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DIGITAL Q
RISK& COMPLIANCE

PROTECT YOUR BUSINESS REPUTATION
BY MITIGATING REGULATORY COMPLIANCE RISKS

DIGITAL Q.
RISK&COMPLIANCE
The platform helps financial and non-financial institutions to manage their risk & compliance tasks regardless the size or specifics of their business
DIGITAL Q.RISK&COMPLIANCE
IN THREE EASY STEPS
  • COLLECT DATA
    Collect information on customers/counterparties and their transactions from different systems (core banking, public registers, etc.). Enjoy benefits of a single information environment for convenient representation of data
  • VERIFY DATA
    Verify data based on configurable control scenarios (risk level, suspicious transactions, suspicious customer activities, etc.)
  • TAKE MEASURES
    Suspend transactions or block accounts upon detection of suspicious transactions and risks (use requests for details, reasoned opinion, monitoring of matches, AML/CTF questionnaires, investigations)
0 + years
platform development
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out-of-the-box control scenarios
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successful implementations
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verified transactions per second

BUSINESSARCHITECTURE

AML
  • Mandatory control (identification of customer business activities and transactions that are subject to mandatory control)
  • Identification of unusual and suspicious transactions
  • Identification of suspicious business activities of a customer
  • Reporting
  • Identification of the risk level
  • AML/CTF forms
Customer Screening
READ MORE
  • Download of watch lists of suspicious persons and entities (support of multiple watch lists)
  • Support of custom watch lists
  • Detection of matches with watch list entries during pre-screening
  • Detection of matches against watch list entries by customer/ counterparty or by transaction
  • Analysis of matches
  • Reporting on matches
FATCA*
  • Identification of US tax residents among individual and business customers
  • Identification of contracts (accounts) that belong to US residents
  • IRS reporting** (Form 8966)
  • Reporting by local reporting standards

* Foreign Account Tax Compliance Act

** Internal Revenue Service of the USA

CRS*
  • Identification of tax residents of foreign states and persons or entities without residence
  • Identification of contracts (accounts) that belong to residents of foreign states or persons without residence
  • Reporting to local tax authorities

 

 

* Common Reporting Standard

Limit Management
  • Monitoring if limits are up-to-date and if the limit amount has been reached
  • Reserving limits for planned transactions
  • Approval of excess limits
Monitoring of Loan Agreements
  • Monitoring of execution of terms and conditions of the loan agreement (usage of the loan for the approved purpose; timely payment of the loan principal, interest and fees)
  • Monitoring of the borrower’s financial position
  • Monitoring of the borrower’s cash flows
  • Assessment of availability, safe-keeping and integrity of the collateral
  • Manual and automatic processing of results of the monitoring with the pre-set frequency
  • Identification of bad credits based on results of the monitoring

PLATFORMFEATURES

  • Online and offline control
  • Single-screen access to data for verification and decision-making by a responsible person
  • Flexible intuitive setup of monitoring scenarios
  • Out-of-the-box monitoring rules
  • Analysis based on the set of objects for the selected period
  • Automatic processing of controlled objects
  • Automatic reporting
  • Support of generation of requests to company customers and employees
  • Notification of responsible employees on important events in the system
  • Centralized storage of all important system events
  • Multiple filters for selection of required data
  • Monitoring of dates of update of data and risk levels
  • Easy implementation of other platform components as and when needed

BUSINESSADVANTAGES

  • Mitigation of risks that can cause sanctions, penalties or reputational damages
  • Quick support of regulatory changes
  • No significant investments: a customer can implement separate platform components as and when needed and plan its budget based on the current tasks
  • Ability to expand the set of implemented components to solve all tasks of the Risk & Compliance department

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    ARCHITECTURALPRINCIPLES

    SOFTWARE DEVELOPMENT PRINCIPLES
    • Open, reliable, scalable, event-driven, microservice architecture
    • Applications (Packaged Business Capabilities, PBCs *) and their services are created by a single team and for all channels at once
    • Development of PBCs is based on technological low-code development platforms that comprise the digital transformation ecosystem
    • Technological platforms and channels do not contain any product logic
    • Use of the standard stack of technologies and focus on open-source software
    UI/UX PRINCIPLES
    • Omnichannel, process-oriented environment for all user functions
    • Use of the same UX/UI logic in all channels
    • Single system for user identification in all channels
    • Management of functions that are available in each channel at the user level
    • RPA and AI
    • Each business development platform comprises all PBCs that cover all needs of a specific user group

    CUSTOMERS ANDCASES

    • CHINA CONSTRUCTION BANK
    • FORA-BANK
    • ROSEXIMBANK
    • SOYUZ BANK
    • IIB
    • OTP BANK
    • NOVIKOMBANK
    • SME BANK
    • KOSHELEV-BANK
    • SDM BANK
    • BANK ORANGE
    • DENIZ BANK
    • BNP PARIBAS
    • URAL FD
    • KHASBANK
    • AK BARS BANK
    • METALLINVESTBANK
    Click the button below to download a detailed overview on our solutions DOWNLOAD THE BROCHURE
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    Commercial Indo Bank
    Commercial Indo Bank
    PROJECT GOALS

    The goal of the project was to automate customer screening against watch lists of suspicious persons and entities

    PROJECT FEATURES

    Within the project, Diasoft implemented the Customer Screening solution built on the microservice architecture at the single-office bank

    During the implementation, the customer changed settings of monitoring scenarios and added additional watch lists for monitoring of customers and transactions, which was rapidly supported by the vendor

    PROJECT RESULTS
    • The innovative solution helps the bank to complete all customer screening steps automatically and in real time: starting from download of watch lists to automatic screening of transactions with their optional suspension and account blocking
    • The new technology ensures real-time screening of all transactions and customer data and helps mitigate the risk of dealing with suspicious parties or transactions
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    METALLINVESTBANK
    METALLINVESTBANK
    PROJECT GOALS

    The goal of the project was to automate business processes in compliance with the CRS standard

    PROJECT RESULTS
    • The solution was implemented as is, without enhancements and modifications
    • The functional capabilities and technological features of the solution fully met the bank’s requirements
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    PROJECT GOALS

    The goal of the project was to automate identification and analysis of suspicious transactions and support generation of reports in compliance with the regulations

    PROJECT FEATURES

    Digital Q.AML selects transactions for validation and generates reports based on the result of the analysis

    Since the AML regulations dramatically changed during the project, the vendor had to timely make significant changes in the solution

    The project involved integration of five bank systems

    PROJECT RESULTS
    • Implementation of the solution for monitoring and detection of suspicious transactions in order to mitigate the risk of completing ineligible transactions
    • The system allows quickly setting up new control rules upon implementation of new regulatory requirements

    CONTACT US

    If you have any questions on the platform Digital Q.Risk&Compliance please contact us using the form on the right

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        Request a demo

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          Download the product overview

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              Register for the Webinar

              Using a Product Factory to quickly design and launch digital products & services for your bank

                25 May 2023, 14-00:15-30, Hanoi, Vietnam








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