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Introducing Transaction Monitoring V2

Transaction Monitoring Knowledge & Training

Our focus at ComplyAdvantage has always been to ease the operational burden of AML compliance for our users, by offering a suite of configurable cloud solutions that leverage real-time risk insight.

As we move forward, we thought it was about time to give our Transaction Monitoring solution an upgrade. Don’t worry, you’ll still be able to do everything you can now, but things are going to look and feel a little different.

What’s new? Introducing Transaction Monitoring Version 2:

Zero Downtime Deployment

It is critical to make sure your business is not impacted due to software deployment activity. To make sure you’re always able to hit peak operational efficiency, Version 2 comes with zero downtime deployment, meaning there’s no wait time: updates will deploy immediately following on from this latest release.

Grouped Alerts by Entity

Our customers have already benefited from a 60% reduction in alerts with this feature, making investigations faster and more efficient.

By viewing alerts at an entity or transaction level, you are able to gain deeper insight into the risk patterns of parties in the transaction, while significantly reducing the number of alerts your team has to review.

Version 2 has the option to effectively consolidate transactions into a single meaningful analysis so that you can assess transactions in the context of the customer. Users can better identify changes in behavior over time per entity and spot suspicious behavior faster.display of alert changes

Intuitive Case Management

By clicking on the summary of a case, users will be directed to a view which shows all alerts, transactions and entities that have been added to the case. This improves the efficiency of the alert review process and reduces task load when engaging in multiple case management. Each case allows you to access and view alerts/transactions, add predefined comments and attach further documentation.

Automatic date and time stamps that correspond to user actions create an electronic audit trail that meets the requirements of regulators, banking partners and auditors. You can spot patterns and outliers by monitoring current transactions alongside historic transaction and behavior data.user display

New Look and Feel

We’re excited to announce a fresh new look for Transaction Monitoring. Version 2 offers new improved usability, with a clear layout and easier exploration of data. We have revamped the new interface design with ease-of-use in mind to promote greater navigation and alert efficiency.system transaction throughput

We’re Not Done Yet

Moving our customers to zero downtime deployment means we can continually upgrade the solution, without taking you offline. We have some new features that we’ll be releasing soon; so keep an eye out on our blog by signing up for our newsletter to receive further announcements.Learn more about our  real-time Transaction Monitoring solution here.

Originally published July 5, 2019, updated November 18, 2021

Disclaimer: This is for general information only. The information presented does not constitute legal advice. ComplyAdvantage accepts no responsibility for any information contained herein and disclaims and excludes any liability in respect of the contents or for action taken based on this information.

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