Comprehensive Financial Crime Compliance Solutions
A watch tower to predict risks and eliminate threats
Know MoreFinancial Crime Compliance
Organizations across financial and non-financial sectors face increasing challenges in combating financial crime while ensuring compliance with stringent global regulatory standards. According to Forrester, the global cost of financial crime compliance has surged, with institutions in the US and Canada alone incurring annual expenses of $61 billion. This underscores the critical need for robust, efficient, and scalable business process management solutions complemented by expert regulatory advisory and cutting-edge technology.
Our domain expertise, multidisciplinary workforce, and cutting-edge technology assets can drive transformation rapidly and at scale. Our AI and generative AI offerings—part of Infosys Topaz which is an AI-first set of services, solutions and platforms—significantly boost productivity and innovation by integrating ready-to-use tactical solutions, a vast partner ecosystem, and responsible and ethical design frameworks.
Key stats
20+ Years of experience in FCC
50+ Global clients
9 Mn+ Transactions per year
36 Global delivery centers
Our holistic FCC approach
Infosys BPM has adopted a holistic approach to managing financial crime compliance, combining advanced technology and expert advisory services. Our comprehensive solutions leverage market-leading platforms and strategic technology partnerships to address diverse FCC pain points. For instance, AI-first operations enhance productivity by transforming the entire FCC operations value chain, and Machine Learning algorithms identify transaction patterns and detect anomalies in real time.
FCC solutions
Our approach targets productivity, automation, and optimization, empowering you to mitigate risks, adapt to regulatory changes, and achieve sustainable operational excellence. Here are more details of our platforms.
Anti-financial Crime Platform
Anti-financial Crime Platform
- Implementation
- Upgrade and migrations
- WLF, CDD, and SAM solutions
- Strategy, roadmap, model validation and tuning
- Reduction in false positives by 10%
- Optimization of alert generation models
- Efficiency gains by reviewing fine-tuned summary of each case
- Detection, case management, and workflow tools to prevent financial crime
- Automated case narration and SAR filing
- Cloud/on-premises/hybrid implementation
AI
Next
Tangible Benefits
- 10x productivity
- 40% to 60% reduction in review time
- 90% automation coverage
- 50% reduction in handle time
- 25% improvement in productivity
- 10% increase in CSAT
- 15% higher FCR
- 20% reduction in operational costs
- Digitization, automated classification, data validation, intuitive dashboards, and role-based access
- Intelligent agent experience automation platform
- AssistEdge Engage for smart automation, contextual assistance, and real-time insights
Compliance Regulatory Reporting
Tangible Benefits
- 15% to 20% automated processes
- Bank Secrecy Act (BSA) reports, including Suspicious Activity Reports (SARs), and Currency Transaction Reports (CTRs)
Infosys Advisory
Tangible Benefits
- Overall streamlined lean process with a 15% to 20% efficacy
- Operational resilience: risk mitigation through prescriptive and consistent rules on digital operational resilience
- Utilize legal and regulatory compliance intelligence, industry engagement, and direct communication with regulators to provide advisory services
Task
Mining
Tangible Benefits
- Identifies process gaps and variations
- Identifies and prioritizes automation opportunities
- 50% reduction in process documentation effort
- Ensures process compliance
- AssistEdge Discover: map and assess processes to automate only what matters
Precision and Recall optimization
Tangible Benefits
- Reduction in false positives
- Improves rules efficiency
- Reduction in false negatives
- Identify new rules to be created
- Statistical tools: R, Python, and SAS
- Platforms: IBM Safer Payments to optimize detection process
Analytics
Dashboard
Tangible Benefits
- Provides operational insights
- Real-time view of reports
- Improved KPIs
- Power BI, Tableau dashboards: Advanced analytics dashboards for insights on business and operational KPIs
FCC-as-a-Service
Our impact
Infosys BPM has significantly strengthened financial crime compliance through cost savings, operational efficiency, and regulatory adaptability. With advanced analytics and RPA/ML/AI-driven automation, we help organizations detect fraud and suspicious transactions in real time and meet compliance requirements.
Why us?
- Leverages cross-functional teams (Tech, Consulting, and Operations)
- Utilizes a suite of homegrown products (AML Alert Workbench, Document Workbench, Intelligent KYC, Risk Profiling Agent, and Digitization of Fraud Disputes)
- Focus on best practices, on-demand e-learning, regulatory monitoring, metrics and benchmarks, knowledge management, training and certifications, and industry partnerships
- Collaborations with global Regtech companies (advisory, platform, RPA/ML/AI)
- Enables delivery of tailored, best-in-class solutions
- A customized, end-to-end solution encompassing business consulting, product selection, implementation, maintenance, and day-to-day operations
- Improved Efficiency: Reduced handling time and increased throughput per agent (30-40%)
- Reduced Risk: Decreased false positives by up to 40% through operational and technological enhancements
- Cost Optimization: Reduced total cost of operations by 40-60%
Insights
Drive FCC Excellence with Infosys BPM!
Industry Recognitions
Awards & Analyst Recognitions Won by Infosys BPM
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