Yes, Velocity’s transaction monitoring system is powered by big data and machine learning. The advanced software monitors the transactions in real-time. This timely monitoring of tran...
Financial institutions need to comply with the changing AML regulations. The main objective of transaction monitoring software is to meet these strict regulatory standards at ease. The software mon...
Yes, Velocity’s TBMS software is highly scalable and can be used to scan large sets of data. The advanced technology speeds up the detection process, reduces the false positives, and ...
Undoubtedly, an automated process is better as it saves a lot of time. Also, when going manually, there are greater chances of errors, as compared to when using the software.
Velocity’s AML ...
There are 3 steps involved in the process of transaction monitoring:
Input or data ingestion - To start with, you need to input all data into Velocity's transaction and behavior monitoring sof...
Yes, if any customer is subject to CTR reporting, Velocity’s Transaction and Behavior monitoring module generates alerts, facilitates necessary due diligence, and generates CTR reports in BFI...
Yes, Velocity’s Transaction and Behavior monitoring module is specifically designed to give financial institutions a quick and accurate view of their customer’s transaction data and fin...