Siron® Anti-Financial Crime Solutions

Protect your business with analytics-driven solutions for end-to-end financial crime compliance.

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Overview

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.

Features

With a rich feature set of advanced tools, FICO empowers business users to make faster, smarter, customer-focused decisions.

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.

Transaction Monitoring

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.

Transaction Screening

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.

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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.

1300

Customers

Successful at Customers Across the Globe
100

Countries

Deep Domain Expertise on Regulatory Requirements
20000

Person Years

Experience in Compliance
Case Study

4finance Group

Leading online lender turns to the cloud to ease regulatory compliance
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Case Study

Ecobank thinks global and acts local with a unique AML/KYC implementation

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Customer story

African Bank

African Bank modernizes its credit lifecycle decision system.
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Case Study

FICO and Finanz Informatik

Standardized approach to a multi-billion dollar crime using analytics.
Case Study
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Fraud Protection and Compliance
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Fraud Protection and Compliance
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Fraud Protection and Compliance
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Fraud Protection and Compliance

News

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.

Presentation

International Bank of Azerbaijan Takes An Integrated Approach To Prevent Financial Crime Using FICO Solution

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FICO Wins Financial Crime Product of the Year in Risk Technology Awards

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From the blog

Get the latest insights, solutions, and strategies for improving business results from the FICO experts and thought leaders.
July 24, 2020

How International Bank of Azerbaijan Aims to Stop Financial Crime

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July 21, 2020

Digital ID Proofing – Why Fraud & Compliance Must Work Together

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June 12, 2020

Stopping Financial Crime in Australia

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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.