Based on recent developments in the AML
space, financial institutions (FI’s) are required
to monitor, mitigate against and report on
money laundering risks identified. This
requires the implementation of a
comprehensive risk-based AML solution
covering:
1. Name screening
2. Customer risk ranking
3. Transaction monitoring
4. Case management
5. Reporting
The payments ecosystem is
changing. New competitors,
payment types, channels and
devices are continually disrupting
the market — and immediate
payments is no different.
As the market evolves, the
Universal Payments approach to
real time, any-to-any payments
ensures your organization is always
ready to successfully seize the next
new market-changing payments
opportunity.
With the emergence of new services coupled with
products that engaged customers from queuing in
banking halls, greater risks have emerged in cyber space. Financial institutions annually lose 20$ billion. The fraud detection module has been built in
place to minimize cyber threats. At its very
core, it relies on linking requests together with
their corresponding entities. Requests can
include payment transactions, logins, or new
account openings while entities represent a
person’s digital identity (e.g., IP address or
Smart ID)
Enterprise Risk Management Is an ongoing process applied in strategy setting to identify potential events that, if they occur, will affect the entity and provides reasonable assurance regarding the achievement of business objectives.
It is not what we know that matters; it is what we don’t know that makes the difference.
A strategic perspective applied to operational risks suggests the need for an end-to-end extended enterprise view of the value chain, requiring consideration of upstream and downstream relationships
we are happy that FIs in Africa stand to have an easy to use interface, tailored to the needs of
the organization affordably.
Level3 Suite A15
Equatorial Mall,
P.O Box 14232
Mengo Kampala Uganda,
House 32, Acacia Court,
Mountainview Estate, Waiyaki Way
P.O. Box 7964 - 00100 GPO
Nairobi, Kenya
inquiries@kalymagroupofcompanies.com
Uganda
Mobile: +256783367629
Kenya
Mobile: +254742462851
Mobile: +254724419585
kalymagroupofcompanies.com