TrackWizz Global Transaction Monitoring Solutions

Key facts

100+
institutions

9+
years

4+
business
segments

150+
monitoring scenarios

TrackWizz Transaction Monitoring is verifying the customer’s transactions including assessing historical/current customer information and interactions to detect money laundering and terrorism financing, or for surveillance purpose. It is one of the key activities of an Anti Money Laundering Compliance Program.

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Transaction Monitoring is done for...

Features and benefits

Subject matter experts

Industry experienced, certified, specialist teams for Anti Money Laundering & financial crime

Typology/alert repository

150+ scenarios, helps achieve faster time to market

Simulation engine

Allows back-testing, resulting in framing of effective monitoring rules

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Option to integrate Screening and Risk Rating solution

Risk based approach

Easy to configure alert generation based on risk/ customer/transaction attributes results in high quality detection

One view

Power of breadth, depth of internal/external information in case manager results in accurate decision making in record time

Features and benefits

FEATURES

Single click SAR/STR batch generation

100+ reports

External alert integration

Notifications & escalation manager

Adverse media integration

Financial estimation

BENEFITS

Facilitates FIU reporting by generating ready to upload files

Industry accepted readily available reports save efforts of creating custom reports

Provision to add human and other system generated alerts resulting in a single repository of alerts

Timely and right stakeholder communication leads to faster decision making

Empowers enhanced due diligence

Allows logic based financial size mapping, resulting in reduction of false positives

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Venu Madhav Head - Operations,

We have been using TrackWizz offered by TSS for our compliance-related activities for the past few years. With the help of TrackWizz, we've been able to effectively manage all our regulatory AML related requirements easily, even as we continue to scale at a fast pace. The tools offered on TrackWizz are top of the line. Additionally, the team at TrackWizz has been extremely accommodative in understanding our business-specific requirements and customizing solutions to match them.

Stephan Kemp Compliance Officer,

The TrackWizz Transaction Monitoring solution allowed us to significantly improve the efficacy and robustness of our transaction monitoring programme. The solution includes an intuitive workflow that allows users to collaborate seamlessly when reviewing transactions that are potentially suspicious or unusual. With the help of TSS, we were able to customise transaction monitoring rules that is specific to the transactional behaviour of our clients. This ensures fewer false positives and frees up resources to focus on those transactions that is indicative of reportable behaviour. The solution further allows a fully auditable workflow which provides much needed ease of mind to AML/CFT Compliance Officers.

Amit Arora Senior VP,

Over the last 7 years, our relationship with TrackWizz has been growing. It began with Anti Money Laundering and we use now more than 7 modules in areas of insider trading and KYC. Their approach of continuously improving the solution in this ever-changing landscape of financial services is their biggest strength. The integration of modules in a single software has also helped to achieve savings of cost and resources.
TrackWizz is a genuine partner for our compliance and operations requirements.

Explore complete TrackWizz Anti Money Laundering solution or explore individual modules

Screening
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