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Product Profile
iMAL Enterprise Islamic Banking & Investment System
First Release Date:
Current Version: iMAL R14.1 in 2018
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Technology Category:
Product/Service Description
iMAL Enterprise Islamic Banking & Investment System is a powerful core banking platform specifically built from the ground up to support Sharia banking operations. It is truly geared to address country and region-specific Islamic banking requirements. It is offered to high-end Islamic banking, investment and financing institutions, based on an advanced open architecture with a robust integration platform.
iMAL is the only 100% Islamic banking solution as certified by AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) in 2008.
All iMAL modules adhere to the Islamic law and are in full compliance with IAS (International Accounting Standards). The system is based on the Sharia guidelines for the purpose of financing related to Murabaha, Mudaraba, Ijara, Istisnaa, Salam, project financing, real estate and others.
Customer Overview
Total Number of customers 136
Customer Size undisclosed
Customer Type undisclosed
Target Market undisclosed
Specific georgaphical coverage Gulf, MENA
Pricing model is based on the modular capability available in iMAL core banking system, whereby each module is priced separately providing a flexible costing structure to fulfill the following goals:
1- iMAL provides a full suite of modules that address different business requirements for the banking industry. These modules have been packaged to focus on the different business areas in a bank.
2- Provide a product-based configuration of the different core modules, whereby a base license is provided for the main module feature, and subsequently the client can select additional products to be added to the base license. This aims to optimize the product offering to the client and provide a cost effective offering.
3- Regarding the deployment in branches, Path Solutions adopts a flexible branch deployment strategy, whereby the option is availed to the Sales team to configure the deployment offering by choosing one of the following scenarios:
a. Combination of number of branches and number of users
b. Adopting the pricing based on the number of branches only
c. Adopting the pricing based on the number of users only
d. Adopting the pricing based on the projected number of customer accounts.
The above options provide the flexibility to select the most suited selling approach depending on the target market and client expectations, and accordingly provide a cost effective offering to the potential clients.
4- In addition to the above approach, an embedded quantity discount brackets is adopted to apply a reduced unit cost for the different selection criteria, which again provides a reasonable pricing for the banks operating a big branch network, or projecting a huge number of customers.
Demo & Case Study Urls https://www.youtube.com/channel/UC2YSBLfq_QFY_2xxd...
Features
- Supports all known Islamic banking instruments
- Web interface, N-Tier Java based, SOA architecture
- With high parameterization capabilities; greater process efficiency, better risk mitigation
- Multi-currency, multi-branch, multi-company enabled accounting backbone
- With strong product definition features
- Fully integrated yet modularized, with Model Bank
- Highly automated and flexible system
- Ensures quick time to market products.
The iMAL core strengths:
iMAL employs multi-tier architecture using the latest JAVA technology with either Oracle or SAP Sybase as core database servers. These powerful and at the same time affordable Relational Database Management Systems (RDBMS) provide sophisticated data protection and high-speed access to information.
The system runs on all the main platforms and operating systems requiring only an up-to-date internet browser at the client side.
iMAL is rich in opportunities for increasing revenue through cross-selling and upselling. It also enables a 360° view which enhances customer service.
It is also cloud ready and deployable on a fully scalable, multi-server n-tier architecture. It includes out-of-the-box, industry best practice processes that further support rapid implementation, team knowledge transfer and sustainable business processes.
The fully integrated front, middle and back office Islamic core banking platform, running 24/7 in real-time -iMAL- combines comprehensive business functionality with an advanced, secure, scalable and modular architecture proven to meet the market toughest challenges of today and tomorrow.
Benefits
- Built-in Islamic operations standard compliant workflows and system controls
- Various delivery channels
- Faster time to market
- Exact fit to business requirements
- Phased migration and implementation approach
- Running businesses in real-time mode
- Higher operational efficiency:
- Single integrated platform for all banking activities
- Flexibility to meet change and growth requirements
- Cost reduction by implementing STP
- Optimized business performance
- Superior customer service
- Efficient speed of service
- Precision of documentary cycle
- Electronic reconciliation (quick notices)
- Prompt dispute resolution: Legal, collection, valuation, procedures, etc.
iMAL enables Islamic financial institutions to carry out essential tasks across retail, corporate and investment banking including core banking, transaction banking, online and mobile, payments & financial messaging, trade services and cash management. These applications help Islamic financial institutions to meet business needs in areas like streamlining operations, introducing new products, improving efficiencies and customer service, and ultimately increasing revenues while reducing risk.
iMAL provides platform independence, real-time interfaces, extreme usability, full scalability, high-performance, excellent productivity for configuration and deployment, and modular components.
With iMAL, Islamic financial institutions are empowered to achieve:
iMAL is based upon customers’ serviceability. One of these backbones is the production of multilingual statements to customers of the Islamic financial institutions. This is done with minimal data entry at the outset of the system’s parameterization, whilst the production of the various statements, advices, is done automatically by the system without manual intervention by the end-user.
iMAL, which is in compliance with Basel II/III & AML, enables Islamic financial institutions to contain the risk element before they get exposed to a higher degree of risk through effective risk management built into every single transaction that is undertaken in the system.
In addition, iMAL helps Islamic financial institutions implement a flexible, cost-efficient infrastructure with instant access to accurate, up-to-the minute financial updating in order to make informed operational and strategic decisions at a moment’s notice. This comprehensive approach produces a higher Return On Investment to our clients.
Platform & Workflow
Server OS undisclosed
Workstation OS undisclosed
Programming Language and API Java, Web, HTML5, JSP, REST/SOAP, SOA, Oracle, Sybase. Microsoft Studio for Business Intelligence (BI).
SetUp and Installation Options Flexible installation, centralized JEE deployment for web modules.
Deployment Period Path Solutions is able to bring new clients live in record time from three to six months, while banks migrating their existing systems can be converted in a period of eight to nine months.
Reporting Capabilities Flexibility in Reporting: Our product is based on Jasper Reports for web modules that provide variety of reports formats (HTML, PDF, WORD, EXCEL, TEXT, etc.). Reports are independent from iMAL modules and can be imported to iMAL easily via iMAL*Reporting
Security Options HTTPS communication, database security features, application server security features, specific communication protocols, high availability features.
The product/service compliant with the following regulatory standards undisclosed
Connectivity, Hosting and Intergration
Hosting Option undisclosed
Hosting provider Path Solutions
Devices Supported undisclosed
Compatibility with Database Management System (DBMS) SAP ASE, Oracle database.
Third party integration It depends on the client needs.
Support Services
Support Option undisclosed
Branches
Support Location 1
Country Kuwait
Address United Arab Shipping Company Bldg, Block 6, Bldg 3, 1st Floor, Airport St., Shuwaikh, P.O.Box 592, Safat 13006
Phone +965 22286760
Email info@path-solutions.com
Website http://www.path-solutions.com/
Support Location 2
Country Lebanon
Address Mkalles Highway, Mkalles 2001 Bldg, 3rd Floor, P.O.Box 15-5195 Beirut
Phone +961 1 697444
Email info@path-solutions.com
Website http://www.path-solutions.com/
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Fiorano ESB
First Release Date:
Current Version: Current version Fiorano® 11 released in 2017
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Product/Service Description
An ESB acts as a high speed expressway for data flow in an enterprise, enabling seamless communication among mutually interacting software applications. Fiorano ESB obviates point-to-point integration efforts and integrates heterogeneous applications, databases, cloud and other systems streamlining the complex architecture of an enterprise.
Customer Overview
Total Number of customers 500+
Customer Size undisclosed
Customer Type undisclosed
Target Market undisclosed
Specific georgaphical coverage undisclosed
Perpetual and Subscription based licensing
Demo & Case Study Urls http://www.fiorano.com/request/demo.php
Features
- Fiorano ESB provides codeless integration between the bank's core banking system with all the channel applications. The configuration based tools enable citizen integrators to use the drag and drop interface to create integration flows without and coding
- Detailed technical product features can be found on this link: http://www.fiorano.com/products/esb-enterprise-service-bus/key-features.php
Benefits
- Secured and reliable communications Fiorano ESB is backed by an underlying standards-based messaging backbone providing scalable, enterprise class messaging with assured message delivery.
- Future proof solution Fiorano ESB's unique architecture allows parallel message flows between nodes, enabling natural and seamless integration of new applications/systems across the enterprise. This unbounded scalability makes your IT infrastructure a las
- Enhanced enterprise-wide visibility and administration Easily monitor all your information flows, manage all security authorizations and event-handling through a centralized ESB Administration Console.
- Reduced development costs Apart from obviating point-to-point integration, Fiorano pre-built adapters and Microservices allows over 80% of all integrations to be implemented out-of-the-box, with no additional programming, saving enterprises significant ti
Platform & Workflow
Server OS undisclosed
Workstation OS undisclosed
Programming Language and API Drag - drop configurable -Zero coding required. However one can develop resuable micro services in Java, C, C++ and C#
SetUp and Installation Options Wizard driven
Deployment Period Lesser period required. Time taken will be depend on the requirement.
Reporting Capabilities The Fiorano Dashboard provides a web-based monitoring tool for the Fiorano ESB Network. It additionally provides support for launching, stopping and restarting an application using a web interface, while also enabling administrators to monitor a wide rang
Security Options Fiorano ESB platform provides user level security (ACL) , message level security , transport level security and information level security . WS security standards are also supported.
The product/service compliant with the following regulatory standards undisclosed
Connectivity, Hosting and Intergration
Hosting Option undisclosed
Hosting provider undisclosed
Devices Supported undisclosed
Compatibility with Database Management System (DBMS) Any JDBC compliant RDBMS Database can be integrated using Fiorano DB adaptors. Fiorano ESB platform also provides a framework to develop custom component in four languages - Java, C , C++ and C#. The framework will provide the skeleton code and once need
Third party integration Fiorano ESB provides standard custom microservices that can integrate with 3rd party via standards like REST API / web service / MQ / JMS / etc.
Support Services
Support Option undisclosed
Branches
Support Location 1
Country USA
Address 230 S. California Avenue, Suite 103 Palo Alto, CA 94306
Phone +1-650-326-1136
Email sales@fiorano.com
Website http://www.fiorano.com/
Support Location 2
Country India
Address 1, UGF, Inventor, ITPL, Whitefield Road, Bangalore
Phone +91 80 4017 0000
Email support@fiorano.com
Website http://www.fiorano.com/
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Product/Service Description
Real-time, instant or immediate payments describes the capability to transfer funds between two parties making funds available to the payee almost instantly, with instant confirmation. Typical processing models consist of a hub-and-spoke model such as ISO 20022 to connect financial institutions or corporations to one another through a central infrastructure (CI).
- Banks improve retention and open up new value added revenue streams
- Fintechs can use ACI’s 3rd party platform - New Access Model - to access Immediate Payments and offer services that were previously restricted to banks alone
- Consumers get faster, reliable transfers and instant, accurate account balances
- Merchants increase profits by getting paid sooner and eliminating interchange fees
Business customers can take advantage of better payment terms and improve their working capital
Customer Overview
Total Number of customers 14
Customer Size undisclosed
Customer Type undisclosed
Target Market undisclosed
Specific georgaphical coverage undisclosed
Licensed software for installed, subscription for Cloud
Demo & Case Study Urls Please contact ACI for demonstration
Features
- •Payments management •Channel integration •Orchestration •CSM connectivity and compliance •Security and fraud checking •Exceptions handling •Liquidity management •FX payments •Flexible handling and special products management •Business intellige
Benefits
- •Deliver profitable services •Protect your investment by enabling real-time payments •Accelerate your time to market
Platform & Workflow
Server OS undisclosed
Workstation OS undisclosed
Programming Language and API JAVA
SetUp and Installation Options Configurable to customer needs
Deployment Period Depends on project requirements
Reporting Capabilities Reports data to SQL database for reporting by customer preferred report writer, or using pre-built reports as part of the Business Intelligence pack available.
Security Options Specific to customer needs
The product/service compliant with the following regulatory standards undisclosed
Connectivity, Hosting and Intergration
Hosting Option undisclosed
Hosting provider ACI Worldwide
Devices Supported undisclosed
Compatibility with Database Management System (DBMS) Yes
Third party integration No required
Support Services
Support Option undisclosed
Branches
Support Location 1
Country UK
Address 55-57 Clarendon Road Watford, Herts WD17 1FQ, UK
Phone +44-1923-816393
Email contact@aciworldwide.com
Website undisclosed
Support Location 2
Country US
Address Suite 300, 3520 Kraft Road, Naples, FL, 34105
Phone +1-402-390-7600
Email contact@aciworldwide.com
Website www.aciworldwide.com
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Product/Service Description
We are a fast-growing company that makes commercial cross border payments easy and at a low cost, targeting small to medium size payments, typically ranging between $1,000-$250,000 per transaction. You can use Covercy to make your next international bank transfer without using the slow and expensive SWIFT network, and avoid the overcharged currency conversion charges of your bank.
Customer Overview
Total Number of customers undisclosed
Customer Size undisclosed
Customer Type Importers, exporters, micro small and medium businesses, businesses with offices abroad
Target Market undisclosed
Specific georgaphical coverage undisclosed
undisclosed
Demo & Case Study Urls
Features
- Fast, easy and secure international bank transfers for SMB’s, making sure you save both money and time for your business
Benefits
- Cross border payments within 24 hours from the moment we receive the money in our account
- Better exchange rates
- User dashboard to track outbound and inbound money transfers
- 3rd party lending option for importers
Platform & Workflow
Server OS undisclosed
Workstation OS undisclosed
Programming Language and API undisclosed
SetUp and Installation Options undisclosed
Deployment Period undisclosed
Reporting Capabilities
Security Options undisclosed
The product/service compliant with the following regulatory standards undisclosed
Connectivity, Hosting and Intergration
Hosting Option undisclosed
Hosting provider undisclosed
Devices Supported undisclosed
Compatibility with Database Management System (DBMS) undisclosed
Third party integration undisclosed
Support Services
Support Option undisclosed
Branches
Support Location 1
Country United Kingdom
Address 2nd Floor 42 Newman St London, W1T 1QD
Phone +44-203-8567-888
Email support@covercy.com
Website https://www.covercy.com
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Product/Service Description
Bpm’online is a global provider of award-winning CRM software that streamlines customer-facing processes and improves operational efficiency. Bpm'online financial services is a powerful CRM designed for corporate and retail banks and financial institutions to manage a complete customer journey and enhance customer experience. The users of bpm’online financial services highly value its process-driven CRM functionality, out-of-the box best practice processes and agility to change processes on the fly. Bpm’online financial services offers products that are seamlessly integrated on one platform connecting the dots between banks’ business areas: retail banking and front-office, corporate banking, marketing.
Customer Overview
Total Number of customers 6500 total, 90 in financial services industry
Customer Size undisclosed
Customer Type undisclosed
Target Market undisclosed
Specific georgaphical coverage undisclosed
Bpm'online has a per-seat pricing model for every deployment model. With cloud deployment an organization is provided with a subscription to bpm'online SaaS product which includes software license, technical support and updates to the new versions.
Demo & Case Study Urls https://www.bpmonline.com/financial-services?activ...
Features
- 360° customer view
- Customer segmentation
- Opportunity management
- Product management; product-segment matrix
- Customer weight ranking
- Account management
- Customer lifecycle management
- Omnichannel communications
- Product catalog with the possibility to configure product and pricing parameters
- Consulting and transaction contact-center with the workplaces for bank tellers, agents, supervisors
- Case management
- Knowledge management
- Contracts and documents
- Loan origination processes: unsecured loans, mortgage, auto loans, and others
- Lending application processing, managing loan applications from agents or partners
- Fraud prevention
- Verification and underwriting
- Loan maintenance
- Monitoring pledged assets
- Managing loan paperwork
Benefits
- Align marketing, sales and service on a single CRM platform for banks' business processes
- Gain the agility to change processes in the CRM faster than ever
Platform & Workflow
Server OS undisclosed
Workstation OS undisclosed
Programming Language and API Bpm'online is developed using Microsoft .Net framework, C# and Java Script. AJAX and HTML5 help create an intuitive user interface and rich internet applications (RIA).
SetUp and Installation Options Cloud and on-premises
Deployment Period Cloud deployment - about 24 hours; customized implementation from 3-9 months (depending on business processes and professional services)
Reporting Capabilities Bpm’online has all the necessary tools to analyze performance, measure KPIs and forecast data: interactive dashboards. Bpm’online offers real-time customizable role-based dashboards with the following capabilities: long-term analysis of business perform
Security Options Security is distributed between application and database levels. At the application level administrator assigns access rights to users and user roles.
The product/service compliant with the following regulatory standards undisclosed
Bpm’online enables companies to align their marketing, sales & service on one platform with interconnected processes, unified UI & a single sign-on. The core of bpm’online platform is the BPM engine, which allows for managing full process cycle: modeling, execution and monitoring. Robust process management capabilities are consistent and integrated across the suite of products.
Connectivity, Hosting and Intergration
Hosting Option undisclosed
Hosting provider Amazon
Devices Supported undisclosed
Compatibility with Database Management System (DBMS) Microsoft SQL Server 2008 R2 Standard Microsoft SQL Server 2012 Standard Microsoft SQL Server 2014 Standard Oracle 11 and up
Third party integration Bpm'online provides open protocols / standards for APIs usage. The system can be integrated with virtually any third-party application using either SOAP or RESTfull web-services, the OData protocol based around REST.
Support Services
Support Option undisclosed
Being totally focused on product development and update, bpm'online’s strategy is to provide implementation and consulting services only to a very limited number of strategic accounts. All other customers receive professional services from certified Consulting & Implementation partners. Customer success management (CSM) is a service that helps bpm’online deliver excellent customer experiences to its users. Leading methodology is based on best practices & measured against well-defined KPIs.
Branches
Support Location 1
Country USA
Address 280 Summer St., 6th Floor, Boston, MA 02210
Phone +1 617 765 7997
Email info@bpmonline.com
Website support.team@bpmonline.com
Support Location 2
Country UK
Address The Old Post House, 91 Heath Road,Weybridge, Surrey
Phone +44 20 3384 0040
Email info@bpmonline.com
Website support.team@bpmonline.com
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Product/Service Description
Cash pooling and treasury management are key focus areas for corporate treasuries, with many corporates looking to their banks to offer these services. Additionally, regulations such as Basel III are changing bank-client relationships, putting more pressure on corporates to more effectively handle their cash positions. However, developing new banking services in-house can be time-consuming and expensive.
For banks interested in advancing their corporate banking services, the Reval INSIDE package integrates cash and liquidity management functionality seamlessly into the bank's platform and web portal. This integration provides a superior experience to corporate clients, a fast and cost-effective way for banks to differentiate themselves, and to win and retain clients.
Customer Overview
Total Number of customers 650
Customer Size undisclosed
Customer Type undisclosed
Target Market undisclosed
Specific georgaphical coverage undisclosed
Usage based term license
Demo & Case Study Urls https://www.reval.com/banks/
Features
- Cash Concentration: Provide your corporate clients with true end-of-day cash concentration. Enable multi-level cash pools across borders, entities and banks with one global, integrated solution
- Notional Pooling: Set up single or multi-level notional pools with cascading interest reallocation at arm's length principle. Provide full offsetting and interest enhancement schemes with optional physical interest settlement
- Investment Sweeping: Automatically repatriate idle cash on corporate accounts to on-balance sheet and off-balance sheet vehicles. Offer your corporate clients compliance reporting and analysis of their trade portfolio as a self-service within bank portal
- Intercompany Loans: As part of the cash concentration process, automatically create and update intercompany loans in real-time. Calculate and book intercompany interest based on your clients' preferences
- Incentive Management: Build incentive campaigns and reward programs to attract corporate deposits. Use a flexible product configurator to overtake competitors with a short time to market
- Cash Positioning: Offer your clients more than just cash management. Extend your value proposition with global cash visibility
- Cash Forecasting: Enable clients to forecast cash flows, using best practice categories. Pre-populate data, for your bank only
- Investments & Debt: Providing corporate clients with an online platform to centrally manage their derivative, debt, investment and trade portfolios
- Risk Management: Provide your clients with a platform to capture exposures and derivatives, including integrated FX and interest rate feeds
Benefits
- Be the primary bank through best practice cash concentration and cash pooling services
- Creating a powerful value proposition with true end-of-day cash concentration
- Share interest benefits with your corporate clients and help them minimize idle cash without building complex inter-company loan structures
- Create additional bank revenue through effective use of corporate cash, while automating investments based on your client's individual preferences
- Attract new deposits through targeted incentive campaigns
- Offer better pricing to corporate clients, depending on the value of their deposits
- Reward customers for keeping funds on operating accounts, adding funds or showing transactional activity
- Flexibly build new products, overtaking competitors with a short time to market
- Extend your value proposition with global cash positioning and corporate cash forecasting
- Partner with corporate clients in their treasury transformation, helping them centralize and automate cash, liquidity and risk management
- Differentiate the bank through a superior banking experience
Platform & Workflow
Server OS undisclosed
Workstation OS undisclosed
Programming Language and API undisclosed
SetUp and Installation Options undisclosed
Deployment Period undisclosed
Reporting Capabilities The self-explanatory, intuitive, and explicit navigation together with superior reporting capabilities (e.g. with interactive charts) make it easy for the CFO and the treasurer to get insight into complex data.
Security Options N/A
The product/service compliant with the following regulatory standards undisclosed
Connectivity, Hosting and Intergration
Hosting Option undisclosed
Hosting provider e.g. AWS
Devices Supported undisclosed
Compatibility with Database Management System (DBMS) Oracle, MS SQL-Server
Third party integration undisclosed
Support Services
Support Option undisclosed
Branches
Support Location 1
Country USA
Address 420 Fifth Ave, 5th Floor, New York, NY, 10018
Phone +1 877 993 3330
Email undisclosed
Website www.reval.com
Support Location 2
Country Austria
Address Arche Noah 11, 8020 Graz
Phone +43 316 908030
Email undisclosed
Website www.reval.com
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FICO Falcon Fraud Manager provides core analytic processing power to handle an organization’s transactional fraud detection needs such as debt, credit, deposit, ePayments and mobile. It can be used to process events, develop strategies to detect fraud and create cases, and execute associated decisioning across an institution’s products, channels and customers.
FICO® Falcon® Fraud Manager provides deep insight into fraud trends and activity. Powered by FICO’s market-leading predictive analytics, it detects up to 50% more fraud than rules-based systems.
Customer Overview
Total Number of customers 10,000+ financial institutions
Customer Size undisclosed
Customer Type undisclosed
Target Market undisclosed
Specific georgaphical coverage undisclosed
Term and transactional models are supported. Pricing is based on FI size and transaction/account volume
Demo & Case Study Urls http://www.fico.com/en/products/fico-falcon-fraud-...
Features
- Robust neural network models with patented service, account, and customer profiling and monitoring of global entities
- Real-time rule creation, rule simulation, and rule implementation
- Efficient investigations with sophisticated case management system
- Seamless integration with your authorization and payment systems for up to 100% real-time scoring
- Region and portfolio-specific fraud models leverage industry-wide consortium data
- Adaptive models generate fraud scores based on analyst feedback
Benefits
- Detects more fraud with lower false positives to provide minimal impact on good customers
- Delivers earliest possible warning of fraud activity
- Boosts analyst productivity and improves effectiveness of fraud operations
- Identifies fraud sooner to give you more opportunity to reduce losses
- Leverages known fraud patterns to achieve highest fraud detection levels
- Adjusts to your findings about fraud dispositions
Platform & Workflow
Server OS undisclosed
Workstation OS undisclosed
Programming Language and API Java, C
SetUp and Installation Options Install on IBM zOS, AIX, or Linux
Deployment Period 6-12 months
Reporting Capabilities Embedded ad hoc and canned reports powered by Business Objects. Falcon ships with a set of comprehensive reports structure allowing financial institutions to report on fraud operations, rule, queue, and case performance, and false positives.
Security Options Falcon uses LDAP over SSL/TLS with an FI's LDAP server to authorize and authenticate users for their appropriate roles.
The product/service compliant with the following regulatory standards undisclosed
Connectivity, Hosting and Intergration
Hosting Option undisclosed
Hosting provider For cloud installations the FICO Analytic Cloud supports Falcon installations. The solution is also hosted by most major payment processors or integrators, including First Data, Total Systems, HP, FIS, Fiser, Visa and MasterCard.
Devices Supported undisclosed
Compatibility with Database Management System (DBMS) Oracle RAC, DB2
Third party integration SAP BO;FairCom C-Tree or a FICO-branded Couchbase; IBM Websphere or Apache Tomcat for application server
Support Services
Support Option undisclosed
All Falcon customers have access to 24x7 Falcon Product Support, reachable via email, phone, and online.
Branches
Support Location 1
Country USA
Address 3661 Valley Centre Drive, San Diego, CA 92130
Phone 858-369-8000
Email support@fico.com
Website www.fico.com
Support Location 2
Country UK
Address 5th Floor, Cottons Centre, Hays Lane, London SE1 2QP
Phone +44 (0) 207 940 8718
Email support@fico.com
Website www.fico.com
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FICO®Siron® Anti-Financial Crime Solutions
First Release Date:
Current Version: Version 1606 / July 2016
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Product/Service Description
FICO® Siron® Anti-Financial Crime Solutions consists of flexible and highly integrated software modules for:
• Anti-Money Laundering
• Tax Compliance (FATCA, CRS/AEOI)
• Counter-Terrorism Financing
• Know Your Customer
• Business Partner Due Diligence
The building-block design allows variable combination of the products. This paves the way to genuine cost efficiency, transparent total cost of ownership and solutions that can grow along with the challenges of our customers.
Key Features:
• Coverage of all statutory requirements
• Risk-based approach according to FATF
• Full check of customers and transactions
• No IT-knowledge necessary to configure detection scenarios
• Best-practice research scenarios from more than 1,000 of customer installations
• Multi-clients and multi-lingual user interfaces
• Easy integration with existing systems through standardized and flexible interfaces
• 100% audit-proof documentation
FICO® Siron® solutions consistently follow the risk-based approach and support all phases of the compliance process with integrated solution modules: from business risk analysis and customer risk classification to monitoring of transactions and behavioral patterns, and central case management with risk and compliance dashboards.
FICO® Siron® products are highly standardized and parametrizable. They can be combined at will to create custom solutions. Numerous best-practice scenarios from a large number of customer installations have made their way into our standard research products. They guarantee fast roll-out of professional solutions based on the latest compliance knowledge.
FICO® Siron® technology is robust, interoperable, platform-independent and highly scalable. This facilitates integration of our products into existing system environments and provides seamless interaction with third-party applications and databases. The field of application of our products extends from the lean departmental to a cross- and multi-national group solution.
Customer Overview
Total Number of customers over 1,100
Customer Size undisclosed
Customer Type undisclosed
Target Market undisclosed
Specific georgaphical coverage undisclosed
undisclosed
Demo & Case Study Urls
Features
- Coverage of all statutory requirements
- Risk-based approach according to FATF
- Full check of customers and transactions
- No IT-knowledge necessary to configure detection scenarios
- Best-practice research scenarios from more than 1,000 of customer installations
- Multi-clients and multi-lingual user interfaces
- Easy integration with existing systems through standardized and flexible interfaces
- 100% audit-proof documentation
Benefits
- Largely automated driving the daily surveillance with as little effort as possible
- System-independently integrated into the IT-infrastructure – investments in additional hard- and software not necessarily needed
- Good performance even for high volume of data
- Easily adaptable to regulatory changes and highly flexible support of any individual definition of suspicion criteria according to the specific risk of the bank
- End user-friendly dialog to bring in the compliance officer’s experience and knowledge of what seems to be suspicious
- Audit trail protocols of all operations and definitions including changes - to protect employees from being accused of carelessness
- Reasonable costs for license and implementation
Platform & Workflow
Server OS undisclosed
Workstation OS undisclosed
Programming Language and API JAVA, C++ and Siron®4GL; Standard interfaces to core banking systems and data suppliers
SetUp and Installation Options Depending on customer needs, realization ofon-premise, off-premise, full (virtual) private cloud or hybrid cloud models
Deployment Period Short implementation periods of only 2 to 6 months
Reporting Capabilities FICO® Siron® provides comprehensive reporting capabilities, including risk & compliance dashboards with dynamic drilldown functionality. All necessary reports to comply with international AML/CTF regulations, such as 'Suspicious Activity Reports'
Security Options FICO® Siron®products have been successfully certified by a global auditor. This certification confirms the regularity of the software suite Siron® according to the IDW Auditing Standard IDW PS 8S0.
The product/service compliant with the following regulatory standards undisclosed
Connectivity, Hosting and Intergration
Hosting Option undisclosed
Hosting provider Generally offered via local value added partners. Amazon AWS and Microsoft Azure are also supported.
Devices Supported undisclosed
Compatibility with Database Management System (DBMS) MS SQL Server, Oracle, DB2
Third party integration undisclosed
Easy integration with core banking systems (e.g. SAP, Oracle,Temenos, FIS) and data suppliers (e.g. Dow Jones, Thomson Reuters, LexisNexis and many more)through standardized and flexible data interfaces
Support Services
Support Option undisclosed
Branches
Support Location 1
Country Germany
Address Werner-von-Siemens-Straße 2, 64625 Bensheim
Phone 49 6251 7000 0
Email info-tonbeller@fico.com | support-tonbeller@fico.com
Website www.tonbeller.com
Support Location 2
Country USA
Address undisclosed
Phone 18003194433
Email info@fico.com | support@fico.com
Website www.fico.com
Alternatives
Media Coverage (Quick Links)
Related News
Blogs
Publications
Product Profile
SAS Anti-Money Laundering
First Release Date:
Current Version: August 2016 - Version 7.1
Language Support:
Technology Category:
Screenshots
Product/Service Description
The SAS solution allows clients to uncover suspicious financial activity efficiently. Get a complete view of threats across your entire institution. And streamline your monitoring, review and investigation processes. SAS provides a common analytics platform and module-based solutions for enterprise fraud, customer due diligence, anti-money laundering and enterprise case management.
Customer Overview
Total Number of customers 150
Customer Size undisclosed
Customer Type undisclosed
Target Market undisclosed
Specific georgaphical coverage undisclosed
Financial Institution Asset Size Based Pricing
Demo & Case Study Urls http://www.sas.com/en_us/industry/banking/financia...
Features
- Money Laundering and Terror Financing Transaction Monitoring, Watchlist and Sanctions Batch Monitoring, Alert and Case Management with Workflow Governance, Regulatory Report Creation, Management, and E-Filing
Benefits
- High Performance scalability to cover very large transaction volume across many lines of business, Transparent system with open data model and no black box monitoring processes or models, Robust and mature data model provided with the solution, Extensive
Platform & Workflow
Server OS undisclosed
Workstation OS undisclosed
Programming Language and API SAS, Web Services
SetUp and Installation Options Implementation provided by SAS Professional Services
Deployment Period Twelve to Eighteen Months
Reporting Capabilities A small standard set of reports are provided out of the box. SAS Visual Analytics is the solution's reporting platform. It provides extensive capabilities for users to define custom reports as well as provide for high performance visual data exploration
Security Options The SAS Anti-Money Laundering Solution provides several layers of security controls: Metadata Level Security - Logical folder structures for maintaining content and access rights. Workflow Security - User, Group, Role based permissions integrated into bus
The product/service compliant with the following regulatory standards undisclosed
Connectivity, Hosting and Intergration
Hosting Option undisclosed
Hosting provider SAS Solutions On-Demand
Devices Supported undisclosed
Compatibility with Database Management System (DBMS) MS-SQL Server, Oracle, DB2, Teradata
Third party integration SAS can leverage any published API of third party applications or systems.
Support Services
Support Option undisclosed
24/7 Free Tech Support is included with all SAS Solutions
Branches
Support Location 1
Country U.S.
Address SAS Campus Drive Cary NC, 25713
Phone 919-677-9-8000
Email undisclosed
Website www.sas.com
Alternatives
Media Coverage (Quick Links)
Related News
Blogs
Publications
Product Profile
FlexFinance IFRS
First Release Date:
Current Version: Modelbank 3.4 / June 2016
Language Support:
Technology Category:
Product/Service Description
FlexFinance IFRS. FERNBACH offers a modular solution system. It consists of several blueprints, which in their entirety cover the finance & risk process chain including valuation, financial accounting, reporting and analyses. Each of these blueprints consists of components (“calculation kernels”) which can easily be integrated. One can install selected individual components or the entire range of blueprints. The blueprints for IFRS include the latest rule sets such as IFRS 9 and IFRS 13.
Customer Overview
Total Number of customers undisclosed
Customer Size undisclosed
Customer Type undisclosed
Target Market undisclosed
Specific georgaphical coverage undisclosed
undisclosed
Demo & Case Study Urls www.jabatix.net
Features
- FlexFinance IFRS provides, for risk provisioning in particular, a comprehensive catalogue of instruments that includes calculation, simulation, accounting, analysis and reporting. Since different organisational units in a financial institution are usually
Benefits
- Comprehensive IFRS solution which includes valuation of financial instruments, calculation of impairment and hedge management; consolidation with multi-currency capability. • The IFRS solution supports FinRep in accordance with the European Banking Author
Platform & Workflow
Server OS undisclosed
Workstation OS undisclosed
Programming Language and API Java/J2EE
SetUp and Installation Options undisclosed
Deployment Period undisclosed
Reporting Capabilities FlexFinance provides data and values for diverse IFRS statements in various IFRS data marts. Individual analyses and a wide range of reports can be prepared on this basis. All the reporting data marts are updated in real time. If a new product is added to
Security Options -
The product/service compliant with the following regulatory standards undisclosed
Connectivity, Hosting and Intergration
Hosting Option undisclosed
Hosting provider undisclosed
Devices Supported undisclosed
Compatibility with Database Management System (DBMS) Oracle
Third party integration undisclosed
Support Services
Support Option undisclosed
Branches
Support Location 1
Country Luxembourg
Address 1a, op der Ahlkerrech, L-6776 Grevenmacher
Phone +352 402244-1
Email luxembourg@fernbach.com
Website www.fernbach.com
Support Location 2
Country Singapore
Address 40/F Ocean Financial Centre, 10 Collyer Quay, Singapore 049315
Phone +65 6808 6245
Email singapore@fernbach.com
Website www.fernbach.com
