blueBox
Our AML Transaction Monitoring solution
Our product is designed to be sustainable and low maintenance. By offering the following key features, blueBox proves to be a comprehensive end-to-end solution to meet modern regulatory requirements and expectations

Data Quality & Data Lineage

Methodology Implementation

Model Validation & Testing

AML Rules Engine
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Case Management

Reporting & Documentation
Data Quality & Lineage
Assess data quality of key data elements by using data profiling and discovery functions. View business definitions of data elements in data catalog.




Legacy Solutions
blueBox
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Designed to meet AML regulations that were defined 20+ years ago
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Provide technical capabilities to banks and users
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Designed from the ground up to meet modern regulatory requirements
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Designed based on practitioner’s experience and users' need rather than software technical requirements
Regulatory Compliance
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Implementation cost is high due to lengthy timelines ( > 9 months)
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Complex implementation as it requires banks to hire external consultants to conduct data analysis to configure solution
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Maintenance costs are high as banks need to develop their custom process to review, optimize and configure AML rules and threshold values annually
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Short implementation timelines (<3 months) as all configurations can be completed within the software
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Low ongoing maintenance cost as processes are automated or pre-defined for users such as model validation and periodic threshold optimization
Cost
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Each overseas branch will require a new installation of the software, and could require a whole new set of hardware
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Manage multiple overseas branches' AML TM programs in a single software installation in HQ
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Each branch can have a independent
set of users, rules, methodology and policy
Flexibility
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Critical functionalities and features are not available and are bank's responsibility to develop. E.g. rules selection, threshold methodology, and case investigation policy & procedure
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Defined step-by-step processes to help banks fully configure the solution and AML rules
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Workflows and processes are
pre-configured to follow defined policy & procedure that allows banks to customize
End-to-End AML TM Solution
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Custom and manual processes needs to be developed or used for periodic model validation and testing
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Alert sampling based on testing methodology are built-in features in the solution, so banks are ready to respond to internal or external auditors
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Documentations are always up-to-date and can be auto-generated on demand to meet immediate needs
Validation & Testing
Try out blueBox for yourself
Take the burden off your team and meet industry requirements effortlessly.