Transaction Monitoring Validator (TMV) is an innovative RegTech approach allowing for ongoing, frequent testing and validation of transaction monitoring systems in line with current regulatory requirements.
Validate suspicious and non-suspicious scenarios
AML Analytics has developed Transaction Monitoring Validator (TMV), a unique solution to enable financial institutions to validate their suspicious and non-suspicious scenario detection activity across multiple business segments.
TMV provides transaction monitoring scenarios, rules and settings validation enabling financial institutions to take a proactive approach in ensuring that existing scenarios work to indicate financial crime risk.
TMV has been created in response to increased international regulatory guidance on transaction monitoring which has driven a market need for an innovative RegTech approach. It allows for ongoing, frequent system testing and validation in line with regulatory requirements.
Synthetic data solutions
TMV will help a financial institution to understand if scenarios are effective and functioning as expected, and to recognise what changes need to be made to threshold parameters to mitigate the ever-changing risks of financial crime.
AML Analytics generates synthetic data to validate each scenario specifically to defined segment and threshold parameters not just once but multiple times and with multiple variations of transactional sequences. Our synthesised data is designed to mimic real transactions from customers.
Our technology is system agnostic and testing is carried out without any IT integration or access to customer data. There are no data protection issues and total data security is ensured. TMV has been developed in line with globally recognised best-practice and according to current guidance from regulators in response to the EU’s Fifth Money Laundering Directive and New York State’s Part 504 AML Regulations.
Our solutions
Cutting-edge RegTech and SupTech testing, validation and risk assessment solutions for financial institutions and regulatory authorities.
Online Risk Based Systems
ORBS (Online Risk Based Systems) is an ingenious new risk framework solution for intelligent reporting and supervision. It has been created to help governments, regulatory authorities and supervisors understand and assess the levels of AML/CFT risk within their jurisdiction.
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Analyser Online
Analyser Online is our customer communication hub. It provides access to the most advanced hosted testing facility for sanction screening and transaction monitoring system technologies, offering powerful analytics to help our customers understand test results quickly and easily and take remedial action to mitigate financial crime risk.
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Global Benchmark
Subscribe to Global Benchmark to measure your sanction screening system performance in terms of efficiency and effectiveness and then regularly benchmark your scores to the industry-standard aggregated scores of your peers around the world.
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Sandbox
Sandbox is a powerful self-assessment tool designed to test the efficiency and effectiveness of your sanction screening system technologies. Sandbox enables firms to create their own sanction screening system tests to suit corporate requirements and risk appetite.
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Annual Assurance Testing
AAT is a new, versatile solution that provides a flexible approach to testing a sanction screening system, facilitating the creation of a bespoke test on a recurring annual basis.
Red Flag Tests
Red Flag Tests is designed to carry out an on-the-spot transaction monitoring system health check by exercising red flag rules using Smart Scenarios consisting of millions of rows of synthetic transaction data to mimic the exact transactional patterns of defined money laundering typologies.
Transaction Monitoring Validator
TMV (Transaction Monitoring Validator) is an innovative RegTech solution to enable ongoing, frequent validation and testing of a transaction monitoring system in line with current regulatory requirements.
Learn More
Sanctions Alert Service
The free Sanctions Alert Service (SAS) from AML Analytics provides details of real-time updates to important sanction lists worldwide, allowing financial institutions to monitor sanction list changes as they happen.
Ready to talk?
Don’t hesitate to reach out to us.
info@aml-analytics.com
+44 (0) 1264 889 339