multichannel data solution for Banks
ONBOARDING | COMPLIANCE | RECONCILIATION | FRAUD | ANALYTICS
Banks have long struggled to tame their Data Demon. With new products, new systems, and technology changing daily, combating the complexity of transactional data requires an advanced, automated, and accurate approach. FinanSeer®, the first multichannel data solution for Banks, provides modules focused on Compliance, Reconciliation, Fraud, and Analytics to keep accounts balanced, compliant with the latest rules, less susceptible to fraud, and able to utilize their data to reduce churn and increase revenue. IdentitySeer provides an onboarding engine, for KYC and KYB, to stop fraudsters before they can start.
All-in-one Data Partner
KYC/KYB Onboarding
In addition to premium data analytics via FinanSeer®, DataSeers now offers KYCKYC stands for “Know Your Customer”. In banking, it is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure… and KYB for onboardingOnboarding is the process of integrating a new employee, customer, or user into an organisation or system. It includes orientation, training, and familiarisation to ensure a smooth transition and effective… via IdentitySeer providing the best identity data verification available. With ongoing monitoring available, DataSeers is an all-in-one data partner. FinanSeer® is both secure (PCI and PII compliant) and entirely scalable.
The Power of AI
FinanSeer® is a multichannel data solution for Banks consolidating the four services of Compliance, Reconciliation, Fraud, and Analytics into one AI-powered data solution. TransactionA transaction involves the exchange of goods, services or financial assets between one or more parties. it can include various types of activities, including purchases, sales and transfers. data collected from all possible sources is cleaned, homogenized, ingested, labeled, augmented, encrypted, and distributed to the “Seer” modules that complete the four data services. By maintaining control of the data throughout each process, FinanSeer® creates a cycle of “Quality In, Quality Out.”
Monitor and report suspicious activities including money laundering using complex behavior-based algorithms combined with traditional rules.
Unfair Deceptive and Abusive Acts or Practices monitoring as part of consumer complianceCompliance is used to refer to the adherence to laws, regulations and industry standards within a specific business or financial context. Compliance can involve implementing policies and procedures to ensure… allows fintechs to monitor for incorrectly charged fees across programs.
Automated workflows to monitor disputes in electronic transitions to ensure the regulations are followed.
Manage complaints with an automated end to end workflow between regulatory bodies, issuers, partners, and programs with the ability to document evidence.
SettlementThe actual movement of funds from one financial institution to another that completes a transaction. Reconciliation within the system helps fintechFintech is a term used to describe financial technology. This often refers to the innovative use of technology to provide consumers and businesses with financial services. This can include banking,… match drawdowns to the specific network activity, ensuring the settlements match.
FinanSeer can easily configure reports to meet the specific needs of networks, which require quarterly reporting.
IdentitySeer can create custom models for CDD risk rating and categorize customers as requiring additional documentation when opening new accounts.
Monitor complex fraudulent activities with sophisticated self-learning algorithms that stay up to date with industry trends.
Onboard customers and businesses in 200+ countries by performing government checks, ID Validation, Watchlists, SanctionsSanctions are any restrictions or penalties imposed by governments or international bodies on entities, countries, regions or individuals in order to achieve foreign policy or security objectives. Sanctions can include…, PEP and Adverse Media with the ability to detect synthetic, manipulated, and stolen identities.
The case management system pulls data from all internal and external systems into a single place for investigating cases.
Ensures that money is moved to the right accounts for the purpose of settlementThe movement of funds from one financial institution to another, which ultimately completes a transaction., mitigating issues associated with sweeps and negative balances.
Calculate revenues of a specific program.
The DataSeers churn models predict behavior that leads to churn and account closure allowing institutions to react before a customer churns.
Proprietary segmentation models allow financial institutions to communicate with different customer groups in different manners and then to analyze the impact of the differentiated campaigns on the various groups/segments separately.
The DataSeers fully automated filing service assists in the regulatory timeliness of reports and investigations – without interruptions.
