Sutra Management is excited to announce our participation in the Middle East Banking AI & Analytics Summit event. Come and meet our team to learn more about our analytics-driven offerings in risk management, compliance, credit decisioning, and beyond

Simplify and streamline Customer Due Diligence (CDD) processes using our cutting-edge anti money-laundering software, designed to increase efficiency while reducing risk exposure for businesses. 

According to NASDAQ's Global Financial Crime Report, real-time fraud, money mule activities, and terrorist funding remain significant concerns for anti-financial crime professionals. With the emergence of advanced AI technologies, these challenges are expected to intensify. Now is the opportune moment to adopt intelligent solutions to address such complexities. To learn more about how Effiya can assist with this, please contact us at info@effiya.com or visit our website. #nashdaq #financialcrime #frauds #terrorfunding #business #ai

In the latest FATF update, UAE, #Uganda, #Gibraltar, and Barbados have been removed from the grey list, but #Nigeria and #Kenya have been added, bringing the total to 21 countries under increased monitoring. Increased monitoring implies that countries are committed to promptly addressing strategic deficiencies. Stay informed with FATF updates by following Effiya.

Effiya makes headlines again !! This time proudly partnering with Savington to enhance their AML compliance process using Effiya's AI/ML aided name screening solution to ensure strict adherence to regulatory standards.

A penalty of $7.44 million has been imposed on TD Bank by FINTRAC due to a weak AML framework. Regulatory bodies are taking strict measures against weak or non-compliance, imposing substantial fines. How can Effiya assist in this scenario? Effiya is actively helping institutions in their combat against financial crime, using Ai. Our AI-enabled solution serves as a robust compliance framework yielding highly accurate match results, reducing compliance costs by 30% and minimizing the efforts and time of investigation teams. Book a free demo now visit us at https://effiya.com/request-demo/ or visit us at https://effiya.com/

Utilizing cutting edge technology, we are able to identify potential fraudulent behavior through suspicious patterns and anomalies within transactional data. Now businesses can focus their efforts where they matter most – providing top notch customer experience! Detect early warning signs such as multiple account applications or large deposits followed by quick withdrawals efficiently thanks to this effective solution designed specifically for anti-fraud.

Rooting out financial crime before it happens has never been easier than when taking advantage of the power behind #Efiya's anti money laundering solution. We combine machine learning algorithms alongside extensive rule management systems& natural language processing technologies designed specifically for AI powered fraud detection allowing businesses access unprecedented levels security compliance initiatives fast & cost effectively ensuring maximum protection every step of the way.

Our cutting-edge anti-money laundering solution brings together teams worldwide onto one platform so you are constantly up to date since it allows tailored visualization layouts, case notes tracking capabilities and dynamic reports alongside leveraging sophisticated algorithms thereby improving surveillance detection rates resulting into a more secure business environment financially & legally accountable at all times! For more information book a demo now https://effiya.com/request-demo/ or visit us at https://effiya.com/

With decades worth of combined expertise, #EffiyaTechnologies helps you stay compliant and ensure successful thorough due diligence for customers and their network. It's possible with the unique combination of an interactive GUI interface and AI capabilities that allow for automated sanctions screening procedures & real time transaction monitoring services. Effiya patented algorithms aid companies validate customer profiles correctly at any given moment with efficiency like never seen before! 

Get an unbeatable advantage over suspicious activity through #Effiyatechnologies state-of-the-art monitoring systems equipped with sophisticated algorithms designed for spotting fraudulent patterns within millisecond’s! Keep ahead of threats while also adhering fully to stringent industry standards like AML requirements, thanks to our hassle-free access to the out-of-box lists of suspicious entities. Book a demo now or visit us at https://effiya.com/request-demo/ #effiyatechnologies #amlcompliancesoftware #sanctionsscreening #aipoweredsolution #CDD #transactionsmonitoring #amlsuspiciousactivities #fraudalerts

According to BRS, there were 690,222 private companies registered in Kenya by December 2022, out of which 395 were reported in relation to terrorism financing incidents and a total of 10,733 reported for money laundering. More than half (56.5 percent) of these firms were involved in the construction sector, signaling the rapidly growing sector as a preferred conduit for money launderers. This was followed by real estate (8.07 percent), manufacturing (7.17 percent), money transfer agents (5.83 percent), consultancy (4.48 percent), textiles (4.04 percent) and retailers (3.14 percent). “The responses indicated that private limited companies (98.09 percent) were the highest legal structures associated with money laundering. Further, out of the 98.09 percent cases involving private limited companies 43.51 percent of the cases involved abuse by directors of the company, employees were also involved to a great extent,” said the report. This has placed Kenya under high surveillance in what is known as the ‘grey list’ alongside 21 other countries by the global anti-money laundering watchdog Financial Action Task Force (FATF). According to the FATF, being grey-listed or black-listed means the country is not effectively implementing measures to combat money laundering and terrorist financing according to its standards, including the management of an efficient, up-to-date, and accurate register of beneficial ownership. This could lead to a decline in confidence by global financiers in Kenya’s financial system, which could lead to capital flight as investors, both domestic and international, may withdraw their funds due to concerns about the integrity of the financial system, say analysts. “Based on the findings of this report it is recommended that the country reviews the laws governing the trust regime in Kenya and put in place measures to mitigate or deter their use for money laundering and terrorism financing purposes,” states the report. Effiya's CDD, transaction screening and PEP screening are the perfect choice for money laundering and terrorist financing prevention. Our best-in-class technology helps you to identify suspicious patterns of behavior quickly, so you can prevent money laundering activities before they occur. With inbuilt sanctions checks and easy integration with existing workflow processes, our software simplifies anti money laundering compliance while providing increased security at every stage of your customer onboarding journey. 

Effiya understands the importance of conducting proper customer due diligence when it comes to identifying suspicious activity within your organization. Through our innovative transaction monitoring software, you can proactively manage risks associated with different types, patterns, and volumes. Remain compliant at all times without compromising on operational efficiency. 

Excited to have Effiya Technologies an AI-driven tech company, showcase their innovative financial compliance and analytics solutions at WFIS 2024 - Vietnam! Don't miss them at Melia Hanoi on April 15-16. 

In their recent press release, the RBI shed light on the emergence of unauthorized payment systems. These systems empower businesses to process card payments through specific intermediaries to entities not traditionally accepting such transactions. Such arrangements create additional complexities from AML perspective and create additional investigation workload. This renders traditional compliance processes ineffective and necessitates intelligent monitoring solutions such as Effiya Financial Crime Suite. Effiya's solution efficiently analyzes these lengthy trails, minimizing effort, reducing false positives by 30%, and auto closing zero-risk cases.

Join us today at Rosh Rayhaan by Rotana between 8:00 AM to 2:00 PM KSA to know more about our offerings in analytics driven #advisory that has helped our customers in process efficiency, increased accuracy in decision making, improve profitability and also comply by regulations. With the power of analytics, we have empowered clients in the area of #risk management, #compliance, credit decisioning and many more.... #ksa #regtech2024 #ksaevents

Effiya's CDD, transaction monitoring system and PEP screening module are the perfect choice for fraud prevention. Our best-in-class technology helps you to identify suspicious patterns of behavior quickly, so you can prevent fraudulent activities before they occur. With inbuilt sanctions checks and easy integration with existing workflow processes, our software simplifies anti money laundering compliance while providing increased security at every stage of your customer onboarding journey. Book a free demo now visit us at https://effiya.com/request-demo/ or visit us at https://effiya.com/

With a full suite of solutions, we help organizations mitigate their money laundering risks by enforcing effective policies & procedures supported by continuous monitoring system which allows us rapidly respond within seconds rather than days against identified but previously unknown threats across all channels while making sure regulatory requirements are met satisfactorily. 

Comply with international sanctions regulations using #Effiya's automated sanction screening engine that supports real time checks against thousands of sources including government databases like OFAC Specially Designated Nationals list. With our technology you can be sure that your organization is compliant with all applicable laws & regulations globally at the click of a button! 

With our powerful Sanction Screening tool, you can quickly identify any potentially prohibited transactions before they occur. The real-time search feature allows for fast updates as new information is released to ensure compliance at all times. 

Make sure your operations are completely secure from any type of fraudulent activity or terrorist financing with #Efiiya’s unparalleled suite of anti-money laundering tools covering everything from customer due diligence (CDD) to sanctions screening and automated AML detection processes – all designed for maximum protection while keeping costs low. Book a free demo now visit us at https://effiya.com/request-demo/ or visit us at https://effiya.com/

Do more while worrying less about anti money laundering policies by using capabilities provided by Effiya’s Anti money Laundering Software – this system helps bring together different pieces of information related to individuals and companies associated inside one network. 

#Effiya Technologies is excited to announce our presence at #WFIS 2023 in Jakarta! We're not just attending; we're here to make waves in Indonesia's fintech revolution. Get ready to connect with us as we drive #innovation and foster financial inclusion. Let's create the future of finance together! #wfis #event #fintech #ai #futuretech #indonesia #jakarta #finance #banks