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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.
We want to help you future proof the next step in your organization’s journey by sharing the lessons FICO experts have learned about building resiliency during tumultuous times. Register below to gain access to our virtual event series.
From April 20 through May 28, FICO will host a series of live webinars sharing best practices and strategies for resiliency in your organization. The topics fall within six tracks including adaptability, digital customer engagement, risk management, operational efficiency, building trust and protecting customers.
This course provides knowledge how Siron™ KYC is used in KYC business processes, e.g. customer onboarding or ongoing customer screening. It explains the details of the check processes and the configuration options from the business point of view. It also shows how business rules can be built in general, and in particular be used for risk assignment.
This course provides information about the features and functionality of Siron™ ACM Alert and Case Management. It shows the user's point of view, and it explains administration and configuration options for power users.
This course provides essential knowledge about the technical environ-ment and processes of Siron™ Embargo. It focuses on the aspects that are relevant for technical consultants and IT staff, in particular general understanding of technical prerequisites, and product and interface han-dling.
This course provides information about the technical environment of Si-ron®ACM Alert and Case Management.
This course explains elements and functions of the Siron™ programming lan-guage. It focuses on those aspects needed for rule building in the Siron™ prod-uct suite and shows examples of how to use Siron™ syntax in Siron™ AML and Siron™ KYC.
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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.