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

ANTI-FINANCE-CRIME SUITE
by Cellent Finance Solutions AG
SMARA
MDS
Tackling money laundering
and financial fraud
Intelligent IT system for the analysis and defense Top Business Edition
against money laundering in financial institutions
The internationally employed, MDS fulfills the legal
requirements regarding the preventive measures against
money laundering and financial fraud.
Adaption to the institution specific threat situation
Known money laundering and fraud patterns are stored
in the system and can be flexibly adapted to the internal
threat analysis of the institution. The financial institution is
supported by the national and international experience of
Cellent Finance Solutions. Currently there are up to 200
money laundering and fraud typologies stored in
the system.
Money laundering scenarios
Money laundering scenarios, fraud typologies and indicators
can be freely configured within the system. They
are adaptable to new typologies at anytime - without any
program alterations - solely through the configuration.
To perform this, comfortable and easy to use dialogs are
available to the user.
Profiling: dynamic money laundering detection
The detection of money laundering activities is performed
dynamically, based on business profiles. These are
automatically updated on a daily basis. Through this, the
system learns to detect money laundering activities, if the
business behavior changes.
MDS also takes into account the complex network
structures of customer and account relations during the
analysis.
Simulation system
The rule code must be continuously adapted to new
threat situations. The organization can perform this task
very effectively and simply with the simulation system.
All new settings are automatically checked by the system
and projected to the expected results of the productive
system. The optimization steps can be repeated as often
as desired. The user then approves the best setting and
the simulation system automatically conveys the settings
into the productive system.
Changes to the scenario or indicator model are logged
in an audit-proof way and therefore completely fulfill the
requirements of the audit
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The Top Business Edition is multi-organisation capable
and supports these organizational structures of international
financial institutions. Advanced functions such as the
gray zone database, data views and reference profiles
also a components of this addition, next to the simulation
system which includes the random testing and projection
features.
The threshold value generator supports the user in the
optimization and best possible setting of indicators and
threshold values. With SMARAGD MDS you are therefore
able to achieve a high hit rate and keep the „false
positive rate“ to a minimum.
Small Business Edition
The Small Business Edition is designed primarily for
small and medium-sized institutions and for foreign subsidiaries
of international companies. Predefined settings
enable a quick alignment with the institution‘s specific
threat situation and thus allow for a very short commissioning
time.
MDS overview
MDS incorporates all business activities as well as customer
and relationship structures of an institution into the
money laundering analysis process. A special feature of