FICO® TONBELLER Siron® RAS

FICO® TONBELLER Siron® RAS

Quick and easy business risk assessment.

Product Details

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.

Siron® RAS

‌  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.

Resources

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Fight Financial Crime & Ensure AML Compliance with Siron®

To prevent financial crime and terrorist financing, organizations of all types have joined the global fight to stop criminals from realizing the financial benefits of their crimes. Compliance with regulatory obligations for anti-money laun...
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Advancing AML Compliance with Artificial Intelligence

Artificial intelligence (AI) and machine learning are big buzzwords at present — there doesn’t seem to be a business problem where they are not being applied. Now AI has come to the world of anti–money laundering compliance. More firms ...
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African Bank

African Bank overcomes regulatory challenges in only 3 months and complies with AML/CFT standards.
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From Stolen Eyes to the Wallet Diet — 14 Financial Crime Predictions for 2018

Last year brought new challenges around data security, fraud protection and AML compliance, along with a new focus on AI to combat these challenges. So what will 2018 look like? We asked four of FICO’s experts in this area to provide t...