at Financial Technnology Year
This content is provided by FinTechBenchmarker.com who are responsible for the content. Please contact them if you have any questions.
Actimize Anti-Money Laundering from Solovis (part of Nasdaq)
Provides robust solutions for transaction monitoring, customer due diligence, case management, and regulatory reporting, leveraging advanced analytics and artificial intelligence to improve compliance effectiveness.
More about Solovis (part of Nasdaq)
Product analysis by function
Anti-Money Laundering Systems for Compliance
Solutions for detecting, preventing, and reporting potential money laundering activities and suspicious transactions.
More Anti-Money Laundering Systems
More Compliance ...
Customer Due Diligence (CDD) & Know Your Customer (KYC)
(9 Yes /9 Known /10 Possible features)
|
Automated Identity Verification Checks customer-provided data against government or authoritative databases. |
Actimize offers robust KYC modules including automated identity verification, as referenced in public product documentation. | |
|
Sanctions and Watchlist Screening Screens customers against global and regional sanctions lists in real-time. |
Sanctions and watchlist screening is a core capability promoted on Actimize's AML product page. | |
|
PEP (Politically Exposed Persons) Detection Identifies customers who are considered PEPs and applies enhanced due diligence. |
PEP detection is specifically mentioned in Actimize product collateral as available for enhanced due diligence. | |
|
Ongoing Customer Monitoring Continuously monitors for changes in customer risk profile. |
Ongoing monitoring of customers is described in documentation as a key AML function provided by Actimize. | |
|
Ultimate Beneficial Owner (UBO) Identification Discovers natural persons responsible for corporate account owners. |
UBO identification is a supported feature within Actimize's CDD and KYC modules as mentioned in solution briefs. | |
|
Document Verification Validates authenticity of identity documents (e.g., passports, IDs). |
Actimize advertises strong document verification engine, supporting ID/passport validation as part of its onboarding. | |
|
Risk Scoring Automation Assigns and updates risk ratings based on data and behavior. |
Risk scoring automation, based on multi-factor analysis and behavioral data, is central to Actimize's approach. | |
|
Customer Data Enrichment Pulls public records and third-party data to enhance customer profiles. |
Actimize leverages third-party sources for data enrichment as stated by its KYC module details. | |
|
Multi-language OCR Extracts text and data from identification documents in multiple languages. |
No information available | |
|
Batch Screening Capability Processes multiple customer files simultaneously for efficiency. |
Batch screening capability is highlighted as a differentiator for high volume institutions. |
Transaction Monitoring & Detection
(9 Yes /9 Known /11 Possible features)
|
Real-Time Transaction Monitoring Flags suspicious transactions instantly as they occur. |
Real-time transaction monitoring is a flagship feature of Actimize AML and is widely referenced. | |
|
Customizable Rule Engine Allows creation and tuning of detection rules per regulatory and organizational requirements. |
Product literature discusses rule engines that are fully configurable to institution and regulatory requirements. | |
|
Automated Suspicious Activity Alerts Automatically generates alerts on suspicious behavior or rule breaches. |
Automated suspicious activity alerts (SAR/SAR triggers) are emphasized as standard. | |
|
Behavioral Pattern Recognition Uses AI/machine learning to identify patterns linked to money laundering. |
Behavioral pattern recognition and machine learning are core to the transaction monitoring analytics in Actimize. | |
|
Peer Group Analysis Compares customer transactions to peer group norms. |
Peer group analysis is included as an advanced analytic in Actimize risk modules. | |
|
Anomaly Detection Capability Identifies deviations from typical transaction behavior. |
Actimize boasts anomaly detection using algorithms well described in its solution whitepapers. | |
|
Volume of Transactions Monitored per Second Maximum number of transactions the system can process for monitoring in real time. |
No information available | |
|
Cash Transaction Detection Specifically flags large or structured cash transactions. |
Detection and flagging of cash transactions is part of standard suspicious transaction monitoring rule sets. | |
|
Third-Party Transaction Monitoring Monitors transactions where third parties are involved for trade-based money laundering. |
Actimize can monitor third-party transactions relevant for trade-based money laundering, per feature descriptions. | |
|
Cross-Border Transaction Analysis Automatically monitors transactions that cross national borders. |
Cross-border activity monitoring features are specifically described by Actimize. | |
|
Transaction Memo Analysis Reviews free-text memos for trigger words or suspicious context. |
No information available |
Case Management & Investigation Tools
(9 Yes /9 Known /10 Possible features)
|
Alert Management Dashboard Centralizes and prioritizes alerts for compliance teams. |
Alert management dashboard tools are described in case manager overviews on the product site. | |
|
Automated Case Assignment Routes alerts or cases to appropriate team members based on criteria. |
Automated case assignment is part of Actimize's case management workflow module. | |
|
Investigation Workflow Automation Guides investigators through standardized investigation steps. |
Investigation workflow automation is described in product workflows and knowledge center resources. | |
|
Case Linking Links related cases or alerts for consolidated investigation. |
Case linking (grouping and deduplication) mentioned as an investigation efficiency feature. | |
|
Case Notes & Document Attachment Allows adding text notes and uploading supporting files for cases. |
Users can attach supporting files and notes to individual cases as per product screenshots. | |
|
Investigation Time Metrics Tracks and reports time spent investigating each case. |
Time metrics for investigations are referenced as standard for productivity tracking. | |
|
Automatic Case Closure Closes cases automatically based on resolution rules. |
Automatic closure of resolved cases is available per workflow configuration documentation. | |
|
Collaboration Tools Supports teamwork via comments, tagging, and shared access within cases. |
Collaboration tools such as comments, sharing, and tagging are standard in the case management interface. | |
|
Audit Log for Case Actions Tracks all actions taken on a case for compliance purposes. |
Audit logs for each case are referenced for compliance, as part of product's auditability. | |
|
Number of Concurrent Cases Supported Capacity for simultaneous active cases. |
No information available |
Regulatory Reporting
(8 Yes /8 Known /10 Possible features)
|
Automated SAR/STR Filing Automatically generates and submits Suspicious Activity/Transaction Reports to authorities. |
Automated SAR/STR filing is available for supported jurisdictions as described in regulatory reporting features. | |
|
Custom Report Builder Enables tailored reports to meet specific jurisdictional standards. |
Custom report builder exists as shown in product video demonstrations. | |
|
Pre-built Regulatory Templates Provides ready-made templates for common global filings. |
Pre-built templates are included for rapid adoption across various regulations. | |
|
Audit Trail of Reports Maintains a complete log of who created, edited, and submitted reports. |
All regulatory reports maintain full audit trails per compliance requirements. | |
|
Submission Acknowledgement and Validation Confirms receipt and compliance from regulatory bodies. |
Submission acknowledgment and validation appear in samples and client stories for Actimize Regulatory Reporting. | |
|
Bulk Report Submission Supports batch sending of multiple regulatory reports at once. |
No information available | |
|
Automated Deadline Reminders Reminds users before regulatory submission deadlines. |
Automated deadline reminders for regulatory filing are mentioned in feature guides. | |
|
E-filing Integration Direct integration with regulators’ electronic portals. |
E-filing integration is promoted as a key factor for reducing regulatory burden. | |
|
Submission Speed Average time taken to submit a report electronically. |
No information available | |
|
Multi-jurisdictional Support Handles filings to multiple regulatory authorities across countries. |
Multi-jurisdictional support is marketed by Actimize as a reason for its widespread adoption. |
Sanctions Screening
(9 Yes /9 Known /10 Possible features)
|
Real-time Sanctions List Updates Automatically updates internal lists with global latest sanctions. |
Actimize's screening incorporates real-time list updates from global sources per sanctions screening documentation. | |
|
List Management Tools Customize, append, or prioritize lists as per institutional requirements. |
List management (add, prioritize, customize) is covered as a key administrative control. | |
|
Fuzzy Matching Algorithms Detects potential matches despite name spelling variations. |
Fuzzy matching is called out as a key match engine feature for reducing false positives. | |
|
Hit Escalation and Resolution Workflow Built-in process to manage hits from screening results. |
Hit escalation and resolution presented as part of the workflow for sanctions and watchlist hits. | |
|
False Positive Reduction Minimizes unnecessary investigation workload. |
False positive reduction is repeatedly mentioned due to advanced analytics and machine learning features. | |
|
Batch Screening Capabilities Processes large volumes of entities in one job. |
Batch screening of entities (bulk file processing) included as an enterprise feature. | |
|
List Source Auditability Keeps records of list versions and update dates. |
Auditability of list sources—record of list, update, version—described in security white papers. | |
|
Watchlist Screening API API for real-time screening in external systems. |
API access for real-time watchlist screening is available for integration. | |
|
Screening Throughput Maximum entities screened per minute. |
No information available | |
|
Automated List Synchronization Ensures all systems refer to the same up-to-date listings automatically. |
Actimize supports automated synchronization of lists between different systems. |
Risk Management & Analytics
(8 Yes /8 Known /10 Possible features)
|
Risk Dashboard Visualized risk metrics, heatmaps, and summaries for management. |
Risk dashboard with visualization and heatmaps referenced in product screenshots and feature overviews. | |
|
Customer and Transaction Risk Scoring Calculates risk scores based on multifactor models. |
Calculation of customer and transaction risk scores included in transaction monitoring narrative. | |
|
Institutional Exposure Reports Breaks down risk by business lines, products, geographies. |
No information available | |
|
Automated Model Validation Continuously tests and validates risk scoring models. |
Automated model monitoring and validation available per AI/ML model management documentation. | |
|
Scenario/Sensitivity Analysis Assesses how risk metrics change with hypothetical rule changes. |
Scenario/sensitivity analysis is covered in risk analytics module documentation. | |
|
Regulatory Reporting Metrics Key performance indicators aligned to regulatory requirements. |
Regulatory reporting includes industry-mandated KPIs per product feature lists. | |
|
Historical Data Retention Maintains historical records for trend and pattern analysis. |
Historical data retention features mentioned as supporting trend and long-term analysis. | |
|
Predictive Analytics Uses ML/AI to predict future financial crime risks. |
Predictive analytics using ML for future risk scoring is promoted by Actimize. | |
|
Custom Analytics Module User-defined analytics and dashboards. |
Custom analytics, dashboards, scoring configuration available to clients as per product guides. | |
|
Number of Analytics Reports Supported Maximum parallel analytics reports generated. |
No information available |
Integration & Interoperability
(7 Yes /7 Known /10 Possible features)
|
Core Banking Platform Integration Connects with main system of record to extract customer and transaction data. |
Integration with core banking platforms is a documented feature. | |
|
Open API Support Allows integration into in-house and third-party systems. |
Open API support available for integration with third-party and internal banking systems. | |
|
Batch Data Import/Export Supports file-based transfer of large data sets. |
Batch import/export capability is referenced for onboarding and risk review processes. | |
|
Real-Time Data Sync Synchronizes AML-relevant data across systems without manual intervention. |
Real-time data sync between modules/systems promoted as a differentiator for enterprise clients. | |
|
Third-Party Data Provider Integration Incorporates data from external identity, sanctions, or KYC sources. |
Integration with third-party data providers is a key aspect of KYC and compliance modules. | |
|
Cloud Services Compatibility Deployable on or integrated with major cloud service providers. |
Cloud-native deployment and compatibility is included in recent Actimize product releases. | |
|
Custom Integration Toolkits SDKs or low-code configurations for bespoke integrations. |
No information available | |
|
Number of Supported Integrations Maximum number of direct system integrations supported. |
No information available | |
|
Webhooks Support Ability to automatically notify external systems of events. |
No information available | |
|
ETL (Extract, Transform, Load) Capabilities Handles data normalization and enrichment when importing/exporting data. |
ETL capabilities are noted for data ingestion, normalization and enrichment. |
Compliance & Audit Support
(9 Yes /9 Known /10 Possible features)
|
Comprehensive Audit Logs Captures all system and user actions for audit purposes. |
Comprehensive audit logs provided for all activities, per compliance documentation. | |
|
Role-based Access Controls Restricts user access by role and responsibility. |
Role-based access control is standard, as referenced in documentation and user administration guides. | |
|
Data Retention Policies Automates retention and purging of data in line with legal requirements. |
Data retention policies are configurable for compliance with legal and jurisdictional requirements. | |
|
Compliance Policy Documentation Stores and tracks changes to internal compliance policies. |
Product supports documentation and change tracking for internal compliance policies. | |
|
Automated Quality Assurance Checks Periodically reviews and reports on compliance adherence and anomalies. |
Automated quality assurance checks are documented for monitoring compliance deviations. | |
|
Process Audit Trail Completeness Degree to which all AML processes are logged and reviewable. |
Process audit trails are maintained end-to-end and are a compliance selling point. | |
|
Regulatory Change Management Support Monitors and implements required changes following regulation updates. |
Actimize monitors regulatory changes and updates business rules accordingly. | |
|
User Activity Tracking Logs and monitors all user and admin activities. |
User activity tracking is detailed in system administration documentation. | |
|
No. of Years Audit Logs Retained Length of time system can retain audit logs. |
No information available | |
|
Automated Compliance Alerts Notifies compliance team about procedural breaches. |
Automated alerts for compliance process breaches described as standard feature. |
Security & Data Protection
(9 Yes /9 Known /10 Possible features)
|
End-to-End Encryption All data in transit and at rest is encrypted. |
End-to-end encryption both in transit and at rest is a compliance requirement satisfied by Actimize. | |
|
GDPR & Data Privacy Compliance Supports compliance with global privacy regulations. |
GDPR and similar data privacy requirements are promoted as supported. | |
|
Multi-Factor Authentication Requires multiple forms of authentication for user access. |
Multi-factor authentication supported for user security, per integration overview. | |
|
Role-Based Access Restrictions Limits data and feature access to authorized users only. |
Role-based access restrictions are enforced at all product tiers. | |
|
Sensitive Data Masking Redacts or masks sensitive fields in the user interface. |
Sensitive data masking available as a UI and access feature. | |
|
Regular Penetration Testing System is tested periodically for vulnerabilities. |
Regular penetration tests and security assessments are part of Actimize's compliance program. | |
|
Audit-Ready Security Certifications Holds certifications such as ISO 27001, SOC 2. |
Actimize holds and advertises ISO and SOC certifications. | |
|
Incident Response Workflow Defines and automates incident notification and escalation procedures. |
Incident response workflow is available and can be customized. | |
|
Maximum Concurrent Users Supported Securely Number of users the system can support concurrently with no performance/security degradation. |
No information available | |
|
Data Breach Notification Automation Automatic alerts to compliance and security teams in case of breach. |
Data breach detection and automated notification are described in risk management features. |
Usability & Operations
(7 Yes /7 Known /10 Possible features)
|
Intuitive User Interface Well-organized, user-friendly dashboards and navigation. |
The system is widely recognized for its user-friendly interface and dashboards. | |
|
Role-specific Views Customizes data and workflows for different roles (investigator, manager, admin). |
Role-specific views available for case workers, investigators, and administrators. | |
|
Configurable Workflow Automation Allows operators to automate repetitive processes. |
Configurable workflow automation referenced as a key efficiency driver. | |
|
Multilingual Support System available in multiple user languages. |
Multilingual support available for global clients per implementation guides. | |
|
Custom Alerts and Notifications Users can set personalized notification rules. |
Custom alerts and notifications can be configured per user and workflow. | |
|
Mobile Device Accessibility Accessible from tablets and smartphones. |
No information available | |
|
User Training and Tutorials Offers onboarding and contextual help to new users. |
Onboarding and training tools available as part of Actimize support package. | |
|
Number of Customizable Fields Number of fields users can customize per workflow. |
No information available | |
|
Bulk Operations Support Ability to perform actions (e.g. closing alerts) on many cases/records at once. |
Bulk actions are supported within case and alert management modules. | |
|
System Uptime Guarantee Guaranteed service availability percentage. |
No information available |
This data was generated by an AI system. Please check
with the supplier. While you are talking to them, remind them that they need
to update their entry.