Siron® Anti-Financial Crime Solutions

Integrated with monitoring systems, FICO® Siron® RAS creates and easily updates institution-specific risk analyses to adopt risk-based approach mandates. The product comes with an extensive database of predefined risk factors and potential prevention measures based on the most-up-to-date industry knowledge.

As a solution for managing KYC compliance throughout the customer relationship lifecycle, FICO® Siron® KYC supports the risk classification process of new and existing customers. It matches customer information with sanction and watch lists in real time and automatically identifies beneficial owners and politically exposed persons.

The risk-based FICO® Siron® AML solution for monitoring suspicious transactions and non-transactional events includes rules, basic analytical profiling, as well as advanced analytics with both supervised and unsupervised machine learning — enabling banks to implement the right level of sophistication for their business.

FICO® Siron® Embargo is Instant Payments ready and provides real-time filtering capabilities of SWIFT, SEPA, and other formats, including user-defined lists of sensitive words, stop words, and a rules engine to not only screen against lists, but allow blocking transactions based on a bank’s risk appetite, e.g., high-risk jurisdictions.

Specifically built for the Automatic Exchange of Information (AEOI), FICO® Siron® TCR highly automates identification of customers’ tax residency, document management, and reporting to tax authorities. It includes both US FATCA and CRS-specific settings to capture the different identification typologies and workflows in a single system.

Our purpose-built case manager for fraud and financial crime consolidates alerts from all downstream sources to investigate cases with a 360-degree view of customer activity across financial crime risk domains. Flexible workflows and an integrated rules engine highly automate alert and case management for prioritization, SLA tracking, or n-level approval processes.

The management intelligence tool FICO® Siron® RCC automatically aggregates statistical data from source systems to visualize the risk landscape and provide an overview of all relevant KPIs — from hits against individual watch lists to false positive rate, monitoring of rules’ efficiency, to technical system performance.