Enter the world of cross-domain financial crime and compliance – where unlimited data is dynamically linked to an entity – showing the entire customer lifecycle across accounts and events. Gone are the days of a fraud alert or an AML alert linked to an entity. We now see it all – a total view of entity risk. As a result, we’ll see the emergence of a cross-domain financial crime and compliance approach.
Introducing X-Sight, the cloud-based Financial Crime Risk Management Platform-as-a-Service
X-Sight breaks the limits on data and analytics in a brand new way by leveraging the cloud. It offers a new dimension to automation with backend automated provisioning of storage, compute, boundless data and analytics.
X-Sight offers the following benefits:
- Manage and consume limitless data from any source
- Scale operations as needed to meet business needs
- Simplify and speed up the process of identifying and acting on attack vectors
- Automate and continuously improve ongoing platform operation and management
- Realize value and manage costs
- Quickly evolve and adapt to new challenges
- Meet compliance and reporting obligations simply and comprehensively
Why X-Sight? Staying ahead of money laundering, fraud and financial crime activities means financial institutions must find better, faster ways to identify new attack vector patterns, recognize activity associated with these patterns, and appropriate action when a pattern of interest is identified.
Financial institutions are becoming more sensitive to continuing increases in the cost of their fraud and financial crime compliance activities. While these activities remain essential for operation, many firms are seeking ways to continue their efforts while providing greater transparency to how these costs align with the business value derived from their investments.
Customer satisfaction remains at the forefront of concern for financial institutions. The more visible and cumbersome efforts to identify fraud and financial crime are to the customer, the more likely they are to negatively impact customer satisfaction. Shifting the burden to fraud or compliance operations teams in the form of excessive false positives that must be evaluated for disposition doesn’t scale. It can also reduce the ability of the business to maximize value from their investments. Firms are seeking ways to apply proper oversight and compliance measures in a way that is less obtrusive and doesn’t significantly detract from business operations.
- Address the accelerating variety, volume and complexity of fraud and financial crime attack vectors
- Manage the cost of fraud and financial crime compliance
- Minimize customer and business friction associated with addressing fraud and financial crimes compliance
X-Sight is the industry’s only cloud-native, PaaS platform for delivering end-to-end support for fraud and financial compliance activities. It’s designed for customers who are ready to embrace all or parts of a modern, machine-driven, cloud-based approach to fraud operations, allowing them to effectively manage costs and scale operations. X-Sight is omnipotent and designed for scaling to meet the needs of any sized customer, from the biggest financial institutions to small and mid-size firms. Contact us today to see how you can make your journey to the cloud- on your own path.