poseidon aml brochure_en
TRANSCRIPT
Integrated IT Solutions Secure, simple and agile
POSEIDON®AML is a certified (Bank of Greece 2013, Deloitte 2013) integrated banking solution for the prevention of money
laundering and financing of terrorist organizations. Poseidon can alternatively work as an Anti-Fraud System.
The introduction of new and stricter rules and procedures forces all the banks to set in high priority the issue of security.
Money laundering is a real financial risk for the organizations, related directly to the protection of their reliability.
Natech has the requisite know-how and software in order to deal with these risks. The application has unlimited
expandability abilities in order to cover the needs of regulatory conformity of credit institutions.
Poseidon is a modular yet transparent system offering Screening, Scoring, Monitoring, Profiling (trader & transactions based
- KYC) and Case management functionality. The system is designed to operate real time on a 24/7 basis utilizing Natech’s
uniquely developed matching, scoring and prediction algorithms.
POSEIDON® AML
Complete AML/AFT Solution
Integrated IT Solutions Secure, simple and agile
Scoring Profiling Watch ListsCases &
WorkflowsScreening &
AlertingReporting &
MISKYC
POSEIDON® AML encapsulated over 30 years of experience in developing software
solutions for financial institutions. It is a system capable of adhereing to international
context targeting AML/AFT and Financial Criminal activities securily, in a simple yet
agile way. The system is multilingual both at user and at customer level and it is
developed on a concrete platform (Natech DRP®) utilizing a hybrid Case Based
Reasoning engine / Rule Based reasoning engines for its profiling, watchlists,
screening and scoring subsystems.
Adherence to international standards
Over 10 financial institutions (7 banks, 2 payment institutions and 1 international
paymenet agency) run on Poseidon AML to curb Money Laundering and Terrorist
Financing activities. Poseidon has been designed to support flexible organizations at
an international level scoring over 10.000 transactions/minute per CPU.
TranscationTransactionAuditing
•Watch Lists
•Rules
•Statistical evidence
Scoring Profiling
•Group
•Sector
•Client
•Transaction
KYC Evaluation
SUMMARY INFO
Adherence to international Standards for AML/ATF Monitoring and identification of shady transactions Transaction & customer scoring Customer centric approach Evaluation and analysis of transaction behavior Own based Reporting engine M.I.S. Case Management System Dynamic relational content publishing (Natech DRP) Scenarios Ability to set custom based rules and flows Integration to ERP & Core Banking systems real-time /offline (batch) Autonomous DB Context Location agnostic Database scheme Fully customizable GUI Authentication using Kerberos / Active Directory Authorization system Workflow engine for Case Management System Multiple watch-lists and ability to add lists on demand Risk Evaluation and assessment
Alert
Screen Case
Integrated IT Solutions Secure, simple and agile
Centralized Administration
POSEIDON ® AML supports the
centralization of configuration, se-
tup and handling of all systems
functionality. Thus, every detail is
taken care of from a central point
of view.
Security and Integrity
Poseidon AML utilizes Natech’s
Core Banking Authentication sy-
stem which supports multiple
authentication protocols, encrypt-
tion mechanisms and heuristic
algorithms to ensure that data and
content rights are managed accor-
dingly.
Integration
The system integrates seamlessly
to other systems via multiple
channels. Ranging from service
brokerage to web services, flat
files or database proxies, Poseidon
AML can support multiple systems
across different platforms and
business models.
Profiling
Customers together with tran-
sactions are being profiled (each
transaction is being assigned to
“behavior” buckets). All entities
are categorized and evaluated
according to given rule sets and
then they are fed back to the
system to produce certain and
accurate decisions. Information is
then flown to the profiling engine
to determine the risk factor and
the customer profile.
Scoring
A hybrid of a case management
system and a Rule based system
empower Poseidon making it one
of the fastest and most reliable
solutions fighting Money laun-
dering and Terrorist Financing
Actions. Combining historical stati-
stical evidence together with the
information flown from every
integrated system, the system
scores each and every transaction,
the customers (both parties if e-
xist), the originator, the groups
the customers belong to but also
the risk factor of the transaction
type. The scoring system also
incorporates information from the
watch lists and evaluates all
factors deriving from the custom
rules set.
Multiple regression algorithms al-
low multiple decision thresholds
to be evaluated and acted upon.
Matching
POSEIDON® uses a heuristic lexical
analysis based on custom develop-
ped Lucene Algorithms to match
customers belonging to (Watch
lists). Minimizing false positives
and false negatives, Poseidon is a
world leader.
Secure Grounds
Natech has developed Poseidon
on its Natech DRP® Platform
while having incorporated a
strong case management system
to support monitoring and eva-
luation of the system’s reports at
retro. Poseidon AML can also be
used as an Anti Fraud System
making it a strategic investment
for a financial institution.
The system is in multi-tier archi-
tecture and is being designed to
support expansion and integra-
tion to other systems (own ba-
sedMIS reporting, anti Corrup-
tion systems, CRM, ERP, Core
and webbanking systems etc).
Integrated IT Solutions Secure, simple and agile
AML/AFT Solution
Natech S.A. offers integrated IT Solutions for Financial Institutions for over of 30 years. Together with Poseidon
AML, Natech develops a Core Banking System (CSB ) which runs in 10 Banks in Greece, 1 Bank in the UK, 1
European Payment Institution and 1 API in Georgia. Also it develops and support numerous IT solutions for the
Banking sector such as CSB.Web (a web banking solution), Natech.CRM, BOS.ERP, DIAS Suite (SEPA products
suite), Natech Q (Asset and Treasury) etc.
Contact us
Web: http://www.natech.gr
Tel.: +30 26510 77300
Email: [email protected]