Data agnostic, automated search across third party, internal, and open sources datasets in near real time concurrently.
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Solution
Automate AML and make better and more informed decisions
Effective checks and reporting for AML compliance require huge resource commitments. Our solution enables you to automate all stages of your AML checks, including onboarding, monitoring and complex EDD for higher risk customers, saving up to 85% of your analysts’ time.
The NCA estimates money laundering at £100 billion yearly, while existing AML processes are invariably manual, limited and static.
More Stringent Regulations
Tighter regulations and an increasing threat mean businesses are under more pressure to carry out more, and more thorough, checks.
Manual Processes are Driving Up Costs
Manually carrying out AML compliance checks, in particular enhanced due diligence for higher risk customers, require much more time, impacting costs of compliance and customer experience.
Data Agnostic Automation Not Available
Solutions capable of delivering efficiencies by automating all aspects of AML including monitoring and EDD stages that require multiple data sources not available.
Automate all stages of your AML compliance for optimal efficiency
Our solution, Scout®, is a unique automation platform capable of scaling to handle all aspects of AML checks including EDD and ongoing monitoring to maximise operational efficiency.
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Save 85% of your team’s time
Get reports in seconds
Key Benefits
True single intelligence environment for KYC that integrates Synalogik, third party, open source and internal data, significantly saving time and reducing costs.
Out-of-the box integrations include LexisNexis, CreditSafe, Companies House, and credit reference agencies.
Synalogik datasets – Synalogik datasets include standard, enhanced and premium personal identifiable information (PII); global commercial data; PEPs and Sanctions; credit application; disposable phone and email; credit address links; CCJ and bankruptcy; land registry; and compromise checker, among others.
Create search and risk assessment workflows that collate and analyse across your data sources, along with visualisation of links, make it much easier to discover hidden connections and risk.
Standardised, concise reports with all sources referenced enable your analysts to make better decisions and more easily meet compliance standards if audited.
Customise your workflows to assess risk of all levels of complexity, at any stage of the customer relationship, whether it is simple or high-risk customer onboarding or ongoing monitoring.
Include variable data like Companies House to monitor your customers, reassess at periodic points, and then proactively identify customers whose patterns of behaviour are moving towards offending.
Automation of cross referencing and drawing links across disparate datasets reduces the errors that can occur when doing this manually and improve accuracy.
Overcome the problem of returning too many results from open-source searches with tools to create highly targeted automated searches around keywords, proximity, timeframe, and document type.
The generation of reports in less than sixty seconds allows you to make decisions quicker and improve the experience for genuine customers.
Scout® is already delivering significant R.O.I gains for anti-money laundering teams across insurance, banking, gaming and legal.
Learn How Scout® WorksScout@: Combating Fraud and Compliance Investigations
Our Clients
Testimonials
Blog
The Ultimate Guide to Enhanced Due Diligence for KYC and AML
Businesses face increasingly strict compliance regulations, enforcement and fines; and, at the same time, more sophisticated money laundering strategies from criminals. Read our blog to understand how to more effectively and faster carry out enhanced due diligence to stay compliant.
Blog
How to Choose the Right Technology Solution to Optimise Your Enhanced Due Diligence Processes
With numerous technology solutions in the market, it can be a problem to know and understand which one is best for you. In this article, we pick apart the core elements of a successful enhanced due diligence investigation so you can better evaluate a provider’s offering.
Our innovations
Scout® is made up of many innovative feature-rich tools, each of which contribute to maximising operational efficiency within your team.
Data Aggregation
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Open Source Intelligence
Create highly targeted open-source search templates with cleansing, risk assessment and filters by timeframe, country, document type, proximity and keywords.
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Workflow Templates
Create bespoke workflows to cover every business need including remediation, KYC, KYB, AML, EDD, and fraud-based investigations.
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Automated Reports
Get unified reports that standardise the presentation of your AML, KYC and EDD search results for easy viewing, downloading or export to a case management system.
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Risk Assessment
Create sophisticated rules to search for, score, and highlight specific risks according to your business needs.
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Synalogik Knowledge Base
Scout® remembers previous searches, allowing you to get alerted if a customer was the subject of or linked to a previous investigation.
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Monitoring Functionality
Create commercial monitoring rules and get updates on any changes to your supply chain in near real time.
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Advanced Investigations
Utilise our Workbench to view links between entities, clash large data sets and join multiple search criteria together to find that needle in the haystack.
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