SMARAGD FPD IT-based system for the - cellent finance solutions AG

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ANTI-FINANCE-CRIME SUITE by Cellent Finance Solutions AG SMARA CRS Risk management based on a IT-driven Risk analysis Corporate wide risk assessment Risk oriented procedure for the definition of measures CRS documents the group-wide risk analysis, by recording, categorizing and evaluating all threats of fraud, such as money laundering, terrorist financing, corruption and economic crime. Analyses support the implementation of countermeasures, and the action corresponding to the threat is also recorded in CRS. Risk structuring Core of risk analysis is the structuring of all types of risk present in the Institute, such as customer and product risks, and risks allocated to different industries, geographies, processes and transactions. The risk assessment is performed with the help of predefined centralized indicators. Through this an individual, but yet uniform, objective and justified risk assessment can be obtained for the respective institution. This procedure fulfills the legislative audit requirements and the requirements of audit firms regarding transparency and traceability. Risk assessment of the current customer and product base A substantial benefit of CRS is the correlation of assessed potential risks with the actual customer base and the marketed products. This results in various evaluation and analysis capabilities, that can extend from the economically independent unit, to business areas, and all the way up to the corporate level. Temporal trends are also transparent. 10 All risk areas are allocated to measures, whose quality is derived from the respective degree of risk. The complete documentation of the currently utilized or planned measures in CRS for the second part of the risk analysis. Risk-based approach through frequency distribution This innovative function of SMARAGD CRS determines a frequency distribution of the industry branch risk in an economically independent unit. In a graphical representation of the degree and frequency of the risk, the risk distribution is made transparent (heat maps). Through this, the institution can immediately notice the main areas of risk. In addition to individual evaluation of risk dimensions, the distribution of the total customer risk as the aggregation of all customer risk dimensions is of greatest interest, and is also displayed by the system. A further evaluation function is the combination of product risks with the customer risks that arise through the product usage by each individual customer. Summary of the relevant functions: ■ Objective determination of the risk situation within the company ■ Separated display according to money laundering, terrorism financing and fraud ■ Risk model is preconfigured and flexibly adaptable ■ Freely definable risk dimensions ■ Multiple evaluation options for the customer and product risks ■ Preparation of the number-data as the basis for a threat analysis ■ Assessments of new customers (CDD/KYC)
GD CRS Innovations SMARAGD CRS was designed in cooperation with leading audit firms and numerous major German banks. ■ Risk Based Approach ► In addition to documentation of the risk situation of the financial institution, the impact of each risk combination based on the transactions will be actively identified. ■ Customer Due Diligence ► dynamic risk classification of a customer, structured according to the customer type, for example private customer, business customer, correspondence bank etc. This module can be used both for the continuous risk assessment as well as for the risk classification during the customer acceptance process. ANTI-FINANCE-CRIME SUITE by Cellent Finance Solutions AG What does CRS perform? ■ Description of all customer, product and other risks ■ Differentiation between money laundering, terrorism financing and fraud ■ Corporate unified evaluation of all risks ■ Separation of potential risks and actual risks ■ Risk analyses and evaluations on all organizational levels ■ Documentation and controlling of countermeasures ■ Implementation of the indicator model in SMARAGD MDS. 11
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SMARAGD FPD IT-based system for the - cellent finance solutions AG

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