Digital Compliance

Combating and preventing financial crimes

n an era of post-digital transformation, the fight against financial crime is becoming increasingly challenging

New payment methods and financial products continue to emerge, and with them come increased regulatory requirements and the need for data collection. Manual processes for preventing financial crimes can be lengthy and reflective of how institutions operate.

Banks, insurance companies and financial institutions need solutions to help them deal with complex compliance challenges, such as money laundering, fraud, credit and operational risks, and securing online transactions.

With them in mind, the Inetum team provides turnkey, intuitive and comprehensive solutions combining technical proficiency and functional consulting best practices that meet regulatory requirements.

kdprevent Digital Compliance

Automation

Significant reduction in operating costs through automation of compliance processes

Time to market

Easy and fast implementation, due to good usability without the need for training

Security

Maximum protection against loss of reputation, legal consequences and financial losses

Quality

Drastic reduction in false alarms, thereby reducing costs

Reliability

Professional maintenance, active support, continuous product development and innovation

Flexibility

Integration with virtually any IT environment and tuned to the needs of end users

Value

Increases the quality of compliance, which automatically reduces the risk of

Current

Meets the needs of rapidly changing business and regulatory requirements

Multisectoral Compliance Solutions

Banks and financial institutions

To combat money laundering and terrorist financing, financial institutions are required to have processes and systems in place to identify, manage and mitigate these risks. Failure to do so results in significant penalties, both financial and legal, as well as image damage.

Banks are on the front lines and have to pay huge fines for negligence, hence the need to implement effective risk-based compliance programs.

With our Digital Compliance Solution, Inetum provides proven answers to financial institutions, delivering advanced features in a range of modules to meet regulatory requirements while optimizing business costs.

Insurance companies

Due to the large financial flows in the insurance industry, regulatory organizations have established anti-money laundering (AML) and counter-terrorist financing (CTF) obligations for insurance companies. These organizations must follow an approach to minimize the risk that their company will be used for money laundering or terrorist financing, and in line with standards such as Know Your Customer (KYC).

Inetum accompanies insurance companies in the implementation of AML/CTF systems, providing proven solutions that deliver advanced features in a range of modules to meet regulatory requirements while optimizing business costs.

Industrial sector

With increased scrutiny and a strict regulatory framework in the financial services industry, criminals are turning to other industries. Without an effective anti-money laundering (AML) and counter-terrorist financing (CTF) program, companies risk paying hefty fines and serious reputational damage.

The importance of AML/CTF systems is growing by the day. Inetum accompanies business by providing proven solutions with advanced features in a range of modules to ensure compliance in an efficient manner.

kdprevent | KYC

How well do you know your customer and the risks involved? Know Your Customer (KYC) procedures involve identifying customers, capturing specific data – especially negative data – to assess risk. Financial institutions must carry out this procedure to prevent money laundering and terrorist financing. The kdprevent Digital Compliance Solution supports these processes, which have been tested by our customers in various countries.

kdprevent | AML

Get ahead of the competition with kdprevent Proven anti-money laundering (AML) solutions to help improve compliance and control processes. Combining state-of-the-art data analysis methods with the extensive knowledge of data experts. compliance, we take compliance to the next level with a 360° view of all data and processes. In line with the latest market and regulatory developments, we meet European, national and international regulatory requirements while making compliance even more efficient and cost-effective.

kdprevent | risk calculation

Avoid negative reviews during audits and financial penalties The time it takes to process AML alerts can be quite problematic for financial institutions and corporations that have to deal with compliance issues. AML regulations were invented to combat money laundering and are strongly supported by national regulators. Devoting more attention to day-to-day operations-with admittedly more valuable tasks-may make sense for the frontline user, but in the long run, auditor attention or financial penalties negatively affect the bank’s reputation and balance.

kdprevent | sanction letters

Effectively check data against sanction lists and PEP lists with kdprevent’s filtering tool, which enables easy integration with processes and support of key data providers.

Functionality:

Checking of names on sanction and PEP lists using fuzzy logic
Alarms in case of a “hit”
Marking of hits
Search for certificates for inspection processes

kdprevent | customer data verification

Streamline customer verification processes with effective cross-checking of customer data using sanction lists and PEPs.

One of the fundamental aspects of risk assessment is the verification of the presence of an entity on so-called sanction lists. The new legislation (AML IV) also expands the definition of a politically exposed person (PEP), which affects the processes in institutions required to verify them.

Our systems allow us to verify client data on sanctions lists and PEPs. We work with key data providers in this area, such as Dow Jones (Factiva) and Refinitiv (World-Check). Thanks to our advanced matching and correction algorithms, you can easily check both individual entities and entire client bases. Thanks to the modular design of our systems – you can easily integrate entity verification into your business processes.

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I hereby agree that Inetum Polska Sp. z o.o. shall process my personal data (hereinafter ‘personal data’), such as: my full name, e-mail address, telephone number and Skype ID/name for commercial purposes.

I hereby agree that Inetum Polska Sp. z o.o. shall process my personal data (hereinafter ‘personal data’), such as: my full name, e-mail address and telephone number for marketing purposes.
I have been informed by Inetum Polska Sp. z o.o., 24 Ks. Wołoska St., 02-675 Warsaw – the personal data controller – that:
- The provision of the aforementioned personal data is voluntary but essential for commercial or marketing purposes, if I have given my consent in this regard;
- I have the right to access the content of my data, including to receive copies of it and correct it, delete it and limit the processing of it, as well as the right to transfer it, the right to object to the processing of it, and the right to withdraw my consent at any time. However, the withdrawal of my consent shall not affect the lawfulness of processing carried out on the basis of the consent in question prior to its withdrawal;
- A statement of withdrawal of my consent to the processing of personal data should be submitted to the headquarters of Inetum Polska Sp. z o.o. or sent to the following e-mail address: rodo@inetum.com. The withdrawal of consent to the processing of personal data shall result in the inability to fulfil the aforementioned processing purposes;
- The personal data provided shall be shared by Inetum Polska Sp. z o.o. with the company’s authorised employees and individuals collaborating with JC under civil-law contracts, who are involved in the implementation of the purpose of the processing;
- The data provided shall be processed on the basis of the relevant provisions of Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation), ‘GDPR’;
- Should you have any questions regarding the protection of your personal data, please contact us by e-mail: rodo@inetum.com;
- The personal data provided shall be processed for as long as is necessary for the purpose for which it was supplied, or until I express my objection in this regard. In the event of filing an objection, Inetum Polska Sp. z o.o. shall no longer process my personal data for the aforementioned purposes, unless it can demonstrate that there are valid and legally justified grounds overriding my interests, rights and freedoms or my data is necessary to establish, pursue or defend a claim, if any;
- I have the right to file a complaint to the supervisory authority if I consider that the processing of the aforementioned personal data violates the provisions of the General Data Protection Regulation of 27 April 2016. Read less

kdprevent
Digital Compliance

Combating and preventing financial crimes

kdprevent Digital Compliance

Continuous improvement of compliance processes