Reduce risk and prevent financial crime with riskCanvas™

riskCanvas is Genpact's proprietary software suite for financial crime risk management. It provides a single view of the customer, empowering you to run an effective and efficient financial crime risk management program. A data-driven technology, riskCanvas has dedicated modules for screening, transaction monitoring, risk scoring, and case management. These modules work together to provide a comprehensive end-to-end solution that helps you manage financial crime risks.

Designed by a consortium of industry practitioners, regulatory experts, and technologists, and built on advanced digital technologies, riskCanvas is a cutting-edge and built-for-purpose solution. It embeds automation, efficiency, and intuitive intelligence into your financial crimes management operations.

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Reduce the model validation process from months to minutes with riskCanvas Transaction Monitoring, which takes a user-driven approach to scenario design, testing, and tuning. Build scenarios using all available data, add complex logic, and simulate performance within the user interface (UI). This module helps your program adapt quickly to changing customer behavior, while allowing analysts more time to conduct effective investigations.

Key benefits

• Design and customize scenarios within the UI that look for transaction patterns over time using averages, counts, and sums
• Run scenarios for transactions within a single customer account or across multiple accounts
• Track scenario efficacy over time to understand alert escalation rates based on which alerts advance to cases and suspicious activity reports (SARs)
• Reduce overall handling times with dedicated workflows and automated reviews across different scenario types
• Gain insight into customer data from alert reviews all the way through SAR filing, and reduce the time spent digging for and manually entering data
• Enjoy automated SAR filing, including investigation closure, data transmission, and follow-up scheduling

A better customer risk scoring model starts with data. riskDNA™ harnesses and seamlessly consolidates data into a single platform to detect and score customer risk across five dimensions and hundreds of indicators – all while giving business users the power to drive scoring and model changes in the UI. Enhanced detection and greater control allow institutions to better identify and manage high-risk clients.

Key benefits

• Get a true, single view of the customer, with all relevant risk indicators and data consolidated on one screen
• Manage risk models and adjust thresholds, scores, lookbacks, and more directly in the UI
• Automatically score new customers and schedule refreshes across the customer population
• Automate high-risk customer alerts and schedule periodic reviews based on risk level
• Manually override risk levels through managed workflows
• Effectively oversee programs with real-time analytics accessible through riskCanvas' reporting and visualization suite