End-to-end financial crime compliance with Siron
FICO’s analytics-driven compliance solutions have proven their efficacy at over 1,300 customers in more than 100 countries — scaling across geographies, industries, and organizational sizes. We serve corporates, insurance companies, and banks — be it a retail, private, wealth management, automotive, or telecom. As a one-stop supplier for anti-financial crime solutions, we help you meet all compliance-related requirements with a truly integrated platform that breaks down financial crime risk management silos.
Business Risk Assessment
Integrated with monitoring systems, FICO® Siron® RAS creates and easily updates institution-specific risk analyses to adopt risk-based approach mandates. The product comes with an extensive database of predefined risk factors and potential prevention measures based on the most-up-to-date industry knowledge.
Know Your Customer
As a solution for managing KYC compliance throughout the customer relationship lifecycle, FICO® Siron® KYC supports the risk classification process of new and existing customers. It matches customer information with sanction and watch lists in real time and automatically identifies beneficial owners and politically exposed persons.
The risk-based FICO® Siron® AML solution for monitoring suspicious transactions and non-transactional events includes rules, basic analytical profiling, as well as advanced analytics with both supervised and unsupervised machine learning — enabling banks to implement the right level of sophistication for their business.
FICO® Siron® Embargo is Instant Payments ready and provides real-time filtering capabilities of SWIFT, SEPA, and other formats, including user-defined lists of sensitive words, stop words, and a rules engine to not only screen against lists, but allow blocking transactions based on a bank’s risk appetite, e.g., high-risk jurisdictions.
Tax Compliance and Reporting
Specifically built for the Automatic Exchange of Information (AEOI), FICO® Siron® TCR highly automates identification of customers’ tax residency, document management, and reporting to tax authorities. It includes both US FATCA and CRS-specific settings to capture the different identification typologies and workflows in a single system.
Alert and Case Management
Our purpose-built case manager for fraud and financial crime consolidates alerts from all downstream sources to investigate cases with a 360-degree view of customer activity across financial crime risk domains. Flexible workflows and an integrated rules engine highly automate alert and case management for prioritization, SLA tracking, or n-level approval processes.
Risk and Compliance Cockpit
The management intelligence tool FICO® Siron® RCC automatically aggregates statistical data from source systems to visualize the risk landscape and provide an overview of all relevant KPIs — from hits against individual watch lists to false positive rate, monitoring of rules’ efficiency, to technical system performance.
Architecture of the FICO® Siron® Anti-Financial Crime Solutions suite
Siron Anti-Financial Crime solutions suite consistently follows the FATF risk-based approach and supports the compliance process with integrated an product suite — from business risk analysis and customer risk assessment to monitoring of transactions and behavioral patterns, and central case management with risk and compliance dashboards.
Learn what’s happening in the world of advanced analytics and data-driven decision management with the latest news, updates, and ideas from the FICO Newsroom.
International Bank of Azerbaijan Takes An Integrated Approach To Prevent Financial Crime Using FICO SolutionRead more keyboard_arrow_right
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Lower costs and strengthen AML compliance
Safeguard your brand from reputational harm with a fast-to-deploy, easy-to-manage end-to-end AML compliance solution. Join more than 1,300 institutions across the globe that rely on FICO to help detect financial crimes and ensure regulatory compliance.