X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHURCHTON, Md. – BANKDetect LLC, a privately-held knowledge-based technology company focused on loss prevention and compliance for financial institutions, has expanded its RiskTracker-AML and RiskTracker A3 (Account Activity Analysis) solutions to enhance functionality and include additional analyses and risk indicators. They better ensure that financial institutions have effective protections against evolving fraudulent activities. RiskTracker-AML is a transaction monitoring system that identifies money laundering risk and other suspicious activity. Its enhancements include analyses of loans, politically exposed persons, non-resident alients (NRAs), employee accounts and same address accounts. The loan analysis includes “RiskIndicator” analysis modules that perform a variety of independent or interrelated analyses on cash payments, early pay-offs and payments larger than expected. The enhanced solution also enables financial institutions to automatically generate suspicious activity reports (SARs) and counter-terrorism reports, and attaches documents to the internal case management system. RiskTracker-A3 is an advanced transaction monitoring system that uses a broad range of fraud detection functions to analyze daily transactions and identify high-risk behavior. Its enhancement includes the analysis of general ledger transactions, to monitor a financial institution’s internal activities, and “RiskIndicator” analysis modules.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.