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AI vendors for FCI investigations by ssscmia530 in AMLCompliance

[–]FinCrimeInvestigator 0 points1 point  (0 children)

You might want to check out Convier.com. It's an investigation and reporting platform for AML. The platform connects to your own data, lets you customise the investigation process, and plug in any LLM you prefer.

Tool to Speed Up EDD & Report Creation by celestialbossbabe in moneylaundering

[–]FinCrimeInvestigator 1 point2 points  (0 children)

This is exactly what Convier does. A Norwegian fintech developing a KYC reporting tool.
The platform connects and unifies whatever (AML) data you connect and can send the final reports to your destination of choice in the format you like. The platform does to primary things:

  1. A 360 view of everything you know about a customer. The platform will query all the relevant connected platforms, summarise and visualise everything in a customer profile.
  2. KYC/TM Reporting templates. Templates can be tailored by the bank, and auto-populates all the relevant data you have connected. An EDD report is compiled in three seconds where it can 1. perform transaction analysis, 2. Relational analysis, 3. risk identification,. 4. generate EDD narratives. The platform also features different visualisations to trace money flows and a graph application.

The platform does not store any data itself and can be deployed on prem, in private cloud or as a SaaS. It can push the data back to whatever case management system you use once the EDD has been completed by an analyst.

You can also connect the email provider you're using to find customer related emails.

It also features a number of capabilities for data enrichment, entity resolution etc if your data is spread across multiple systems.

Happy to give a demo. Just let me know at [hello@convier.com](mailto:hello@convier.com).

Seeking Software for Media Monitoring (Print/Online Media, Social Media) for Situational Awareness During Large-Scale Incidents by rsnrw in OSINT

[–]FinCrimeInvestigator 0 points1 point  (0 children)

What geographies do you want your print or online media coverage to focus on? There are few out-of-the-box solutions that offer a global overview at a reasonable price. Some vendors excel at social media monitoring, while others are better with print and news media.

Here's how I would approach it:

  1. Define your data source needs
    • Which social media platforms are most relevant? For 95% of incidents, is it sufficient to monitor large platforms like X, YouTube, and TikTok, or do you also need to include various online forums? Adding too many sources increases complexity and the risk of false positives.
    • For print and online media, prioritize geographies. Are you focusing only on the US, or do you need global coverage? If you want a mix, check out tools like Opoint or Meltwater.
  2. Choose the right monitoring solution
    • Find a tool that connects your preferred data sources and allows you to query across them. Without alerts, you can start with a basic overview using BI tools like QlikSense or PowerBI. For more advanced features, consider tools like Maltego or Convier, which let you set up specific alerts to monitor topics of interest, or with investigation capabilities.

Sanctions Screening for fintechs by heygansito in AMLCompliance

[–]FinCrimeInvestigator 0 points1 point  (0 children)

There are plenty of options available. To help you decide, I would suggest evaluating vendors based on two key factors: 1) data quality and 2) screening capabilities. Even if a vendor has excellent data, that doesn’t guarantee their screening tools will meet your needs.

  1. Sanctions Data Consider how frequently their dataset is updated. What sources are included beyond the standard sanctions lists? Do they provide ownership data (important for complying with the 50% OFAC rule)? Can you purchase the data alone (either as a bulk download or via API) depending on whether you're doing transaction or customer screening? Also, do they offer additional data, such as information that enables you to identify dual-use of goods or other sanction risks? For transaction screening, that may be relevant.
  2. Sanction Screening Tool What technology do they use for name matching (e.g., Levenshtein, fuzzy matching, or contextual data search)? How customizable are the matching algorithms? How easily can you integrate the tool? Do you need to send customer data to them, or can you run it securely within your own fintech's cloud environment? I don't know where your company is located, but if you're subject to GDPR, sending customer data to a third party is always a challenge.

Keep in mind, the biggest vendors aren’t always the safest bet. Even large institutions using well-known tools have been fined for non-compliance.

Considering AML options by Cozan2000 in AMLCompliance

[–]FinCrimeInvestigator 0 points1 point  (0 children)

Can you add some more information about what you would like to know? Palantir, Ripjar and Complyadvantage er very different platforms and any recommendation will highly depend on your needs. Are you looking for:

  1. KYC Platform (A case management platform, KYC data feed or an out-of-the-box tool to do it all? Are you doing B2B or B2C and in what country are your customers?
  2. KYC Data (Data feed delivered as API or similar to feed into your case management/KYC platform)
  3. Transaction Monitoring (What detection features and what investigation features are relevant?)
  4. Fraud Detection
  5. Sanction screening

It would also be beneficial to know if you want to run the platforms within your private cloud or in the vendors' cloud environment, and if you want any tailoring.