Regtech solutions - AML & Compliance

Navigate Risk and Regulatory Compliance with Confidence and Assurance. In today’s complex regulatory landscape, compliance is non-negotiable. At Avenirfintech, we’re revolutionizing the way businesses navigate regulatory challenges with our cutting-edge RegTech solutions.

Introducing Universal RegTech Solution: a fortified framework empowering banks to seamlessly adapt to the ever-changing regulatory terrain. Fueled by advanced technologies like AI, ML, and RPA, our solution facilitates Financial Crime Surveillance, Prevention, and Regulatory Compliance. We empower banks and financial institutions to stay ahead of evolving regulatory requirements, seamlessly integrating with their systems to deliver swift, reliable, and secure compliance solutions tailored to their needs.

Introducing Universal RegTech Solution: a fortified framework empowering banks to seamlessly adapt to the ever-changing regulatory terrain. Fueled by advanced technologies like AI, ML, and RPA, our solution facilitates Financial Crime Surveillance, Prevention, and Regulatory Compliance. We empower banks and financial institutions to stay ahead of evolving regulatory requirements, seamlessly integrating with their systems to deliver swift, reliable, and secure compliance solutions tailored to their needs.

Anti-Money Laundering

Amidst tightening regulations, our AML Solution, endorsed by clients across continents, leverages AI, ML, and RPA to fortify financial institutions against AML risks. Monitoring transactions in real-time ensures compliance with global AML regulations while boosting operational efficiency.
  • Real-time detection of suspicious transactions
  • Automatic case generation for regulatory reporting
  • Unified and consistent screening of watchlists
  • Adverse media report scanning for customer risk evaluation.
  • SWIFT message scanning
  • Built-in facial and voice recognition, along with document verification for enhanced user authentication

Anti-Fraud Solution

Discover our Anti-Fraud Solution: an enterprise-wide platform fortified against fraud, minimizing risk exposure with advanced automation. Powered by AI and ML, it delivers accurate fraud detection while reducing false positives. Whether deployed individually or integrated, our solution ensures efficient prevention and detection across all channels, guaranteeing peace of mind with lower false positive rates
  • Harness unique neural network models for unparalleled insights.
  • Boost efficiency across operations.
  • Minimize unnecessary alerts with significantly fewer false positives.
  • Seamlessly support multiple languages, geographies, and sectors.
  • Easily integrate with third-party systems for enhanced functionality.
  • Enable prevention, detection, and elimination of sophisticated criminal activity.

More on REGTECH

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FATCA CRS

Amidst the surge in global tax reporting regulations, Our FATCA & CRS solution stands out as a market-leading software, streamlining compliance processes and alleviating the burden of policy formulation and implementation. Covering customer categorization, communication, and reporting requirements, our solution ensures seamless adherence to FATCA and CRS mandates, navigating the complexities with ease.

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AIFMD (Alternative Investment Fund Managers Directive)

AIFMD solution offers meticulously crafted assistance to alternative investment fund managers, alleviating compliance burdens and addressing all aspects of AIFMD reporting. With a keen eye on the directive's evolution, our solution seamlessly generates ready-to-submit XML files, leveraging regulatory expertise to ensure compliance with the European Securities and Markets Authority (ESMA) directive.

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XBRL (Extensible Business Reporting Language - Ireland)

XBRL Reporting tool establishes a standardized format for financial reporting, facilitating uniform submissions of data to banks, investors, and government authorities. This tool enables organizations to efficiently submit PRISM Impact Metrics Data (PIMD) and FINREP returns in XBRL format to the Central Bank of Ireland, aligning with regulatory requirements and streamlining reporting processes for investment firms and fund service providers.

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BORT (Univius Beneficial Ownership Reporting)

Universal Regtech Solution's Beneficial Ownership Reporting Tool streamlines compliance with regulations on identifying true owners and stakeholders. It facilitates submission to the Companies Registry of the JFSC, embedding SEC requirements. With end-to-end support, automation, and API-agnostic technology, it eases reporting burdens while ensuring regulatory compliance.

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MDR - DAC 6

Universal Regtech Solution's DAC 6 reporting tool ensures compliance with the revised Directive 2011/16/EU, known as DAC6 or Mandatory Disclosure Rules (MDR) Directive. This SaaS-based solution facilitates structured assessment and identification of reportable cross-border arrangements, incorporating country-specific hallmarks and a robust governance framework. With automated report generation and submission capabilities, it mitigates the financial and reputational risks of non-compliance with EU Directive 2018/822 on Administrative Co-operation.

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CCR (Central Credit Register – Ireland)

An agile solution enabling financial institutions to transmit detailed lending data to the national credit registry for Central Bank of Ireland

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DTAX

HMRC's Making Tax Digital (MTD) initiative mandates digital VAT processes. Universal Regtech Solution's DTAX, an HMRC-approved software, ensures compliance. Seamlessly integrating with third-party accounting solutions, it facilitates secure API-based VAT record submission. Designed to scale, it meets the needs of businesses of all sizes, aligning with the UK government's digital tax system modernization vision.

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FATCA CRS

Amidst the surge in global tax reporting regulations, Kiya.ai’s FATCA & CRS solution stands out as a market-leading software, streamlining compliance processes and alleviating the burden of policy formulation and implementation. Covering customer categorization, communication, and reporting requirements, our solution ensures seamless adherence to FATCA and CRS mandates, navigating the complexities with ease.

AIFMD (Alternative Investment Fund Managers Directive)

Kiya.ai’s AIFMD solution offers meticulously crafted assistance to alternative investment fund managers, alleviating compliance burdens and addressing all aspects of AIFMD reporting. With a keen eye on the directive’s evolution, our solution seamlessly generates ready-to-submit XML files, leveraging regulatory expertise to ensure compliance with the European Securities and Markets Authority (ESMA) directive.

XBRL (Extensible Business Reporting Language - Ireland)

Kiya.ai’s XBRL Reporting tool establishes a standardized format for financial reporting, facilitating uniform submissions of data to banks, investors, and government authorities. This tool enables organizations to efficiently submit PRISM Impact Metrics Data (PIMD) and FINREP returns in XBRL format to the Central Bank of Ireland, aligning with regulatory requirements and streamlining reporting processes for investment firms and fund service providers.

BORT (Univius Beneficial Ownership Reporting)

Universal Regtech Solution’s Beneficial Ownership Reporting Tool streamlines compliance with regulations on identifying true owners and stakeholders. It facilitates submission to the Companies Registry of the JFSC, embedding SEC requirements. With end-to-end support, automation, and API-agnostic technology, it eases reporting burdens while ensuring regulatory compliance.

MDR - DAC 6

Universal Regtech Solution’s DAC 6 reporting tool ensures compliance with the revised Directive 2011/16/EU, known as DAC6 or Mandatory Disclosure Rules (MDR) Directive. This SaaS-based solution facilitates structured assessment and identification of reportable cross-border arrangements, incorporating country-specific hallmarks and a robust governance framework. With automated report generation and submission capabilities, it mitigates the financial and reputational risks of non-compliance with EU Directive 2018/822 on Administrative Co-operation.

CCR (Central Credit Register – Ireland)

An agile solution enabling financial institutions to transmit detailed lending data to the national credit registry for Central Bank of Ireland

DTAX

HMRC’s Making Tax Digital (MTD) initiative mandates digital VAT processes. Universal Regtech Solution’s DTAX, an HMRC-approved software, ensures compliance. Seamlessly integrating with third-party accounting solutions, it facilitates secure API-based VAT record submission. Designed to scale, it meets the needs of businesses of all sizes, aligning with the UK government’s digital tax system modernization vision.

Critical Benefits of AML & Compliance

01

Regulatory compliance processes automating- Powered by artificial intelligence and machine learning to automate the process of compliance like KYC, AML, transaction monitoring, and audits. This implies that less time and energy will be used in doing manual reviews for compliance.

02

Unified Views of Regulation- Systems are designed to provide all global regulations into one database to enable clients to understand across different jurisdictions what is required by the regulators.

03

Compliance tracking- Transactions running through can be checked against compliance rules in real time to identify anomalies. Hence, this facilitates active enforcement of compliance.

04

Transaction risk rating- Jurisdictional factors, customer profiles, and attributes are taken into account in assigning risk scores for transactions which allows for customization as opposed to treating every transaction equally.

05

Predictive Analysis- Automated detection of fraud using predictive analytics and Machine Learning..

06

Transparency- Compliance rules and data models can be customized based on specific needs from different areas including business applications across various industries.
1.
Regulatory compliance processes automating- Kiya.ai uses artificial intelligence and machine learning to automate the process of compliance like KYC, AML, transaction monitoring, and audits. This implies that less time and energy will be used in doing manual reviews for compliance.
2.
Unified Views of Regulation- The Kiya.ai systems are designed to provide all global regulations into one database to enable clients to understand across different jurisdictions what is required by the regulators.
3.
Compliance tracking- Transactions running through Kiya.ai can be checked against compliance rules in real time to identify anomalies. Hence, this facilitates active enforcement of compliance.
4.
Transaction risk rating- Jurisdictional factors, customer profiles, and attributes are taken into account in assigning risk scores for transactions which allows for customization as opposed to treating every transaction equally.
5.
Predictive Analysis- Automated detection of fraud using predictive analytics and Machine Learning.
6.
Transparency- Compliance rules and data models can be customized based on specific needs from different areas including business applications across various industries.

Critical Benefits of AML & Compliance

  1. Regulatory compliance processes automating- Kiya.ai uses artificial intelligence and machine learning to automate the process of compliance like KYC, AML, transaction monitoring, and audits. This implies that less time and energy will be used in doing manual reviews for compliance.
  2. Unified Views of Regulation- The Kiya.ai systems are designed to provide all global regulations into one database to enable clients to understand across different jurisdictions what is required by the regulators.
  3. Compliance tracking- Transactions running through Kiya.ai can be checked against compliance rules in real time to identify anomalies. Hence, this facilitates active enforcement of compliance.
  4. Transaction risk rating- Jurisdictional factors, customer profiles, and attributes are taken into account in assigning risk scores for transactions which allows for customization as opposed to treating every transaction equally.
  5. Predictive Analysis- Automated detection of fraud using predictive analytics and Machine Learning.
  6. Transparency- Compliance rules and data models can be customized based on specific needs from different areas including business applications across various industries.

Intelligent AML Solutions to Stay Ahead of Financial Crime

Kiya.ai’s intelligent anti-money laundering solutions utilize artificial intelligence and machine learning to detect real-time suspicious activity. We provide customized models to banks and financial institutions to help mitigate risks and stop financial crime in its tracks.

Managing Financial Crime Risk with AI-powered AML Technology

Reduce compliance costs and manual reviews with our AI-powered anti-money laundering solutions. Using advanced analytics on transactions, we detect risky behavior and generate prioritized alerts for faster investigations. Achieve higher accuracy while decreasing false positives.

Transforming AML Compliance Through Innovation

Kiya.ai’s intelligent anti-money laundering solutions utilize artificial intelligence and machine learning to detect real-time suspicious activity. We provide customized models to banks and financial institutions to help mitigate risks and stop financial crime in its tracks.

Intelligent AML Solutions to Stay Ahead of Financial Crime

Our intelligent anti-money laundering solutions utilize artificial intelligence and machine learning to detect real-time suspicious activity. We provide customized models to banks and financial institutions to help mitigate risks and stop financial crime in its tracks.

Managing Financial Crime Risk with AI-powered AML Technology

Reduce compliance costs and manual reviews with our AI-powered anti-money laundering solutions. Using advanced analytics on transactions, we detect risky behavior and generate prioritized alerts for faster investigations. Achieve higher accuracy while decreasing false positives.

Transforming AML Compliance Through Innovation

We provide intelligent anti-money laundering solution that utilizes artificial intelligence and machine learning to detect real-time suspicious activity. We provide customized models to banks and financial institutions to help mitigate risks and stop financial crime in its tracks.

Frequently Asked Questions

Main challenges include managing growing volumes of transactions and customer data, tracking complex transaction patterns, screening customers and transactions against watchlists, and filing suspicious activity reports (SARs). Many institutions still rely on legacy systems and manual processes.
AI and machine learning can analyze far larger volumes of data to detect suspicious behavior and transactions more accurately and efficiently. This reduces false positives and saves time spent on manual reviews. Additionally, machine learning models can continuously improve as they ingest more data.

Yes, we provide AI-enabled AML solutions customized for clients’ needs and data profiles. Our transaction monitoring, name screening, transaction screening, and other AML solutions apply cutting-edge techniques. We help clients automate compliance and scale analysis and strengthen risk management protections.

Our compliance experts continually track regulatory changes and updates globally. We work with regulators and incorporate new rules into our models and workflows. Customers get support to adapt to new regulations.
Increased operational efficiency, reduced costs, improved accuracy in detecting suspicious patterns, and compliance with complex regulations. Institutions also benefit from AI experts and flexible, customizable solutions.