NetEconomy's Financial Crime Suite™

The NetEconomy's Financial Crime Suite is a fully integrated software solution designed to improve how banks, insurance and securities firms prevent, detect and manage financial crime.

The NetEconomy's Financial Crime Suite monitors customer activity and financial transactions such as cash and check deposits, wire transfers, and insider trades, and alerts its users to the appearance of suspicious activity. Once alerts have been generated, a step-by-step workflow with built-in case management drives users through investigation, case tracking and reporting within one fully-integrated environment.

NetEconomy's Financial Crime Suite – Key Components

The NetEconomy Financial Crime Suite includes four fully-integrated products covering money laundering, market abuse, external fraud and employee fraud. For all these products, using is broken up into four distinct steps:

1. Alert – NetEconomy monitors all transaction data, delivering accurate, prioritized alerts directly to your desktop
2. Investigate – NetEconomy offers a user-friendly, data-rich environment that speeds investigation with its built-in visualization capabilities and advanced tools for link and network analysis.
3. Track – NetEconomy provides a built-in case management system that organizes, prioritizes and manages cases, storing all information and evidence related to a case including photos and documents into a digital file folder system
4. Report – NetEconomy automatically generates regulatory reports such as SARs and CTRs, as well as internal management reports.

The NetEconomy's Financial Crime Suite – Key Capabilities

The NetEconomy's Financial Crime Suite provides a real–time proactive detection and management environment that includes:

• Suspicious Activity Monitoring with SAM. Combines multiple approaches including behavioral profiling, peer group analysis and rule systems to prevent and detect a variety of potential crime areas. Alerts are prioritized by risk and are highly accurate and reliable. This significantly reducing the numbers of false positives and false negatives that typically appear with a rules–based–only tool;
• Real–time Blocking of Transactions. This capability allows customers to prevent fraud and block illegal activity in real time;
• Watch List Checking and Filtering. The system allows users to check existing and new customers against a variety of supported watch lists in real time. For customers who already have this capability, NetEconomy can be integrated with other third–party vendors;
• Data–Rich Investigative Environment. This allows users to view all transactions, visualize trends and find links and associations to uncover illegal activity;
• Case Management System. Integrated within the NetEconomy's Financial Crime Suite to manage, prioritize and automate management of individual cases and collection of evidence within a digital file folder system;
• Automated Reporting. Reduces time–consuming reporting requirements often associated with other systems. In addition, internal or custom management reports are easily and automatically generated;
• Exceptional Performance and Scalability. Helps customers process and manage very large transaction volume quickly and efficiently. The NetEconomy's Financial Crime Suite can support customers with as few as 5,000 accounts, to global implementations with multiple sites and servers monitoring many millions of transactions per day;
• Reduced Total Cost of Ownership. Regardless of implementation size, lowered TCO is achieved by leveraging existing Microsoft systems already deployed in–house. The NetEconomy's Financial Crime Suite operates on Microsoft Windows 2000 and 2003 Servers using Microsoft’s SQL Server 2000 and Microsoft Message Queuing (MSMQ) as enterprise–wide storage and messaging platforms. The Microsoft environment provides stability and flexibility while significantly reducing installation and integration time.