Commercial Indo Bank Goes Live with Diasoft’s Microservice Customer Screening Solution

October 26, 2021

Commercial Indo Bank and Diasoft announced that they completed the project for implementation of Diasoft Customer Screening solution built on the microservice architecture.

The bank had to quickly automate customer screening against watch lists of suspicious persons and organizations. It required a reliable tool for quick screening and decision-making on matches with different watch lists: the list of organizations and individuals suspected of being involved in extremist or terrorist activities, the United Nations Security Council Consolidated List, the EU Consolidated List of Sanctions, and others.

Diasoft analyzed the bank’s requirements and offered the pilot project based on its microservice solution, part of the broader Digital Q.Risk&Compliance platform.

Due to pre-integrated low-code tools, Digital Q.Risk&Compliance was  easily customized to the bank’s requirements: the bank could implement its own control procedures and add alternative watch lists for customer screening. The new technology ensured real-time screening of all transactions and customer data and helped mitigate the risk of dealing with suspicious parties or transactions.

The whole project was completed within two months, which included pre-project analysis of the bank’s infrastructure, solution customization, implementation, staff training and go live.

Today, Diasoft’s innovative solution helps the bank to complete all customer screening steps automatically: starting from download of watch lists to automatic screening of transactions with their optional suspension and account blocking. The advanced microservice architecture of the solution allows the bank to quickly and flexibly develop it in the future.