We prevent financial crime for banks

BusinessForensics is a leading provider of KYC/CDD, AML & sanctions surveillance, and special investigations solutions for banks.
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ForensicCloud Platform

One modular, cloud-based platform.

ForensicCloud for Banks

ForensicCloud
Platform

Our cloud-first platform is built for today’s financial services companies — meaning faster updates, less provisioning, and lower infrastructure costs for you.

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Modular

Today, you need KYC. Next year, transaction monitoring. No matter your requirement, our modular solutions can handle it.

Scalable

Being built on the cloud helps us cater to financial services companies of all sizes — from SMB's to top brands.

Secure

We provide a compliant and secure hosted infrastructure, in accordance with ISO standards and ISAE3402 recommendations.

ForensicCloud in 60 seconds

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Client Risk Intelligence for Banks

The Power of Visualization

Client Risk Intelligence (CRI) aggregates multiple data sources to provide your bank with real-time visualization and analysis of all bank networks, transactions, and risk signals.

As a result, you’re able to detect risks early, take immediate action, and minimize exposure to regulatory violations and damages.

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billion
in AML fines issued in 2019 (EST. IN EUR)
%
of those fined violated sanctions
billion
revenue lost in 24 months due to fraud (est. in EUR)
million
Average monetary fine last year (est. in EUR)
Know your customer (KYC/CDD)

Collect, verify, and validate all information about your clients, then easily generate and assign a risk rating.

Special Investigations

Use data-driven investigations and workflows to handle all compliance alerts, irregularities, and integrity risks.

AML & Transaction Monitoring

Stay on top of bank regulations for AML/CFT and sanctions with integrated monitoring, detection, and alert handling.

Client Risk Intelligence for Banks

A dynamic 360° risk profile to detect, prevent, and mitigate bank risk.

Client Risk Intelligence (CRI) monitors, identifies, and aggregates all risk while using our proprietary scoring model to assign an integrity risk score to each customer and scenario.

✔️ Eliminate silos across KYC, AML, and fraud investigations so you can close cases faster and more accurately
✔️ Detect, prevent, and investigate money laundering, fraud, and compliance violations with a holistic view of risk across your bank
✔️ Reduce false-positives and improve the effectiveness and efficiency of bank employees 
✔️ Up-to-date insights on your clients so your bank can make informed decisions to reduce regulatory, financial, legal, and reputational risk.
✔️ Reduce compliance costs and create operational efficiencies with case management and advanced analytics  
✔️ Peace of mind in knowing you have a secure, end-to-end fraud management process
✔️ Easily meet regulatory compliance obligations

The dynamic risk score can be used as input for SIRA, IFRS, and as a benchmark for reducing your overall risk profile.

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Know Your Customer (KYC) for Banks

Know Your Customer
KYC/CDD Features

Take charge of your KYC process, accurately identify new clients, and maintain compliance with EU Anti-Money Laundering directives. 

Identify financial crime — before it happens.

IDENTIFICATION & VERIFICATION

✔︎ Separate criminals from valued customers faster with predefined parameters
✔︎ Standard workflows
✔︎ Automated verification process
✔︎ Seamless integration with internal and external data sources for agents
✔︎ GDPR compliant

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SANCTIONS & PEP SCREENINGS

✔︎ Sanctions lists
✔︎ PEP lists
✔︎ Adverse media lists
✔︎ Automated IVR/EVR checks
✔︎ White listing

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CLIENT RISK RATING

✔︎ Scoring model for unambiguous risk rating
✔︎ Comparison of risk rating within peer groups
✔︎ Periodic account reviews initiated from signals and requests (internal and external)

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CRI for Banks

Benefits of the KYC/CDD Module

  • End-to-end KYC process enablement for banks

  • One central application for all client information

  • SIRA and GDPR compliant

  • Full integration with other modules

  • Intuitive screens providing situational awareness

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Special Investigations for Banks

Special Investigations

Take control of fraud alerts and irregularities with straightforward workflows, Extended Due Diligence (EDD), and case management with data source integration — putting all your relevant case details in one place.

Conduct a compliant investigation — from case management to reporting.

CASE MANAGEMENT

✔︎ Automated and standardized workflows to handle all alerts and cases
✔︎ Complete process audit trail for increased accountability
✔︎ W7 Standard for consistent data interpretation

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DATA-DRIVEN INVESTIGATION

✔︎ Link analysis between alerts and cases, situational awareness, and actionable intelligence
✔︎ Strong visualization of complex risks through network diagrams and behavioral profiles
✔︎ Connectivity with internal data sources, official authorities, and registries

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REPORTING

✔︎ Personalized home screen
✔︎ Customizable interface
✔︎ KPI dashboard, standard letters, and reporting
✔︎ Comprehensive dashboard with to-do's, action items, and journal

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CRI for Banks

Benefits of Special Investigations

  • Fully integrated with KYC, AML, and Fraud Surveillance modules

  • End-to-end Special Investigations process

  • A central application and standard workflows for all departments

  • Intuitive screens with advanced network analysis

  • GDPR compliant and high-quality case files, guaranteed by our proprietary W7 Standard 

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AML & Sanctions Surveillance for Banks

AML & Sanctions Surveillance

When your bank needs transaction monitoring, investigations, and all requirements for regulatory compliance in one module.

Compliance, automation, and alerts worth investigating.

MONITORING & DETECTION

✔︎ A rules and decision-engine for monitoring transactions
✔︎ Screening and list matching of all counter parties and legal persons involved
✔︎ Signal generation for scenarios based on business rules and features
✔︎ Rules maintenance including audit trail and testing

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ANALYSIS & HANDLING

✔︎ Link analysis that combines all investigation processes — from all modules
✔︎ Automated process for quickly handling objective signals
✔︎ Reduced false positives and increased safeguarding of accountability.

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RISK SCORING

✔︎ Real-time risk score adjustments for increased monitoring scrutiny
✔︎ Alert shaping process to prioritize and determine relevance
✔︎ Connectivity with 3rd-party monitoring tools for enhanced signal integration

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CRI for Banks

Benefits of AML and Sanctions Surveillance

  • Built to fully integrate with KYC/CDD and Special Investigations modules

  • Robotic Process Automation (RPA) for quick and easy handling of signals, alerts and false positives

  • End-to-end AML surveillance, built for financial services

  • One central application for all regulatory compliance related to AML & Sanctions 

  • Continuous feedback loop for human-to-machine learning    

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How it Works

A Three-Step Process to Get Started

01
01
Challenges

We identify and address your most critical challenges, then propose a road map to achieve even better results.

02
02
Value

We demonstrate how each result provides the most value for your organization, and set up reference visits so existing customers can share their experience with you.

03
03
Agreements

Once a solution has been identified, we move forward with the license, project, and service agreements.

01
Challenges
We identify and address your most critical challenges, then propose a road map to achieve even better results.
02
Value

We demonstrate how each result provides the most value for your organization, and set up reference visits so existing customers can share their experience with you.

03
Agreements

Once a solution has been identified, we move forward with the license, project, and service agreements.

Return-on-Investment (ROI)

Proof of Concept

Need to make a financial case for acquiring fraud, KYC, or CDD solutions for your bank? 

With a proof of concept, we use your data to show you the savings potential and ROI of moving forward with an integrity risk management solution today.

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