Techlogix - IT Services | Consulting | Business Solutions

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Compliance

Techlogix offers implementation services for Oracle’s Financial Crimes and Compliance Management (FCCM) and LexisNexis Compliance Link and Firco Continuity. We help Financial Institutions get a 360-degree view of customer profiles and to monitor transactions in real-time to detect and investigate potential non-compliant behavior.

Challenges

Financial institutions are reacting to rapidly changing regulatory and compliance requirements with an increasing focus on trade and money laundering compliance and fraud prevention. A holistic approach enterprise level view of compliance is needed. We assist banks in addressing regulatory mandates and assist them in defining policies and processes that improve compliance and its governance.

Our Compliance Offerings

Oracle FCCM Solutions:

  • Anti-Money Laundering (AML)
  • Know Your Customer (KYC)
  • Fraud Management
  • Trade Based Money Laundering
  • Regulatory Reporting including the creation of actionable reporting dashboards

LexisNexis Solutions:

  • Enterprise-wide screening of customers against Global Sanctions Lists
  • Adhoc Screening of customers and transactions in real-time
  • Trade Based Screening including Vessel Tracking
  • Real-time SWIFT transaction filtering using Firco Contuity

Success Stories

Implementation of FCCM at Gulf International Bank, Bahrain

Gulf International Bank (GIB) operates in Saudi Arabia and Bahrain and has a corporate presence in UK and UAE. The Bank wanted to implement a comprehensive solution to address AML, KYC and local regulatory guidelines in each of its four jurisdictions. The Bank acquired the Oracle FCCM platform and engaged Techlogix for a multi-jurisdiction implementation covering 16 AML scenarios.

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Rollout of Accuity Compliance Link at Meezan Bank

Meezan Bank Pakistan is the largest Islamic Bank in Pakistan and selected Accuity Compliance Link to comply with Customer and Transaction screening requirements. Techlogix, the exclusive partner of Accuity in the region, implemented the entire set of Compliance Link modules which enabled Meezan Bank to not only perform comprehensive screening against lists like OFAC, EU, PEP and private lists but also enabled them to perform transaction filtering especially pertaining to transactions related to Trade Finance.