Financial crime model validation
Worried that your financial crime models might be missing something important?
Whether it’s related to regulations like the Bank Secrecy Act or a criminal entity attempting to abuse the financial system, you want to make sure your models aren’t coming up short.
We’ve worked with banks and financial services companies of all kinds to validate AML transaction monitoring, customer risk rating, sanctions, list screening, and fraud models – and helped them uncover unexpected opportunities along the way.
Financial crime is getting more sophisticated. So are the models that look for it.
Organized crime syndicates, international terrorist groups, and other bad actors are constantly moving money through legitimate companies.
It’s not easy to adjust complex, fine-tuned financial crime models in order to keep up with their methods.
We understand these models – and the common problems that come up in their implementation and governance.
We can also incorporate advanced technologies like machine learning and AI into models to make them more efficient and adaptable.
Your financial crime model validation should go beyond data.
You might be feeling good about the data generated by your money laundering, customer risk rating, sanctions, and fraud models, and that’s great.
But your financial crime model validation can and should go beyond data. It’s also important to know they’re tested and ready for threats.
We’ll look at how your models operate and find ways to enhance them.
Our approach drives greater effectiveness in managing financial crime risks.
Make your life less stressful with specialized, thorough model validation.
Financial crime models are highly specialized and sophisticated.
It can be laborious and time-consuming to make sure models are running properly. And there’s a low margin for error.
We validate efficiently and carefully against model risk management standards.
That saves you time and money –not to mention a lot of potential headaches.
We’ll make it easier for you to find potential problems in your financial crime models.
Our validation offerings cover a variety of model types, including AML transaction monitoring, customer risk rating, sanctions, list screening, and fraud.
Our testing approach and strategies are deployed to target the specific risk inherent in each model type.
And we can work both co-sourced and outsourced roles to drive value for your organization.
Our validation offerings cover a variety of model types, including AML transaction monitoring, customer risk rating, sanctions, list screening, and fraud.
Our testing approach and strategies are deployed to target the specific risk inherent in each model type.
And we can work both co-sourced and outsourced roles to drive value for your organization.
Work with an experienced, proactive validator that truly understands these models.
This doesn’t have to be difficult. You can get peace of mind on your financial crime models.
Our model validation is field-tested and bank-approved. We’ve seen the relief that comes from knowing financial crime models are reliable and compliant.
We’re ready to help you get there. Find out why 100% of financial crime clients who responded to our engagement survey said they really like doing business with us.
