Filter Client Master

With this module, client master data can be checked for potential risks during the opening process or later during modifications and periodic checks. The name-checking function of the “Filter Client Master”compares any desired set of lists (info4c, World Check, OFAC, Factiva, internal black lists, etc.). They can be simply and quickly extended with the rule designer.

The Analytical Engine DetectX® - the core of the Prospero predictive analytics module achieves high-precision hits. False alerts, i.e. alleged hits that turn out to be unjustified following manual analysis, are thereby reduced.

When checking an individual client master record (new opening or modification), hits are reported directly in the AlertViewer, which is the front-end application for the users.

During periodic bulk checks of client masters, hits are reported via workflow / mailbox automatically into the AlertViewer. If a client is classified as suspicious, it will be available for further processing on the AlertViewer screens.

In the interactive AlertViewer, investigations can be initiated into suspicious activities, tasks can be assigned and their completion monitored. Numerous functionalities such as white-listing, attaching documents and links, audit-proof comments, etc., ensure efficiency in daily compliance work.

The integrated link analysis visualises suspicious connections between transactions, people and business relationships. It generates additional alerts on the basis of unique analysis of high-risk transactions and business relationships. The MediaSearch function is used to find relevant documents on the internet for a suspicious case.

The main components of Prospero's 'Filter Client Master' are name screening, rule designer, and the AlertViewer with integrated link analysis, forming the basis for powerful instruments for anti-money laundering, fraud detection, and prevention.

The main functionalities

• Individual checks (real-time name checks) during the onboarding process and for changes.

• Periodic batch name checks of the entire customer base or selected customer portfolios.

• Regular delta checks of changes in the risk person databases or changes in the customer base.

• Web-based module for hit processing and analysis.

• Configurable automated reorganisation of all hits on expiry date.

• Freely definable blacklists (info4c, World-Check, OFAC, Factiva, own, etc.) and integration of configurable whitelists.

• Display of hits in the web-based AlertViewer with drill-down to details and the possibility for direct whitelisting or further analysis and hit processing. Freely definable workflows with task distribution, status monitoring, and the creation of multi-dimensional reports.

• Rule Designer for including additional financial intermediary-specific rules in the checks (e.g. client profile already calculated, key performance and key risk indicators, own lookup tables, etc.).

• Integrated link analysis for visualising suspicious connections between transactions, people and companies – additional warnings from the high-risk business relationship and high-risk transaction analyses are displayed and dynamic analyses (e.g. behaviour analyses) are supported. With the extension of the analysis universe, the potential of the link analysis also increases.

• MediaSearch - module for finding and evaluating relevant documents in dedicated, trusted data sources.

Added Value

The precise analytical functioning of Prospero Filter Client Master minimises the number of false positives and maximises the detection rate of true positives.

• The time and effort required for post-processing and queries is significantly reduced.

• Numerous additional rules can be efficiently configured and activated using the rule designer.

• In the flexible dashboard, graphics provide a quick overview of compliance risks.

• By incorporating link analysis and additional rules, even complex and opaque cases can be detected and analysed, reducing the risk of unknown threats. The graphical representation of networks supports efficient analysis.

• Integration modules for easy integration into existing systems.

• This option forms the basis for numerous expansion possibilities in the areas of fraud detection and prevention, anti-money laundering, dynamic behavioral analysis, and the 360° "understand your customer" approach:

  • Uniform and consistent single source solution

  • Efficient replacement for isolated niche solutions within the financial intermediary

  • Creation and exploration of synergies

• The solution is available as SaaS - Service (Software as a Service) and On-Premise .