Navaera On-Demand Risk
Navaera On-Demand Risk is a unified risk management solution that includes anti-money laundering (AML) compliance functionality together with a range of automated risk management features that enable financial institutions to detect and prevent various types of fraud, misconduct, non-compliance, waste and abuse.
The solution incorporates Navaera's proprietary suite of high-performance applications to empower banks, credit unions and other financials to implement world-class AML compliance programs and effectively control fraud. It offers rich content that enables organizations to establish a comprehensive approach to risk mitigation and statutory or regulatory compliance.
Using Navaera's powerful event stream processing and batch data analytics platforms, users can mine stored data and analyze real-time streaming data to identify incidents, spot trends, act upon opportunities, anticipate risks and deal with fraud threats. Robust and flexible, these platforms automatically review transactions and identify reportable events. With Navaera's unique relationship detection and list management application, the solution scans watch lists to monitor customer risk. The solution also provides comprehensive case management functionality that enables risk review and evaluation.
Navaera's On-Demand Risk solution is cost-sensitive and easy to implement. It is compatible with most banking platforms and is audit-friendly. As a SaaS solution, it requires no special hardware and is easy to configure.
The solution offers these features and benefits:
- Automated, customizable transaction monitoring to spot AML red flags and possible incidents of fraud, waste and abuse;
- Fully automated e-filing of government report forms;
- Enables real-time response to fraud incidents;
- Provides flexible customer risk rating capability and high risk account monitoring; and
- World class support for implementation, configuration, use and refinement.
Navaera's On-Demand Risk solution is a full-featured multi-functional risk management suite that reduces compliance costs and improves investigation efficacy, transparency and auditability. The solution provides a platform for financial institutions around the globe to achieve AML compliance and detect and prevent fraud.