Compare the key strengths of the 6 top transaction monitoring software vendors
AI-powered transaction monitoring solution
Reduce false positives by 70%
Our solution learns from your analysts and data.
Allows you to prioritize and focus on the greatest risks to your business.
Use your own rules and benefit from AI
Create your own transaction monitoring solution by choosing from our library of red flags and suspicious activity scenarios. Set thresholds based on your risk exposure.
Where rules are unable to detect specific activity, our AI capability fills the gap to precision.
Reduced false positives by up to 70%
Saved 80% of time spent on building risk scenarios
Monitored billions of transactions at 100 TPS with sub second response time
Went live within 2 weeks
TransferMate is one of the world’s leading B2B payments infrastructure-as-a-service companies. Based in Ireland, the company enables individuals and businesses to make seamless, cost-effective cross-border payments in more than 201 countries and 141 currencies.
Lumon has provided overseas payments and foreign exchange services to private individuals, small-to-medium enterprises (SMEs), and larger corporates for over two decades.
HTB is working to stay ahead of the rapidly evolving financial crime landscape, and the growing sophistication of fraudsters. To support this work it was looking for a transaction monitoring and screening solution that would meet the needs of its growing customer base while safeguarding the bank’s reputation.
The ComplyAdvantage API enables you to integrate your systems with our services to automate many of the functions available through the web user interface. Our API follows the REST convention and accepts and returns JSON data. View our API docs.
The transaction monitoring solution uses an advanced rules-based system to evaluate the AML/CTF risk of a transaction in real-time. These rules include:
These rules are created and deployed during the implementation of your solution as this allows you to concentrate on the areas that will benefit your business the most (i.e., resolution of cases).
It is possible to select and export transaction data as a CSV file to use outside the ComplyAdvantage platform as needed. This contains all input data as well as additional output such as rule and alert information from the system.
Rules are completely customizable. Our transaction monitoring system can run on any data that you provide to us (data that is captured within a transaction). This not only allows the engine to detect suspicious scenarios specific to your financial institution but also allows the tool to speak in your language, using your own variables, codes, definitions, etc., that are unique to you.
Various factors will impact how you set your thresholds, including effective customer segmentation, statistical analysis, and – crucially – tuning. ComplyAdvantage’s implementation and success teams will review your data alongside their industry expertise to recommend changes over time.
What is AML Transaction Monitoring?
How to Set AML Transaction Monitoring Thresholds
EN
FR