Digital Q.Risk&Compliance Has Been Enhanced with Data Visualization Tools

April 16, 2024

Diasoft has enhanced the capabilities of its Digital Q.Risk&Compliance platform by incorporating advanced tools for visual data analysis. These tools provide robust capabilities for visualization, monitoring, and analysis of data and enable real-time access to insightful information on the progress and results of screening of transactions, customers and counterparties against watch lists of sanctioned and suspicious persons.

In response to the stringent regulatory and market requirements to the automation of AML/CFT tasks, flexible functional tools are vital to ensure effective control. The data visualization tools embedded in the Digital Q.Risk&Compliance platform empower users with comprehensive, accurate data for informed decision-making and prompt response to detected risks.

With the intuitive low-code toolkit of the Digital Q.Sensor platform, users can effortlessly create and customize charts, tables and dashboards for in-depth analysis of important processes and KPIs. Additionally, the platform offers pre-configured customizable charts that can be tailored to specific user needs.

The new functions of the Digital Q.Risk&Compliance platform enable data visualization across various domains, including:

• Detailed insights on matches identified during a specified period. The platform visualizes information about matches with watch lists used to check customers, counterparties and transactions. This includes the number and criteria of matches, watch lists that contain most of matches, statistical analysis on the processing of detected matches.
• Comprehensive statistics on assigned mandatory control codes. The visual reports provide valuable data on the number of identified suspicious transaction and their assigned codes, including correct and false identifications. This allows checking if the system runs correctly and facilitates adjustment of system configurations as needed.
• Visualization of integration flows. The graphs present crucial information on the interaction between the bank's IT system and the KYC/AML system. This includes the number of transmitted transactions and control objects, along with the statistics on the response sent to the IT system.
• Data on financial flows. Visualization of these data empowers effective tracking of suspicious transactions.

In addition, the platform allows for individual customization of data visualization tools and monitoring indicators for each employee, tailored to their specific responsibilities. This ensures that AML/CFT managers and narrow specialists have access only to the information relevant for their specific tasks.