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BANKDetect      Fraud Detection & BSA/AML Compliance Solutions for    BANKDetect focuses exclusively on products and services designed both to counter the increasing threats of fraud and to meet the regulatory compliance requirements related to money laundering and terrorism financing detection. In addition to delivering the most advanced analytical products available, BANKDetect also supports its clients with comprehensive knowledge about money laundering, terrorism financing and bank fraud based on its unique background and its extensive customer support network. BANKDetect's client base consists of banks and credit unions, identifying and preventing many millions of dollars in fraud losses, while simultaneously satisfying Bank Secrecy Act - Anti-Money Laundering Compliance requirements. The company's range of analytical services span the gamut from new customer due diligence through account activity analysis to detect and prevent fraud and money laundering/terrorism financing. BANKDetect's sole business is based on developing, fielding and supporting analytical methods that detect and prevent fraud and abuse. Systems and customer services are designed to deliver the most cost effective solutions to financial institutions of all sizes. RiskTracker-ID/CIP™ - Web Based Customer Screening System All financial institutions are faced with two customer screening challenges: detecting those indications that may predict fraud; and meeting the due diligence, record keeping and reporting requirements of the Bank Secrecy Act's AML Customer Identification Program (CIP). These joint requirements demand that a number of functions be performed, including: Banking History Search, Identification Verification, OFAC/PEP and other high risk entity search, and CIP risk assessment. With RiskTracker-ID/CIP, financial institutions can now perform all of these functions and more in one single process, obtaining a consolidated report and demonstrating to examiners complete compliance with all due diligence requirements. RiskTracker-ID/CIP™ is currently available as both a web service to other vendors and as a direct service to financial institutions. Although recently released, the service is already used by over 50 financial institutions across America. The system provides: Banking History Search Access to a true national database containing information on over 160 million checking accounts - access the most current, largest quantity of data Detail on unpaid returned checks from over 140,000 merchants in all 50 states - get the highest probability of detection Information sources that includes over 300 credit reporting agencies - use information obtained by professionals Detection based on SSN and/or DLN for greater accuracy - avoid paying for false positives Database contents that are updated daily - use the most current data Detection of multiple recent inquires - know when potential fraud is at work Identification Verification Address verification against USPS Zip+4 data - use the most reliable data sources Detection of suspicious addresses (e.g., CMRAs, jails and prisons, etc.) - detect high risk addresses Verification of phone number and type service (Detection of cell phone, pager, etc.) - check phone information Correlation between address and phone - prevent casual ID fraud Verification of SSN via SSA/HGI information, Deceased file, etc. - verify SSN data with multiple reliable tests Verification of DLN based on state, issue date, DOB, expiration - verify DLN and detect a variety of risks OFAC/PEP/Other High Risk Party Search Search of latest OFAC file - remain compliant PEP Search for former or current foreign Senior Political Official, relatives, associates - use reliable, worldwide data PEP Search provides in depth profile for matched entities - see the detailed research from its source Sanction List search of FBI, Interpol, EU Terrorist files - search international government lists Other High Risk Entity search for international money launderers, drug traffickers, fraudsters, arms dealers - insure detection with the most comprehensive global data BSA/CIP Risk Assessment Assess risk for Personal and Business Accounts - detect risk for different account types Detect High Risk Countries for nationality, foreign funds, Embassies/Consulates, etc. - employ the most comprehensive database of country risk Detect High Risk Businesses linked to North American Industrial Classification System (NAICS) for standardized coding - be standardized, use U.S. Census Bureau data Detect Section 311 Entities of Primary Money Laundering Concern - remain compliant Detect Money Services Businesses - employ the most advanced analysis Detect domestic risk locations in High Intensity Drug Trafficking Areas (HIDTAs) and High Intensity Financial Crime Areas (HIFCAs) - meet FFIEC examination requirements Identify FFIEC listed principle risk areas for customers, locations, products and services - use analysis directly consistent with government guidance Obtain comprehensive downloadable report for complete due diligence - meet all due diligence and record retention requirements Mathematical Assessment and Scoring of Account Risk Process reports and assign account RiskScores based on detailed FFIEC guidance - integrate with unique CIP Management module LEARN MORE ABOUT BANKDETECT'S CUSTOMER SCREENING SERVICES RiskTracker-AML™ - Anti-Money Laundering Account Activity Monitoring System The problem of efficiently and accurately monitoring account activity for all the possible combinations of money laundering and terrorism financing activity challenges financial institutions of every size and type. Between the multitude of transaction types, the variety of potential money laundering threats and the regulatory monitoring requirements, manual processes are no longer a viable solution. The RiskTracker - AML system provides rapid and cost effective monitoring for enterprise-wide transaction activity aimed specifically at exposing money laundering and terrorism financing risks. The system has been highly successful under a variety of regulator examinations and is a proven AML compliance solution. RiskTracker - AML™ is an installed PC/Windows based system that employs an analytical architecture proven over a decade of service. The system includes the following features: Processing Windows-based server for transaction analysis and GUI interface for client review - reduce costs Automated daily processor initiation through timer utility - reduce labor Processor resides on standalone PC server - simple installation reduces IT burden Pre-processor filters and configures data for optimized analysis - reduce false positives Effective processing speeds exceed 5,000 transactions per minute - FAST, improve productivity System is re-engineered for each client institution's unique needs - specific focus Interface to core processor is via "report-like" text file for quick and easy installation - easy and cost effective installation AML and Fraud Prevention processes may share input data file - cut costs Analysis RiskIndicator-based analysis is object-oriented, modular, accurate, flexible and scalable - proven design satisfies wide array of requirements Modules are capable of analyzing enterprise-wide transactions, including: checks, ATM, ACH, Debit Cards, cash, wires, monetary instruments, loan payments for all account types - comprehensive compliance coverage Analysis results can be displayed by branch, market area or other grouping - flexible review Over 70 analytical modules can detect over a trillion combinations of money laundering and terrorism financing risk for a single transaction - flexible and comprehensive analysis exceeds compliance requirements Analysis modules employ hybrid neural net concept using rules, statistics, unique algorithms, data search and other methods - decision support instead of limited exception review Over 200 parameters and weights provide precise and flexible control of analysis - quick and easy control over analysis focus and adjustment Analysis is configured and maintained specifically for each client's unique risk situation - adaptable to any operational needs Analysis modules can be active or inactive depending on data availability - flexible installation and operation Enhanced due diligence for high risk countries, high risk businesses, MSBs, etc. - meets specific compliance requirements Wire transfers are automatically screened against OFAC - simplify required screening Unique analysis identifies potential MSB activity - detect high risk activity RiskScoring All transactions are scored by proprietary algorithm - consistent risk assessment RiskScores are provided for each suspicious transaction and aggregated for total account risk - focus on accounts, see the transactions RiskScore permits suspicious transactions to be prioritized and filtered for rapid review - limit review time, work from highest risk first RiskScoring process allows filtering to reduce false positives - true decision support Scoring process considers transaction type, hit type, amount, indicator priority, etc. - comprehensive Analyst Interface Graphic User Interface permits simple, easy to use review and limits training needs - enhance productivity, reduce cost GUI uses "Drill Down" hierarchical review of suspicious activities from branch to account to transaction - flexible review GUI displays RiskIndicators as "stop-lights" for quick visual assessment of risk - speed enhances productivity Secure Log In and user access controls are provided - secure Main Menu screen provides single "dashboard" approach to accessing systems functions - simple to learn User may review suspicious activities by New Threats, Threat History, Actions Taken and Reports - see it all quickly and effectively Case management is provided as an integrated system component - track problems, record actions and decisions User may view RiskIndicator module status (on/off) and parameter control setting - monitor performance Employee accounts may be viewed as separate group - protect against internal threats Ad Hoc reports may be generated from any internal system file. - extract the data you need Threat history permits varying views of data to include tellers, branches, etc. - see risk from many different viewpoints Reports Large variety of reports are available, additional reports included in contract services - comprehensive reporting Ad Hoc reports may be generated from any internal system file. - select just the data you want. LEARN MORE ABOUT BANKDETECT'S AML COMPLIANCE SERVICES RiskTracker-A3™ - Account Activity Analysis System for Fraud Prevention Fraud continues to grow and expand as financial institutions offer more products and services to customers. With each new product or service, new vulnerabilities are also created and it doesn't take long for fraud criminals to exploit these opportunities. RiskTracker-A3™ has been protecting banks and credit unions for a decade with outstanding success - producing ROIs as high as 200:1 in some cases. Equipped with a continually growing and expanding array of analytical modules, the system has remained at the forefront of detection and prevention. RiskTracker-A3™ is an installed PC/Windows based system that employs an analytical architecture proven over a decade of service. The system includes the following features: Processing Windows-based server for transaction analysis and GUI interface for client review - reduce costs Automated daily processor initiation through timer utility - reduce labor Processor resides on standalone PC server - simple installation reduces IT burden Pre-processor filters and configures data for optimized analysis - reduce false positives Effective processing speeds exceed 5,000 transactions per minute - FAST, improve productivity System is re-engineered for each client institution's unique needs - specific focus Interface to core processor is via "report-like" text file for quick and easy installation - easy and cost effective installation Fraud Prevention and AML processes may share input data file - cut costs Analysis RiskIndicator-based analysis is object-oriented, modular, accurate, flexible and scalable - current .NET application Modules are capable of analyzing enterprise-wide transactions, including: checks, ATM, ACH, Debit Cards, cash, wires, monetary instruments, loan payments for all account types - analysis of any transaction type Analysis results can be displayed by branch, market area or other grouping - decision support in the most flexible form Over 70 analytical modules can detect over a trillion combinations of fraud risk for a single transaction - ten years of evolution produces the best analysis possible Analysis modules employ a proven hybrid neural net concept using rules, statistics, unique algorithms, data search and other methods - insure life-cycle flexibility to change Over 200 parameters and weights provide precise and flexible control of analysis - virtually limitless ability to customize analysis Analysis is configured and maintained specifically for each client's unique risk situation - enjoy proven technology adapted to your individual needs Analysis modules can be active or inactive depending on data availability - complete flexibility of control based on your requirements Watch list capability for monitoring specific accounts - adaptable to changing operations RiskScoring All transactions are scored by proprietary algorithm - consistent risk assessment RiskScores are provided for each suspicious transaction and aggregated for total account risk - focus on accounts, see the transactions RiskScore permits suspicious transactions to be prioritized and filtered for rapid review - limit review time, work from highest risk first RiskScoring process allows filtering to reduce false positives - true decision support Scoring process considers transaction type, hit type, amount, indicator priority, etc. - comprehensive Analyst Interface Graphic User Interface permits simple, easy to use review and limits training needs - enhance productivity, reduce cost GUI uses "Drill Down" hierarchical review of suspicious activities from branch to account to transaction - flexible review GUI displays RiskIndicators as "stop-lights" for quick visual assessment of risk - speed enhances productivity GUI provides display of "likely" fraud types based on indicator patterns - advanced decision support Secure Log In and user access controls are provided - secure Main Menu screen provides single "dashboard" approach to accessing systems functions - imple to learn User may review suspicious activities by New Threats, Threat History, Actions Taken and Reports - see it all quickly and effectively Case management is provided as an integrated system component - track problems, record actions and decisions User may view RiskIndicator module status (on/off) and parameter control setting - monitor performance Employee accounts may be viewed as separate group - protect against internal threats Ad Hoc reports may be generated from any internal system file. - extract the data you need Threat history permits varying views of data to include tellers, branches, etc. - see risk from many different viewpoints Reports Large variety of reports are available, additional reports included in contract services - comprehensive reporting Ad Hoc reports may be generated from any internal system file. - select just the data you want. CONTACT BANKDetect: 410 867 8217