The legal requirements for banks are constantly increasing and the daily growing flood of data makes the work of the compliance department increasingly complex. There is often a lack of suitable tools for effective research, which then has to be carried out manually. This is where the AI-supported NetCompliance solution from Netlive IT AG comes in.
NetCompliance offers an integrated customer view with profile and transaction data, automatically identifies anomalies and enables compliance teams to collaborate efficiently via a centralized case management system.
Using state-of-the-art IT tools, you can refine risk identification and streamline compliance processes - for maximum security with minimum effort.
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Greater efficiency
NetCompliance brings together data from different systems so that your employees have a single view of it and can work efficiently and effectively. Repetitive tasks are automated and performed in the background.
Better quality
NetCompliance uses artificial intelligence to find cases that would have remained undetected due to a lack of resources. Your employees use their time for demanding tasks.
Strategic importance
Bringing all relevant data together in one place opens up completely newpossibilities for the compliance department and the bank. With this treasuretrove of data, you gain important insights for predictive analytics, scenarioanalysis, and marketing. This makes the compliance department a strategicallyimportant area of the company.
New technologies such as artificial intelligence and network databases simplify the work of compliance and help to eliminate old problems. Our solutions also give private and regional banks access to this potential.
Adverse Media Screening
Net Compliance checks the entire address master for problematic cases on a daily basis and compares results with structured and unstructured data from external sources such as WorldCheck, Netlive AdverseMedia Service, and Accuity.
Anomaly detection
Net Compliance compares displayed and actual transactions, and identifies deviations from normal payment behavior. Net Compliance is open to third-party products, such as NetGuardians, for fraud detection.
Pattern recognition
Net Compliance uses artificial intelligence to detect suspicious patterns in various banking systems such as core banking, archive, CRM and email.
Central data management provides you with all important data at a glance. For example, data from your core banking, CRM or archive. You can search your bank data as easily as Google searches the internet, and understand customer, partner and employee relationships as you would on LinkedIn. You can also create, track and organize your cases via the intuitive compliance cockpit. NetCompliance avoids duplication, simplifies internal collaboration and communication, and significantly reduces the workload per case.
The NetCompliance Cockpit - keep an overview.
Consolidated view: Visualize relevant data and events from different systems in one place in an intuitive dashboard.
Task prioritization: Important and urgent tasks come first. Organize compliance tasks efficiently so that your employees can use their working day effectively.
Anomaly detection: Stay on top of unexpected anomalies and potential risks with built-in alerts and notifications.
With NetCompliance, your team can focus on the essentials: No switching between programs, no missed tasks, and clearly prioritized task processing.
Efficiency and accuracy with NetCompliance Name Matching
Optimization of hit accuracy: reduction of false positives and promotion of efficient and precise customer monitoring.
Versatile application: Use name matching for sanctions list checks, adverse media checks of customer addresses, and transaction monitoring.
Integration and accessibility: Through interface integration (API), NetCompliance Name Matching is accessible to other applications and can thus be integrated into third-party software and made available to various departments.
With NetCompliance Name Matching you can significantly increase the accuracy and efficiency of your compliance processes. Fewer false positives means your team can focus their attention where it's needed most, saving time and resources.
Individual profile monitoring with NetCompliance
Individual monitoring: NetCompliance offers risk-based individual or customer class monitoring for automatic monitoring of incoming and outgoing payments, including countries, periodicity, amounts, recipients and senders.
Pattern recognition: Detects evasion attempts and unusual patterns to proactively identify potential risks
Intelligent understanding: NetCompliance recognizes and understands special transactions, such as mortgage payments, and differentiates them from unusual activities.
NetCompliance is characterized by its ability to monitor individual and class-based profiles.
Each customer is considered unique and each transaction is analyzed using individual or class-based business profiles. By doing this, we ensure precise, meaningful and cost-effective compliance monitoring.
Intelligent case management with NetCompliance
Standardized case management: Manage automated and manually created cases centrally. Collect all information and documents in one place and promote team communication with integrated communication tools.
Complete customer overview: Gain deep insights into risk and business profiles, personal and company relationships as well as transaction histories, and automated analyses.
Decision support: Clear analyses and intuitive visualizations support well-founded decisions and facilitate escalation processes.
NetCompliance makes case management simple and informative. It provides all the information and tools you need to make decisions quickly and collaboratively. This makes your compliance team more efficient, collaborate better, and proactively comply with regulations.
Name check with dossier function
Provide quick access to people and companies in sanctions and adverse media lists, and offer an anonymized Internet searches for people and companies in common search engines, such as Google. You can also enter queries on AI-based search engines, such as Perplexity. This allows you to optimize the background check during onboarding in particular. An integrated dossier function documents the results across several departments. An AI-based summary provides you with the most important results at a glance.
Market abuse regulation under control with NetCompliance
Profit and loss analysis: Daily checking of transactions for conspicuous profits or avoided losses, supported by automated algorithms.
Volume and liquidity check: Determines whether the volume and liquidity of the traded securities correspond to the general market trend.
Trading pattern check: Identifies simultaneous purchases and sales of the same financial instrument and checks the links between participants.
Communicate in the relevant context
As a compliance employee, communicate with customer advisors or other stakeholders via an integrated mailing solution and reference cases, customer relationships, and individuals. Ensure that deputies also see the necessary information immediately.
Technical information
We install our compliance suite on your premises so that you can keep your valuable data private.
Your data can be integrated into the compliance suite in all common formats from your systems, such as XML, CSV or JSON.
We have a lot of experience in integrating data from core banking or CRM systems. Integration projects are usually completed in just a few days.
In addition to the integration of customer and transaction data, we have integrated common sanctions and adverse media lists.
