The solution uses intelligent algorithms like fuzzy matching to identify potential risks.
Watch List
This feature was mentioned in 13 Focal reviews.
Create watchlists that can include sanctions lists (e.g., Dow Jones, WorldCheck, WorldCompliance, and Accuity).
Scoring
12 reviewers of Focal have provided feedback on this feature.
Score persons and organizations based on their history and risk potential.
E-filing
This feature was mentioned in 11 Focal reviews.
Pool data from various sources to auto-populate e-filing of Suspicious Activity Report (SAR) or Currency Transaction Reports (CTR) forms.
Workflows and Alerts
Based on 13 Focal reviews.
Standard workflows to assign workload and to alert users based on predefined triggers.
Compliance (3)
Due Dilligence
As reported in 12 Focal reviews.
Manage due dilligence processes such as Customer Due Diligence and Know Your Customer.
Regulations and Jurisdictions
12 reviewers of Focal have provided feedback on this feature.
Comply with regulations from multiple jurisdictions such as OFAC, UN, EU, OSFI, UK and AUSTRAC or FATCA.
Internal Policies
As reported in 12 Focal reviews.
Compliance with fraud and risk management policies created by the company using the solution.
Monitoring (5)
Models
This feature was mentioned in 12 Focal reviews.
Create behavior models that can be used to detect suspicious behavior.
Simuation
Based on 12 Focal reviews.
Simulate and validate scenarios to address multiple types of risks.
Transaction Monitoring
11 reviewers of Focal have provided feedback on this feature.
Real-time transaction screening to immediately identify potential risks.
Segmentation
As reported in 11 Focal reviews.
Allows users to segment and manage lists of suspicious persons and organizations.
QA
Evaluate the quality and performance of the anti-money laundering activities.
Reporting (3)
Compliance Reports
Based on 10 Focal reviews.
Ability to generate standard reports for compliance purposes such as FATCA/CRS, SARS/STR and SWIFT.
Suspicious Activity
As reported in 10 Focal reviews.
Display suspicious activity by period, risk type, person or organization.
Real-Time Dashboards
This feature was mentioned in 10 Focal reviews.
Dashboards to provide real-time data on suspicious transactions, persons, or organizations.
Generative AI - Anti Money Laundering (2)
Risk Scoring
Has integreated AI features to assess and assign risk scores to transactions and customer profiles, enabling prioritized investigations based on potential threat levels.
Pattern Recognition
Uses AI algorithms to identify complex patterns and anomalies in transaction data that may indicate money laundering.
Agentic AI - Anti Money Laundering (2)
Adaptive Learning
Improves performance based on feedback and experience
Decision Making
Makes informed choices based on available data and objectives
With over 3 million reviews, we can provide the specific details that help you make an informed software buying decision for your business. Finding the right product is important, let us help.