Transaction Monitoring
Automated, AI-driven transaction monitoring to find layers, profiles, abnormalities and apply thresholds to highlight risk, crime, and predict events.
The Essential Role of Transaction Monitoring
Transaction Monitoring: Precision detection of transactional data sets leads and compliance. Strengthen compliance, reduce risk, and identify sales opportunities for customers.
Financial institutions today face growing regulatory demands, financial crime threats, and fierce competition for customers. DetectX® Transaction Monitoring has the powerful capability designed to detect and prevent money laundering and fraud and ensure compliance across multiple industries. By continuously analysing all transactions—transfers, deposits, withdrawals, and trades—DetectX® helps build a comprehensive customer risk profile, empowering businesses to stay ahead of criminal activities and maintain regulatory alignment. Not only does transaction monitoring address these compliance and risk issues, but it also identifies unique opportunities to upsell and cross-sell other products to customers based on their transaction history and behaviour.
DetectX® - Transforming Transaction Monitoring
Harnessing AI and advanced data and text analytical methods for high volume, high speed precision monitoring addressing Compliance, and Industry-Specific Needs.
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DetectX® Transaction Monitoring harnesses sophisticated AI principles to optimise transaction monitoring by maximising true detections and minimising false alerts. Continuous learning capabilities improve the accuracy and relevance of flagged transactions, ensuring that only genuinely suspicious activities are escalated for investigation.
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Every investigative step is documented in an audit-proof manner, providing clear, transparent tracking of all activities. This enables full traceability and supports compliance with regulatory standards.
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DetectX® Transaction Monitoring is adaptable for banks, insurance companies, casinos, betting offices, jewellery businesses, and more. Flexible configuration options allow it to meet the unique risk requirements and workflows of each industry, with easy integration into existing applications and processes.
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Optimised for high volumes and high speeds, DetectX® Transaction Monitoring is suitable for large retail banks, handling instant payment verification checks within three seconds for every request. It is ideally positioned to monitor, analyse, and detect abnormal and high-risk transactions at scale.
Achieve Compliance, Minimise Risk and Increase Revenue with DetectX® Transaction Monitoring
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Enhanced Compliance Security
DetectX® Transaction Monitoring minimises the chance of false alerts, allowing your compliance team to focus on real risks. Its advanced detection rates reduce legal and reputational risks, keeping your organisation secure from regulatory penalties and increase customer satisfaction.
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Reduction of Financial Risk
By detecting high-risk customers and transactions, DetectX® Transaction Monitoring helps reduce exposure to financial crime. Early identification of suspicious activities protects your institution from potential financial losses and penalties.
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Optimised Integration and Process Alignment
DetectX® Transaction Monitoring integrates seamlessly with your existing systems and workflows, enhancing operational efficiency while ensuring compliance without added burdens.
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Increase Revenue Opportunities
DetectX® Transaction Monitoring builds a profile of customers based on their transactions and behaviour, allowing DetectX to match that with other customers of similar profiles and products that are associated with these profiles. Focused marketing can offer customers now products that suit them and in the process, increase revenue for the organisation.
Challenges Solved by DetectX® Transaction Monitoring
Traditional transaction monitoring tools often rely on static, rule-based systems, resulting in high false-positive rates and missed detections. DetectX® Transaction Monitoring leverages advanced AI algorithms to dynamically analyse transactions, addressing the limitations of conventional systems:
DetectX® Transaction Monitoring
Traditional Tools
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DetectX®’s AI-driven approach significantly reduces false alerts, decreasing operational costs and allowing your team to focus on genuine risks.
High False-Positives
Unlike static tools, DetectX® dynamically adapts to emerging risks, capturing suspicious activities that outdated rule-based tools might miss.
Limited Detection Scope
DetectX® empowers teams with in-depth investigation tools, making it easier to validate or dismiss flagged transactions.
Limited Investigative Capabilities
DetectX® maximises true positive detection, ensuring high-risk activities are accurately identified and prioritised.
Insufficient True Positive Detection
Ready to Strengthen Your Compliance and Increase Your Revenue?
Discover how DetectX® can significantly enhance your transaction monitoring processes, streamline compliance, reduce financial risks, and optimise your sales and marketing efforts. Get in touch with us today to see our solution in action.
Stay Compliant, Stay Secure
DetectX® Predictive Analytics Platform
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Alert Management
Simplifies alert management with tools for collaboration, audit tracking, and prioritisation, enabling compliance teams to handle alerts effectively and improve response times.
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Behavioural Analysis
Analyses patterns and anomalies in user behaviour to detect potential fraud and AML risks, providing insights that enhance the precision of risk assessments and improve compliance outcomes.
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Business Rules Designer
Provides customisable business rules that adapt to regulatory and operational needs, boosting security and efficiency across multiple compliance and monitoring functions.
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Clustering and Modelling
Uses advanced data clustering and modelling techniques to uncover patterns and relationships, enabling financial institutions to better understand and predict potential risks.
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Enhanced AI Search
Combines advanced algorithms, fuzzy matching, and real-time processing to deliver precise insights, improving risk management, decision-making, and operational efficiency across industries.
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Evolutionary Learning
Continuously adapts AI models using real-time data and scenario simulations, ensuring optimised performance, proactive decision-making, and scalable solutions for dynamic environments.
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Link Analysis
Maps connections between entities to uncover hidden associations that could indicate fraud, money laundering, or other risks, enhancing investigative and due diligence processes.
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NLP
Applies NLP techniques within Adverse Media Search to extract and analyse relevant information from unstructured data, enhancing the ability to identify risk factors from media sources.
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Pattern Recognition
Identifies trends, anomalies, and clusters in complex datasets, transforming raw data into actionable intelligence to enhance risk management, operational efficiency, and decision-making.
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Profiling and Scoring
Uses advanced analytics to categorise entities and assign dynamic risk scores, enhancing decision-making, risk management, and operational efficiency across industries.
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Transaction Monitoring
Continuously monitors financial transactions to spot unusual patterns and suspicious activities, supporting organisations in compliance efforts and safeguarding against fraud.
