at Financial Technnology Year
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Fusion Risk and Compliance from Finastra
Streamlined risk and compliance process for better efficiency. It provides AML and KYC compliance, regulatory requirements monitoring, and risk assessment tools.
Product analysis by function
AML and KYC Solutions for Risk & Compliance
Tools for anti-money laundering screening, know-your-customer processes, and sanctions checking to ensure compliance with financial crime prevention regulations.
More AML and KYC Solutions
More Risk & Compliance ...
Customer Onboarding
(10 Yes /10 Known /13 Possible features)
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Digital Document Capture Ability to capture and upload client documents electronically. |
Fusion Risk and Compliance automates KYC/AML processes, including electronic document handling. | |
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Biometric Verification Use of fingerprint, facial recognition, or other biometrics for identity verification. |
No information available | |
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E-signature Integration Support for electronic signature workflows for onboarding agreements. |
E-signature processes are typically included in digital onboarding in AML suites. Finastra's broader platform supports this, likely available in the Fusion suite. | |
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Real-time ID Verification Immediate validation of government-issued IDs using integrations with official databases. |
Product documentation references real-time validation of identity and documents. | |
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Sanctions and Watchlist Screening Automated screening of new clients against global sanctions and watchlists. |
Fusion conducts sanctions and watchlist screening, a core AML requirement. | |
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Automated Risk Scoring System-generated risk scores based on client profile and behavior. |
Automated risk rating and scoring mentioned as part of compliance onboarding workflows. | |
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Onboarding Time Average time taken to onboard a new client end-to-end. |
No information available | |
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KYC Form Generation Automatic generation and pre-filling of regulatory KYC forms. |
Finastra highlights digital KYC, including form generation and pre-filling as part of onboarding. | |
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Multi-language Support Ability to provide the onboarding experience in multiple languages. |
No information available | |
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Mobile Onboarding Support for mobile/web-friendly onboarding processes. |
Fusion platform supports mobile/web onboarding. | |
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Duplicate Detection Detection of duplicate or suspicious client entries during onboarding. |
Duplicate/suspicious entity detection referenced as a core anti-fraud and KYC function. | |
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Automatic PEP Identification Identification of Politically Exposed Persons during onboarding. |
Product provides PEP screening as part of onboarding/checks. | |
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Customizable Workflows Ability to adapt onboarding steps for different client types or risk profiles. |
Customizable onboarding workflows highlighted in marketing/product documentation. |
Ongoing Monitoring and Screening
(9 Yes /9 Known /13 Possible features)
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Continuous Sanctions Screening Automated, recurring checks against updated sanctions and watchlists. |
Continuous/ongoing sanctions screening is part of ongoing monitoring modules. | |
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Adverse Media Monitoring Scanning for negative news and media about clients in real-time. |
Adverse media monitoring referenced as part of ongoing surveillance for risk signals. | |
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Transaction Monitoring Automated analysis of transactions to detect suspicious or anomalous activity. |
Automated transaction monitoring is a main feature in Fusion Risk and Compliance. | |
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Alert Generation System generation of alerts for potential AML/KYC violations. |
Fusion generates alerts for potential AML/KYC violations. | |
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False Positive Rate Proportion of alerts found to require no further investigation. |
No information available | |
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Rule-based Alerting Configurable rules to tailor alert logic to business and regulatory needs. |
Rule-based alerting is standard in compliance monitoring engines. | |
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Machine Learning-Based Anomaly Detection Advanced analytics using ML algorithms to spot unusual patterns in data. |
Machine learning anomaly detection is mentioned as part of advanced analytics offerings. | |
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Volume Processed Average number of clients or transactions screened per day. |
No information available | |
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Customizable Screening Intervals Ability to configure how frequently clients are re-screened. |
Clients can set custom intervals for repeated screening of entities. | |
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Auto-Remediation Tools Automated workflows for routine remediation and case closure. |
Auto-remediation/workflow automation in case of routine compliance actions referenced. | |
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Escalation Management Tools to escalate high-risk findings to compliance teams. |
Escalation tools for routing high-risk alerts to compliance teams available. | |
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Watchlist Coverage Breadth Number of global and regional lists covered. |
No information available | |
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Audit Log Retention Length of time audit logs are retained. |
No information available |
Case Management & Investigations
(11 Yes /11 Known /12 Possible features)
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Centralized Case Tracking A unified dashboard and database for managing active and historical compliance cases. |
Case management dashboard is a core feature for compliance operations. | |
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Automatic Case Creation Automatic opening of investigation cases when alerts are triggered. |
Automatic case creation available on alert generation. | |
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Collaborative Workflows Support for multiple team members to work on the same case with proper controls. |
Collaborative workflows and audit trails support multi-person investigations. | |
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Task Assignment & Queueing Ability to assign cases and tasks to specific team members. |
Work assignment and queuing referenced as available features. | |
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Timeline Auditing Comprehensive timeline logs showing all actions, comments, and decisions. |
Full audit trail, including timeline of actions/decisions, provided for compliance need. | |
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Case Closing Time Average time from case opening to closing. |
No information available | |
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Evidence Management Central storage and organization for case-related supporting documentation. |
Centralized storage for case-related documentation included. | |
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Case Prioritization Support for automatic or manual prioritization based on risk or urgency. |
Case prioritization options available within the workflow tools. | |
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Automated Reporting to Authorities Ability to generate and submit regulatory filings (e.g., Suspicious Activity Reports). |
Automated regulatory reporting submission to authorities is referenced in product compliance documentation. | |
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Customizable Templates Editable templates for common investigation procedures and documentation. |
Templates (editable) for investigation and compliance documentation are highlighted. | |
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User Access Controls Granular permissions to limit access to sensitive case information. |
User access controls (permissions) form part of Finastra's security suite. | |
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Case Searchability Advanced search and filter capabilities for all case data. |
Advanced search and filtering are part of the compliance suite's UI. |
Integration & Interoperability
(8 Yes /8 Known /11 Possible features)
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API Access Comprehensive APIs for integrating with CRM, core banking, or investment platforms. |
Comprehensive APIs for integration mentioned in documentation. | |
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Batch Data Uploads Support for bulk import/export of client or transaction data. |
Bulk data upload and export options supported in onboarding/data modules. | |
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Third-Party Data Integration Integrations with external data providers (e.g., credit bureaus, public records). |
Direct integration with key third-party providers (e.g., global data, credit bureaus) is referenced. | |
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Regulatory File Format Support Ability to ingest and export data in required regulatory formats (XML, CSV, etc.). |
XML, CSV and regulatory formats supported for data upload/download. | |
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Real-Time Data Sync Ability to send and receive data in real-time with other business systems. |
Real-time data synchronization with internal/external systems enabled via APIs. | |
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Webhook Support Support for push notifications and real-time updates via webhooks. |
No information available | |
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Integration Time Average time required to implement out-of-the-box integrations. |
No information available | |
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Standardized APIs (REST/SOAP) Availability of modern REST or SOAP APIs. |
Standard REST APIs mentioned in integration documentation. | |
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Single Sign-On (SSO) Support for SSO with enterprise identity providers. |
Single Sign-On (SSO) using enterprise identity providers is a security feature of Finastra. | |
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Custom Connector Availability Readily available connectors for industry-specific tools and platforms. |
No information available | |
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Cloud Platform Compatibility Support for integration with major cloud services (AWS, Azure, GCP). |
Supports major cloud platforms, as noted in partnership and technical documentation. |
Compliance & Regulatory Coverage
(9 Yes /9 Known /11 Possible features)
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Automatic Regulatory Updates Regular updates reflecting new or amended laws and regulations. |
Automatic regulatory content updates are part of the compliance maintenance modules. | |
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Geographic Regulation Coverage Number of jurisdictions/regulatory regimes supported. |
No information available | |
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Configurable Reporting Rules Ability to customize rules to support specific local requirements. |
Configuration of local reporting rules indicated as available in compliance settings. | |
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Regulatory Change Alerts System notifications when compliance requirements change. |
Product sends notifications when compliance requirements change. | |
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Pre-built Regulatory Reports Templates for common regional reports (e.g., SAR, STR). |
Fusion offers pre-built templates for key regulatory reports (e.g. SARs). | |
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AML Program Template Library Built-in templates for AML policy and procedure documents. |
No information available | |
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Support for FATF Recommendations Alignment with Financial Action Task Force best practices. |
Finastra claims alignment with major international frameworks including FATF. | |
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Data Residency Configurability Ability to store data in specific jurisdictions to comply with local laws. |
Data storage location can be set to support data residency and sovereignty laws. | |
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Audit Trail Completeness Coverage and detail level in logs for regulatory audits. |
Comprehensive audit logs are maintained for regulatory review. | |
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Electronic Filing Support Ability to file reports directly with regulatory agencies electronically. |
Direct electronic submission of regulatory filings is available according to AML product brief. | |
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Regulatory Certification Product holds certifications verifying regulatory compliance (e.g., SOC2, ISO 27001). |
Certifications like ISO 27001 and/or SOC2 are cited for Finastra products/platform. |
User Experience & Usability
(0 Yes /0 Known /11 Possible features)
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Intuitive Interface Modern, user-friendly dashboard and navigation. |
No information available | |
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Role-based Dashboards Customized UI and data views for different user roles. |
No information available | |
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Search and Filter Tools Advanced filtering and search across all compliance data. |
No information available | |
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Bulk Actions Perform actions or updates on multiple records simultaneously. |
No information available | |
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Customizable Notifications Users can set preferences for system alerts and notifications. |
No information available | |
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Accessibility Features Support for users with disabilities (e.g., screen reader compatibility). |
No information available | |
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Multi-device Support Usable across desktop, tablet, and mobile devices. |
No information available | |
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User Training Materials Built-in guides, tutorials, and help resources. |
No information available | |
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Customizable Workspaces Personalized home screens and workflow layouts. |
No information available | |
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Localization Settings Support for local time zones, currencies, and date formats. |
No information available | |
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Queue Management Efficient prioritization and handling of user tasks and queues. |
No information available |
Reporting & Analytics
(0 Yes /0 Known /11 Possible features)
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Custom Report Builder Tool to build custom reports from compliance data. |
No information available | |
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Scheduled Reporting Automated routine delivery of compliance and risk reports. |
No information available | |
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Export Formats Range of available export formats (PDF, CSV, XLSX, etc.). |
No information available | |
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Dashboard Analytics Real-time dashboards for monitoring key AML/KYC metrics. |
No information available | |
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Investigative Statistics Aggregate data on investigations, case closures, and alert resolution. |
No information available | |
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Alert Volume Analytics Reports quantifying alerts generated over time. |
No information available | |
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Regulatory Filing Logs Detailed logs of past regulatory filings and deadlines. |
No information available | |
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Dashboard Refresh Rate Frequency with which live dashboards are updated. |
No information available | |
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Audit-Ready Reports Reports configured to satisfy audit requirements. |
No information available | |
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Case Productivity Metrics KPIs on team performance and case handling speed. |
No information available | |
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Data Visualization Tools Built-in graphs, charts, and data visualization capabilities. |
No information available |
Data Security & Privacy
(0 Yes /0 Known /11 Possible features)
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End-to-End Encryption All data encrypted at rest and in transit. |
No information available | |
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Role-Based Access Control (RBAC) Policy-driven access restrictions based on employee roles. |
No information available | |
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Multi-factor Authentication Requirement for multiple methods of identity verification. |
No information available | |
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Data Masking Automatic obfuscation of sensitive fields in UI and exports. |
No information available | |
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Granular Audit Logs Detailed records of all data access and changes. |
No information available | |
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GDPR Compliance Features supporting General Data Protection Regulation requirements. |
No information available | |
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Data Deletion and Retention Automated procedures for retention and secure deletion of records. |
No information available | |
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Secure Data Export/Import Encrypted transfers of data during bulk export/import. |
No information available | |
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Penetration Testing Frequency How often the system undergoes security testing. |
No information available | |
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Data Breach Notification Tools Capabilities to identify, report, and manage data breaches. |
No information available | |
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Redaction Tools Built-in support for redacting sensitive data upon request. |
No information available |
Product Scalability & Performance
(0 Yes /0 Known /10 Possible features)
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Concurrent User Support Maximum number of simultaneously active users supported. |
No information available | |
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Transaction Processing Speed Average time to process a compliance check on a transaction. |
No information available | |
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Data Storage Capacity Maximum amount of data that can be stored natively. |
No information available | |
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Uptime SLA Guaranteed system availability as a Service Level Agreement. |
No information available | |
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Disaster Recovery Time Objective (RTO) Time required to restore systems following an outage. |
No information available | |
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Elastic Compute Ability to dynamically allocate computing resources under load. |
No information available | |
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Batch Processing Throughput Number of clients/transactions processed per batch. |
No information available | |
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Latency Monitoring Tools for measuring and alerting on API/processing latency. |
No information available | |
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Geographic Load Distribution Use of data centers in multiple regions for workload balancing. |
No information available | |
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Auto-scaling Capabilities Automatic scaling of resources based on user or transaction volume. |
No information available |
Vendor Support, SLAs & Documentation
(0 Yes /0 Known /10 Possible features)
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24/7 Multichannel Support Availability of technical and compliance support at all hours via multiple channels. |
No information available | |
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Dedicated Account Manager Assignment of a named relationship manager for client queries. |
No information available | |
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Onboarding & Training Services Provision of user onboarding and comprehensive training. |
No information available | |
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SLAs for Issue Resolution Defined escalation paths and timeframes for issue resolution. |
No information available | |
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User Community Access Forums, events, and online communities for shared knowledge. |
No information available | |
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Comprehensive Documentation Up-to-date documentation, user guides, and FAQs. |
No information available | |
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Product Roadmap Transparency Visibility into upcoming features and planned improvements. |
No information available | |
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Change Management Support Guidance and tools for deploying updates and system changes. |
No information available | |
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SLAs for System Uptime Service guarantees for application and API availability. |
No information available | |
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Feature Request Process Formal mechanism for clients to request improvements. |
No information available |
Cost & Licensing
(0 Yes /0 Known /10 Possible features)
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Transparent Pricing Full disclosure of all fees, including setup, support, and maintenance. |
No information available | |
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Modular Licensing Ability to license and pay for only required functions. |
No information available | |
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Scalable Pricing Tiers Pricing flexibility as business and usage scales. |
No information available | |
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Pay-per-use Model Option for consumption-based pricing. |
No information available | |
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No Hidden Fees No undisclosed or unanticipated charges outside standard pricing. |
No information available | |
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Volume Discounts Discounted pricing for large numbers of users or transactions. |
No information available | |
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Contract Flexibility Provisions for short, medium, or long-term contracts and renewal options. |
No information available | |
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Free Trial Availability Ability to try the software before committing financially. |
No information available | |
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Implementation Fee Upfront costs for implementation and integration. |
No information available | |
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Annual Maintenance Fee Yearly fee for updates and ongoing support. |
No information available |
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