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Anti-Money Laundering Platform
Kyndryl Anti-Money Laundering (AML) Platform is an Automated Anti Money Laundering and Countering the Financing of Terrorism solution for fiat- and crypto-currencies for all Obliged Institutions.
What is the Kyndryl Anti-Money Laundering (AML) Platform?
Kyndryl AML Platform is an automated solution for fiat- and crypto-currencies for all Obliged Institutions. The Kyndryl AML Platform solution was developed to improve operational activities of obliged institutions in meeting AML regulated requirements.
AML Platform provides rapid, accurate detection of suspicious transactions and persons placed on sanction lists, as well as the ability to fully report suspicious payment transactions to the regulator digitalizing compliance requirements. It allows scanning Clients against sanction lists, Fiat & Crypto Payment transactions online and offline as post monitoring of Client behavioral patterns. For scanning we use automated flow and many parameters in our scanning scenarios.
Kyndryl and Microsoft alliance enables AML Platform installation on Azure cloud and leverage of all technical components provided by Microsoft. The joint solution offering provides the structure, tools and framework required for effective AML transaction monitoring.
What differentiates the Kyndryl AML Platform?
Functionality for crypto, automated process workflow for Cases and Alerts, strong parameterization for scenarios, logging of all activities as evidence for the regulator presented during audits.
Each business relies on their clients. AML regulations impose restrictions that limit the number of potential clients. We understand that. Therefore, we designed screening scans with a lot of parameters that are set up by business in a conscious and prudent manner to absorb the risk of failing the regulator’s audits and preventing / eliminating suspicious clients and transactions. Minimizing the number of False Positives means proper parameters set up. This is the Obliged Institution decision and their appetite for absorbing the risk.
Kyndryl offer to clients in respect to AML Platform?
We understand that the decision about replacement of the present solution is hard. Mainly at the big banks. Therefore, we designed AML Platform in a modular way to address the gaps clients may have. We know the AML business aspects, not only IT aspects.
Apart from implementation projects and application managed services we offer consulting services covering design of scanning scenarios and their parameters, end-to-end AML process design and related internal procedures.
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Terms, conditions, duration, and pricing are custom to each engagement. Please contact us to discuss a solution to meet your business needs. Offer availability may be limited in some countries.