Board members and executives are often failing in knowing the status of BSA/AML compliance risks facing their bank. AML360 uses specialised regulatory technology to deliver the right level of data to keep banking stakeholders informed.
As a bank’s survival
ultimately depends on the board’s decision making
processes, without an effective
reporting methodology, the stakeholders are
not receiving prerequisite regulatory data. AML360 automates these controls reducing regulatory risk.
People process visualisation up to 60,000 times faster than text and the average person only
remembers about a fifth of what they hear. That's why we incorporate heat maps and summary tables to executive reports. We ensure BSA/AML at the right level.
AML360's interactive reports
allow executives to drill down through various data levels at the click of a
Being able to instantly deploy AML360's plug-and-go management reporting solution
will allow the bank to focus on its core capabilities.
For banks that have an existing risk model developed within a spreadsheet, AML360 can
transfer this methodology direct into its technology. By doing so, the bank transitions from a manual process to a sophisticated digital solution.
To protect the bank from regulatory enforcement action, board members and
executives need independent management reports that
inform on strengths and weaknesses of the
bank's AML compliance framework.
AML360 enables BSA/AML stakeholders within a bank to discharge their AML governance duties in a simplified, ongoing reporting methodology that delivers data quality and knowledge at the right level for banking executives.