Product Profile

MoneyRouter

Route Trading Ltd

First Release Date: 31.05.2016

Current Version: Version 5.0, Released 01 Sept 2016

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Language Support:

United KingdomUnited States

Technology Category: Security & Compliance Anti-money laundering (AML) Compliance/Monitoring Transaction Banking Payments Money Transfers

Product/Service Description

MoneyRouter is an AML on-boarding and transaction monitoring system designed specifically for banks to use in monitoring money transfers. It integrates both a money transfer and risk assessment and scoring system with a bank’s core banking application to give the banks full end-to-end view of the money transfer process and allowing it to set AML rules which money transfer transactions and businesses have to meet before they can be processed for payment abroad.

Customer Overview

Total Number of customers undisclosed

Customer Size Large Enterprise , Medium

Customer Type Commercial Banks

Target Market Global

Specific georgaphical coverage undisclosed

Pricing Model Licensing fees plus per transaction costs

Demo & Case Study Urls http://uat5mrbank.azurewebsites.net

Features

Real-time transaction monitoring and Customer On-boarding
Risk scoring and categorization
CDD Case management work flows
Both Money Transfer and AML risk assessment and monitoring capabilities
Implements the risk-based approach

Benefits

Makes money remittances more secure for banks, MSBs and customers
Helps financial institutions protect their brands by preventing money laundering leading to reputational risk
Substantially reduces client on-boarding time and lead to faster client acquisition, whilst still improving the client experience
Reduces manual intervention and the amount of compliance resources required to implement an AML compliance regime.