Focal Features

As reported in 13 Focal reviews. The solution uses intelligent algorithms like fuzzy matching to identify potential risks.

Based on 13 Focal reviews. Create watchlists that can include sanctions lists (e.g., Dow Jones, WorldCheck, WorldCompliance, and Accuity).

As reported in 12 Focal reviews. Score persons and organizations based on their history and risk potential.

Based on 11 Focal reviews. Pool data from various sources to auto-populate e-filing of Suspicious Activity Report (SAR) or Currency Transaction Reports (CTR) forms.

As reported in 13 Focal reviews. Standard workflows to assign workload and to alert users based on predefined triggers.

Based on 12 Focal reviews. Manage due dilligence processes such as Customer Due Diligence and Know Your Customer.

Comply with regulations from multiple jurisdictions such as OFAC, UN, EU, OSFI, UK and AUSTRAC or FATCA. This feature was mentioned in 12 Focal reviews.

Compliance with fraud and risk management policies created by the company using the solution. This feature was mentioned in 12 Focal reviews.

As reported in 12 Focal reviews. Create behavior models that can be used to detect suspicious behavior.

Simulate and validate scenarios to address multiple types of risks. This feature was mentioned in 12 Focal reviews.

Based on 11 Focal reviews. Real-time transaction screening to immediately identify potential risks.

As reported in 11 Focal reviews. Allows users to segment and manage lists of suspicious persons and organizations.

Evaluate the quality and performance of the anti-money laundering activities.

As reported in 10 Focal reviews. Ability to generate standard reports for compliance purposes such as FATCA/CRS, SARS/STR and SWIFT.

Display suspicious activity by period, risk type, person or organization. 10 reviewers of Focal have provided feedback on this feature.

As reported in 10 Focal reviews. Dashboards to provide real-time data on suspicious transactions, persons, or organizations.

Has integreated AI features to assess and assign risk scores to transactions and customer profiles, enabling prioritized investigations based on potential threat levels.

Uses AI algorithms to identify complex patterns and anomalies in transaction data that may indicate money laundering.

Improves performance based on feedback and experience

Makes informed choices based on available data and objectives