Our engagement program is designed to delivery value in a cost effective way
Our experts have developed a progressive roadmap for strengthening financial crime compliance program.
Markets
We can take you through a tailor made journey to
strengthen your financial crime compliance program
We Understand you
- We understand your market having worked with your peers.
- We also know what it takes to manage a regulated product.
- We have the experience of delivered financial service through technology
…and can deliver as per your expectations
- We can deliver smart solutions that work in tandem with your existing products and services
- We can implement intelligent operations driven by transparent process
- We have a unique team of techno-functional financial crime experts
1. Review
Perform a quick review of your existing financial crime compliance program, which is executed by independent industry experts. The team would understand the design, assessment, and risk mitigation strategy with a two fold objective: a) to identify high risk areas and b) to provide another perspective to your compliance team.
- Review of AML / Fraud Risk / TP Risk / Data Security Program
- Share the checklist of 150+ questions designed to identify high-risk areas
- Requires very limited time of conducting two workshops with the experts
- Execute the review program in a short span of 1 to 2 weeks or less
- Deliver a heatmap dashboard that clearly identifies high risk areas
2. Assess
Our team of industry experts will perform a deep dive assessment of your current state to identify gaps and deliver roadmap for reaching the desired state. The team will look at different scenarios, map against maturity curve and compare against regulatory requirements to assess financial crime risks the business is exposed to.
Assessment Steps
- Understand existing program
- List key risks for high risk areas
- Test control design & effectiveness
- Evaluate residual risks
- Document gaps and roadmap
Risk assessment for
- Fraud Risk Management
- AML/CFT program
- Transaction Monitoring solutions
- Third Party Risk program
- Vendor Fraud Risk assessment
3. Execute
Our team of industry and technology experts can help execute the roadmap across the financial crime compliance domains covering data integrity, technology implementation or operating model. The team can provide end-to-end or modular services for compliance executives to execute the roadmap and related strategies. Within the financial crime compliance program, EntityVector can provide coverage across all key domains including AML/CFT, Fraud Risk Management, TP Risk (FCPA, UK-BA), Sanctions, KYC, Data Privacy, and other related areas.
- Implement AI / ML model for specific requirement
- Develop custom data analytics solution
- Implement off-the-shelf products
- Manage end-to-end financial crime compliance program