Financial Crime Compliance and Risk Management

pKYC represents the new industry standard of KYC, making once static processes fully dynamic and adaptive.

Through the integration of advanced data capabilities, pKYC enables continuous, trigger-based risk monitoring of all customers. With this enhanced functionality, financial institutions can respond to events and behavior changes in real-time – allowing organizations to recognize and react to suspicious activity the moment it occurs.

Capgemini’s pKYC offer includes:

Data aggregation

• Pre-built integrations from hundreds of primary and premium data products covering even more jurisdictions, from corporate registries to stock exchange listings.

Digital KYC profile

• A digital profile for each customer with current data built into a platform used by AI models, allowing for omnichannel engagement between banks and customers in real time.

UBO identification

• Automatically search external data sources, minimizing client outreach and establishing ownership as well as control structures with diagrams to help teams visualize insights.

Data management

• Reduces time lag between KYC review and potential risk exposure of undetected and uninvestigated changes which maintains ongoing compliance.

Automated record-keeping

• Maintain accurate customer and counterparty records through an integrated workflow.
• Reduction of false positives and due diligence review backlogs.
• Permit automated performance of repetitive, routine tasks, freeing up time of analysts.

Audit trail

• Automated service that creates and maintains a dynamic audit trail, removing unnecessary due diligence and prioritizing investigation workflow provided by KYC analysts.

We partner with RegTech leaders such as Encompass Corporation, Quantexa and WorkFusion to help you through their AML/KYC transformation journey, offering cutting-edge financial risk advisory and compliance technology integration.

Capgemini’s FCC Managed Services are structured to offer seamless support across the entire FCC lifecycle, addressing both financial crime risk management and compliance, facilitated by data-driven decision-making, accelerated by technology-enabled workflows, underpinned by our centers of excellence, and enhanced through collaboration with seasoned subject matter experts.

Our FCC Managed Services offer includes:

Transaction monitoring

• Handling transaction monitoring alert reviews
• Overseeing case escalations
• Writing suspicious activity reports seamlessly

Due diligence

• Counterparty due diligence
• Third-party due diligence
• End-to-end program management services

Screening

• We conduct daily sanctions and watchlist screenings for SWIFT messages, politically exposed person checks, negative news, and manage alert clearings.

Through these tailored services, Capgemini empowers financial institutions to maintain compliance, mitigate risks, and enhance operational effectiveness, positioning them ahead in the dynamic field of finance and risk management.

Capgemini’s Advisory Solutions leverage cognitive computing and machine learning to strengthen anti-money laundering, anti-bribery, and sanctions risk management efforts across financial institutions. Our services streamline compliance audit, risk assessments, and technology integration to meet rigorous regulatory standards and improve operational efficiency.

We help firms identify the risks and assess FCC control weaknesses, enabling them in evaluating controls, designing monitoring programs, and ensuring compliance across all defense lines.

Capgemini’s FCC advisory offer includes:

Compliance audit, assurance, and testing

• We design, implement, and execute FCC audit and assurance programs in line with regulatory requirements and industry best practices.

Compliance program design, reviewing, and testing

• Conducting program reviews against industry standards and regulatory expectations
• Designing and implementing FCC control improvements per regulatory requirements.

Risk and gap assessments

• Reviewing, designing, and enhancing enterprise risk assessment processes

Independent monitorships and FCA skilled person reviews

• Serve as a trusted partner to clients who are the subject of regulatory monitorships or self-appointed by companies on a proactive basis.

Remediations/lookbacks

• Uplift of KYC file completeness and accuracy to bring into compliance with global regulations

Compliance analytics/ technology assessments

• Identify, analyze and solve complex data and technology challenges covering to FCC models and screening and transaction monitoring systems.

Compliance technology integration

• Implementation and testing of technology to support compliance business processes

Through these tailored advisory solutions, Capgemini enables financial institutions to meet and exceed the evolving demands of financial crime compliance, ensuring they are well-equipped to navigate the complexities of the regulatory landscape.

In a world with evolving financial regulations, there is a growing need for addressing compliance standards, such as BSA/AML and OFAC.

By introducing advanced model validation services and focusing on meeting standards, companies become better placed to streamline model outputs and thus highlight suspicious activities while minimizing false positives.

Capgemini’s compliance & risk analytics offer includes:

Compliance Technology Testing

• We perform system evaluation, modeling, validation, testing and tuning for transaction monitoring models
• Screening systems review
• Customer Risk Rating Model review and stress testing
• NY DFS Part 504 compliance assessments
• Independent transaction monitoring functional testing and scenario replication
• Above-the-line and below-the-line testing

Compliance Control Framework Analytics

• Complete data driven assessment of control frameworks
• Coverage gap assessment
• Model governance and conceptual soundness review
• Management Information analysis and optimization

Transactional Analytics

• Deep wealth of experience analyzing cross-border, correspondent, securities and retail transactional activity
• SWIFT message analysis and Tag 70/72 unstructured analysis

Data Testing

• Data governance review
• Identification of Critical Data Elements
• Data quality testing
• End-to-end data lineage testing

Our suite of analytics-driven services ensures financial institutions can meet the demands of evolving financial regulations while enhancing both financial services risk management and their overall compliance frameworks.