Banking and/or across all alternative channels are screened against the typologies as specified by the FIU. Rules Engine Typologies as specified by the FIUs against which all transactions (financial & non- Financial) are scanned to monitor any violations. Counter Party Analysis This is primarily for FI s who are entering and/or entered into a correspondent banking relationship with other FI s. Watch List Filtering Scan appropriate KYC details against multiple watch lists such as OFAC, UN, EU, Internal watch list and/or paid watch lists. API s are used for Accuity, DonJones and Thomson Reuters. Network Analysis For existing customer of the financial institutions, the system will rescan the customer details against the national databases in regular intervals as configured. Peer Group Analysis This analysis assists an FI to understand how their customers are behaving for real time watch list screening. Cross Border Wire Transfers Additional scanning happens against the following parameters to ensure no sanctions violations are unknowingly committed by the FI. Risk Rating Each customer is assigned a Risk Score this is based on various parameters such as nationality, products used by the customer, type of occupation (Salaried, Business Owner, PEP etc.), transaction history, country of residency, country of incorporation (for a business) etc.

8 Our Customers The Middle East Customers Indian Customers

9 We are a Payment Technology Modernization Company Evolvus Solutions is a Payment Technology Modernization company that provides financial institutions with innovative and robust payment solutions. With its state-of-the- art payment technology, Evolvus provides scalability, security and convenience that helps banks to excel in global payment space. Since its inception in 2007, Evolvus has pioneered in developing an exceptional payment platform that helps in a secure banking infrastructure. Evolvus is an ISO 9001:2008 certified company with its corporate headquarter and R&D centre in Bangalore, India and with a branch office in Dubai, UAE. With customer demography from across the globe, Evolvus has been providing 40+ innovative banking solutions to more than 27 banking customers from across the Middle East and India. Evolvus also has undertaken strategic data and system transformation projects between core banking and other systems.

10 Corporate Office Bangalore 10th Floor, Vayudooth Chambers, Mahatma Gandhi Road, Bengaluru, Karnataka Tel: info@evolvussolutions.com Evolvus, the Evolvus logo, Combat platform are trademarks of Evolvus Solutions Private Limited. 2016, Evolvus Solutions Private Limited