Solutions / Payment Systems
AML - Anti Money Laundering
Tonbeller`s Siron Financial Solution is a fully comprehensive, modular and integrated software solution for risk analysis, combating money-laundering, financing of terrorism, fraud and market manipulation on financial markets. The solution aims to support compliance personnel with a simple, user-friendly solution. All Siron Financial Solutions guarantee high quality and efficiency together with their integrated, standardised examination methods.
Siron Financial Solutions can be easily and fast integrated with any existing infrastructure. It can be installed on any server platform and integrated with any operating system (e.g. Windows, Linux, Unix, OS/390, z/OS, OS/400).
Siron Financial Solutions receive data directly from existing system and data warehouses via interfaces. Ready-to-use interfaces are available for a number of core banking systems.
The multi-client capability of the software allows data to be managed from one centralised computer center for a large number of banks or other institutions. Furthermore, Siron Financial Solutions is scaleable and allowing large amount of data to be managed every day.
Siron Financial Solutions allows banks and financial institutions to comply with existing law regulations concerning:
SironAML
SironAML is the cost-efficient and secure solution to support financial institutions comply with national and international rules on anti-money laundering and terrorism financing (it is compatible with all requirements of the 3rd EU ML Directive). SironAML is a system-independent solution for the preventive early detection, analysis and monitoring of suspicious monetary transactions, estimating risk based on defined parameters by financial institutions.
SironAML uses both rule-based and self-teaching technologies in order to assure that banks' requirements are optimally met with:
- Optimum protection from known money-laundering practices
- Dynamic, risk-based adaptation of KYC profiles
- Detection of unexpected/unusual behaviour
- Automatic discovery of existing risks
SironEMBARGO
SironEMBARGO ensures, by means of continous monitoring of customer`s payment transactions in real time (offerised SWIFT interface), complience of the transactions with law regulations concerning sanctions and embargos imposed on a person, organisation or country.
SironEMBARGO recognises and stops payment transactions treating to the person or organisation on the embargo lists during the monitoring of payment transactions in real time. All stopped transactions are stored in a database and can be processed further individually online. In this follow up processing, it is made a decision whether the transaction initially stopped will subsequently be carried out or definitely stopped. The process of data analising and processing is recorded by SironEMBARGO and can be tracked back at any time.
SironEMBARGO not only finds unequivocal matches with entries in the sanction lists but it is also capable of recognising the exchange of parts of names, of abbreviations, of changed ways of writing etc. Via put parameteres the system can individually define a degree of collocations between parties of the payment transaction.
SironFD
SironFD provides tools for ensuring compliance and internal monitoring procedures in combating fraud. IT-supported monitoring of customer or employees` payment transaction lets on early detection of acts of fraud or attempts of acts of fraud. Irregularities and conspicious cases can be processed and analysed online, at any time.
SironFD uses proven mathematical-statistical methods, time-sequence analyses and pattern recognition procedures which are features in SironAML for the detection of money-laundering. Additionally, special analitical procedures are developed for the recognition of fraud.
For SironFD a comprehensive reporting system is available for periodical, historical reporting, for individual evaluation etc.
SironPEP
SironPEP enables recognition and monitoring of "politically exposed persons" at the national or international level.
SironPEP cross-checks the client data which are used in SiromAML and SironFD, recognises "politically exposed persons", entering them into the client data accordingly as PEPs. As a result, when investigating clients and transactions, based on a suspicion of money laundering, politically exposed persons can be monitored as a specific focus of attention.
SironRAS
SironRAS supports users in generating and updating risk analyses. All risks, whether they are client, product or transaction-related, are identified, described and assessed.
SironRAS bases its data on a relational database. It allows the system to support administrative, structuring and analytic tasks efficiently.
SironRAS is suitable for institutions operating both on a regional or international market. Risks can be identified and analysed by an organizational unit. All assessment can then be sent to headquarter and other local units. Constant logging ensures transparency of the system: internal and external auditors can monitor the update process of the risk analysis at any time.
The System is pefect for generating risk analysis reports for financial institutions, regardless of their size and structure.
SironRAS can be used either as an independent module, or can be fully integrated with Siron Financial Solutions suite. When the system is operated in integrated mode, ensuring that all threatments can be identified and analysed by the SironAML, SironFD or any other module.
SironMM
SironMM is the module dedicated for recognition of market abuse and insider offences in the trading of securities.
SironMM checks the securities transactions for complience with rules established for employees in charge of securities transactions and other company-internal directives, as well as for breaches against the bans on exchange rate manipulations and market manipulations.
To reveal cases of not obeying the established rules in securities transactions are checked, amongst the other things, including the use of turnover information from thirt-party banks. All securities transactions are checked for possibility of exchange rate manipulations and market price manipulations.
SironMM can be flexible set up with correspondence to financial institution`s needs.
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Saturday February 04, 2012
