Industries
Financial Crime Investigations and Anti Money Laundering software for Banking
Videris transforms the efficiency and effectiveness of AFC and AML investigations by helping investigators to collect from and understand the widest range of relevant information.
AFC investigations require access to the maximum relevant data, and the technology to quickly make sense of it. Commercial databases and internal information are critical - but, without access to the live internet, investigations are hugely constrained.
Overcoming AFC and AML investigation challenges
The cost of AML errors is growing. Failure to prevent money laundering can lead to huge fines, as well as reputational costs. At the same time, deadlines for reporting suspicious activity are getting shorter.
AML Compliance isn’t enough. As techniques for money laundering evolve, database cross-checks aren’t enough to stop it. Analysts need a real understanding of their subject and the context of their investigation.
Open source information is expanding. The amount of information in publicly available sources is constantly growing and can help you to develop a full understanding of an individual. Failing to use this public information is hard to defend to regulators.
Examples of poor practice: “Relying exclusively on commercially-available PEP databases and failure to make use of available open source information on a risk-based approach”
Financial Conduct Authority
FCA Handbook, FCTR 12.3.4
Why Videris for AFC and AML Investigations?
Speed
Automate slow manual tasks, enabling the analyst to do more, much faster -radically increasing productivity and reducing costs.
Accuracy
Helps to identify and analyse relevant content, enabling active identification of risk - not just box-ticking.
Security
Analysts can control their online footprint, remain secure and be untraceable throughout investigations.
Transparency
Complete sourcing, logging, auditability and standardised reporting mean that decisions can be easily explained.
Your expert partner in the use of open source data
Blackdot delivers industry-leading anti money laundering software and an expert perspective on how to integrate open source information into your investigative workflow. We work with investigations teams to deploy Videris and achieve tangible improvements in four areas.
Performance
Reduce cyber complexity with single point of access to open source data.
Professionalise investigations with secure, consistent, transparent process and tools.
Enable business by resolving cases more accurately and in much quicker time.
Productivity
Increase efficiency, productivity and effectiveness of AML, AFC, Fraud & Compliance teams by working five times faster.
Work seamlessly across languages, data sets and geo boundaries.
Transformation
Business process transformation across AFC.
Enhance existing regulatory AML compliance / anticipate future.
Increase effectiveness in the fight against financial crime.
Innovation
Efficiency and productivity gains drive fast time to value.
Analysts focus more on risk management, less on administrative tasks.
Scale and adapt to the modern threat of financial crime.
How is Videris unique?
- The investigator can collect, analyse and report on diverse data sources, including the internet, commercial databases and internal data, all in one place – delivering a single investigative view and increasing efficiency and accuracy.
- Live internet data can be combined with structured third party and internal data for maximum insight
- Speeds up time-consuming manual processes, enabling the investigator to focus on higher-value activities.
- Supports human decision-making.
“Previously our team spent 70% of its time searching for data, and only 30% understanding it. With Videris, those numbers have been reversed”
Compliance Officer
Major European Bank
- Improve outcomes
- Maximise efficiency
- Avoid redundancy of effort
- Keep all data in one place
- Integrate with internal and
third-party systems
Book a Demo
Want to see Videris in action?
See the full range of features Videris has to offer. Enable your team to collect, analyse and visualise open source data faster and more accurately with all your investigation tools in one platform.
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