Client is a leading BFSI player based out of Malaysia and are engaged in a host of payment solutions like currency swap, card-enabled transactions, and insurance. They facilitate cross-border payments by providing multi-currency payment solutions.
Business Challenge
Cross-border payments involve lot of regulatory and legal compliances, which are often difficult to ensure
Automated Interception and flagging of fraudulent transactions was a challenge
Our Solution
Evaluated the product landscape and successfully implemented the AML solution
Enabled Automated reporting to regulatory authorities and institutions in diverse file formats.
Automated and replaced the conventional process of escalation by a rule-based engine that triggers out suspicious cases.
Business Impact
Resulted in lower processing time and considerably minimized compliance and IT team’s effort.
