Insurance regulatory compliance demand fair treatment of customers, implementation of AML solutions, Sanctions compliance, Risk Management and Finance Reporting and Disclosures. Meeting the growing demands of regulatory compliance is increasingly challenging when relying on standalone, fragmented point solutions. DetectX® simplifies this process by offering a unified platform powered by next-generation technologies, supporting compliance in the following areas:
Implementation of best practice processes to detect and manage customers and risk. Implementation of configurable workflows and checklists in our Alert Management system, makes following processes and procedures easy while ready to adapt to new demands. [Read more about Alert Management]
Regulatory reporting when risks and events occur can be demanding when data is distributed and not easily obtained. With audit information, data warehouse capabilities and ability to find and work with high volumes of data at real-time, our Platform Capabilities ensure you meet regulatory reporting demands
From design, analysis and detection to notifications and decision making, we provide Audit capabilities across the platform that support compliance requirements but also helps you to find operational efficiencies.
Whether it is once-off or high volume batch processing Name Checking or Adverse Media Search, DetectX® supports the Insurance firms compliance requirements for enhance due diligence when it comes to risk detected. [Read more about Name Screening and Adverse Media Search]