Exiger
Case Studies
Revamping Transaction Monitoring for a Top 10 US Regional Bank
Overview
Revamping Transaction Monitoring for a Top 10 US Regional BankExiger |
Finance & Insurance | |
Quality Assurance | |
Behavior & Emotion Tracking Leakage & Flood Monitoring | |
Testing & Certification | |
Operational Impact
The engagement with Exiger resulted in significant operational improvements for the bank. The review of the transaction monitoring alerts led to a substantial increase in the SAR filing rate, indicating a more effective detection of suspicious activities. The subsequent regulatory review resulted in no adverse filings, demonstrating the effectiveness and compliance of the new transaction monitoring framework. Moreover, the bank was able to avoid the time and resources that would have been required to repeat the review process. The bank's confidence in their transaction monitoring system was restored, and they were able to continue their operations with the assurance of a robust and compliant framework in place. | |
Quantitative Benefit
Exiger's review resulted in a 5.5% SAR filing rate. | |
The subsequent regulatory review of this population resulted in no adverse filings. | |
The bank was able to save time by not having to repeat the review process. | |