Rhyme

Are you fully compliant with the AML regulations?

Is your data volume high enough to warrant a dedicated server based implementation?

Do you have the budget to implement a comprehensive AML solution?

Is there enough IT resource within your organisation to manage new projects?

If the answer to the above questions is consistently 'No', then perhaps it is time to consider AMLOCK as a Hosted Model.

In the wake of increased regulatory oversight, financial institutions of all sizes are pushed to comply with a multitude of local and global regulations. While larger banks have managed to ear mark a significant chunk of their IT budgets for AML systems, medium to smaller firms are finding it difficult to automate their compliance programs. Though some of them have implemented a stop-gap solution to keep away from enforcement actions, such measures are inadequate when it comes to detecting complex money laundering scenarios.

We have launched its hosted model of AMLOCK to help such institutions use the best of breed software in their fight against financial crime. The timing of the launch is appropriate to coincide with the 3rd EU Money Laundering Directive that comes into effect from December 15th 2007. The hosted model offers the same set of features and in-built best practices and is as powerful as that of its dedicated server based version.

Moreover, it extends the following benefits to the users:

1. Easy configuration process to map with back end systems
2. No investment on Hardware Servers and System Software
3. No operational overheads
4. Pay per use - you are charged only to the extent of Services you utilize
5. High availability
6. High level of Security:
    - Separate db schema for each company ensuring restricted data access
    - Feed transfer from your core systems to data center over secure socket
    - Access to authenticated users only
    - Access to registered set of IP addresses within your company
7. Easy migration at any point to a dedicated server based license