top of page

Financial Crime Risk Reduction

FCRR uses A.I.-driven Process Automation Solutions to streamline and optimise compliance processes and underlying operations across several vertical domains for FSIs. We deploy these solutions as managed services, to help our clients to define, implement and manage the controls and achieve regulatory compliance. We help our clients to make their compliance operations more effective and efficient. 

AML Ops modules

The Co-Pilot for your AM Operations

1 / Optimising Transaction Monitoring, Name Screening, Payments Sanctions Screening, Customer Risk Rating 

Using Machine Learning models, deployable out of the box and pre-trained on more than 20 different data sets, platform- independent and pluggable into your existing detection tools and case investigations systems. 

2 / End to end productised, fully white box X.AI, MLops embedded

Automated explainability with full audit trail, embeddable in case investigation ; full lifecycle model management ; aligned with Wolfsberg AI guidance.

3 / API-based micro-services platform

​A full array of NLP, M.L. and A.I. tools and services, securely hosted in the cloud and easily callable via API’s 

4 / Supported by world class advisory services

Top AML practitioners with banking, consulting and technology experience combine the micro-services to accelerate and optimise periodic reviews, remediations, Above the Line and Below the Line tuning, AML risk and coverage assessment, rules optimisation and independent reviews. Enhancing, augmenting, co-developing, and integrating with existing teams and systems. 

A peep into what the tool can do...

pexels-pixabay-50711.jpg
"Financial Crimes make banking unnecessarily hard for the good guys. Let us help prevent the bad guys and you can focus on making banking better for all."

Filip Verbeke, Founder & Head of FCRR

Financial Crime Risk Reduction (FCRR)

Streamline your compliance operations

Manage your AML and sanctions operations more effectively and efficiently, without replacing your core systems
FCRR - AnomalyDetection.png
FCRR - 1.png

Over 50% reduction in false positives for your sanctions screening and transaction monitoring

Superior accuracy through advanced fuzzy-matching technology

Our proprietary algorithms ensure accurate and effective matching, significantly reducing false positives

Leverage 150+ data points from each single transaction for enhanced screening

Improve on legacy systems limited to 3 data points with unprecedented nuanced detail per transaction

Save hours of investigation by focusing on relevant alert features

With explainable AI, FCRR helps investigators to quickly identify where to focus, enabling more efficient use of resources

Pick from a suite of models based on your institution's priorities

Uncover latent money laundering risk with AI-driven anomaly detection

Upgrade your rules-based TM system with score-based anomaly detection and report-ready natural language explanations

Reduce false positives by >50% with predictive outcome analysis for your sanctions and customer name screening

Our supervised machine learning models act as a double layer filter to your transaction monitoring to significantly reduce alert volume

Structure free text and achieve contextual understanding for better-targeted screening

Use named entity recognition models or LLMs for entity type-specific screening against current lists

FCRR - 2.png
FCRR - 3.png

Meet regulatory expectations with a proven model monitoring and management framework

Continuous and proactive model monitoring and updates guarantee regulatory compliance

Constant model monitoring to help your institution stay proactive in addressing ever-changing AML risks with model re-training

Open the black box of AI with full explainability

Every alert is assigned a fully explained prediction score to expedite and justify any action taken by the system or user

Fully aligned with AML regulations and new AI compliance frameworks

Peace of mind for your compliance and tech teams, with models abiding by all major regulatory frameworks

What people say about FCRR

When I discovered Complidata's FCRR, it felt like connecting two electric cables and seeing the power flow. It was a breakthrough that ignited my enthusiasm. We’re making a significant impact, and for that, I’m grateful.

Alan Morley

Head of Anti-Financial Crimes and BSA at  Huron Consulting

gtr sg1_edited.jpg

See us in action

Like what you saw? Find out more about what we can do for you, and start your journey to better trade finance and compliance today!
bottom of page