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Siron® RAS helps compliance officers to create, continuously monitor and update an institution-specific risk analysis to adopt the mandated risk based approach. It comes with an extensive data base with predefined risk factors and potential prevention measures based on the most-up-to-date industry knowledge. By offering workflow for decentral and interdisciplinary approaches, the product ensures that all risks pertaining to money laundering, terrorism financing and other criminal acts can be identified and assessed to derive and track mitigating strategies in an audit-proof, closed loop system.
Risk assessment framework endorsed by regulators and auditors
Risk analysis and research constitute a closed, audit-proof system loop ensuring the required traceability of the links between risks, preventive measures and research results.
Industry leading practices
Proven methodology for risk assessment across business units regardless of size, structure or complexity, including a comprehensive database with predefined risks and potential prevention measures based upon the latest industry knowledge.
Methodical and advanced risk mitigation
KPIs from integrated research systems not only continuously enrich the risk analysis but allow for efficient controlling of preventive measures and optimization of business rules and mitigation strategies.
Siron® RAS allows enterprises of any structure and size to utilize risk modeling. The systematic inventory of the internal organization, customer and product structure helps organizations achieve full risk transparency. The system provides an extensive report of risk factors including mitigation strategy and builds a solid foundation for the compliance and research strategy.
Large database with predefined risks.
Workflow for identification, categorization and weighting of enterprises’ risks (e.g. customer, product, process, country risks).
System-based specification of the organization and business structure.
Measures for risk prevention and minimization, including functionality for time and task management.
Interface to research systems (e.g. Siron® KYC, Siron® AML, Siron® Embargo) to examine the efficiency of monitoring measures through continual enrichment of risk analysis with up-to-date key figures.
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FICO® TONBELLER® Compliance Solutions helps customers around the world meet their compliance obligations while preventing a wide range of financial crimes.