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Financial Crime Risk Management (FCRM)

Financial Crime Risk Management (FCRM) – Every company, for example, financial, telecommunication, insurance, etc., has a basic need to monitor financial transactions.


Synax’s offering is  a comprehensive suite of banking solutions that are aimed at helping global financial institutions maximize customer revenues and combat financial crime. These include:

  • Enterprise Fraud Management: The EFM Solution is a real-time intelligent Big Data solution that combats sophisticated fraud with real-time, actionable insights. It is designed to meet the fraud detection, investigation, prevention, monitoring compliance and audit needs of banks.
  • Real-time Anti-Money Laundering: Real-time AML solution helps banks and financial institutions automate, streamline and comply with existing and emerging regulatory AML/CFT compliance programs. The solution suite comprises of 6 key modules viz. Suspicious Activity Monitoring, Customer Risk Categorization, Entity Identity Resolution/Watch List Filtering, Regulatory Reporting (CTR/STR/SAR/FATCA), Case Management and Entity Link Analysis.
  • Customer Experience Management: The CEM solution is designed to provide banks with the ability to offer individualized customer experience across all channels and communication. It can analyze and interpret every transaction intelligently and in real-time, which results in your banks’ conversations, services and products being highly relevant and contextual for the customer.
  • Payments Fraud Reporting: The PFR solution helps issuer banks and PPI issuers (banks and non-banks) ensure comprehensive, transparent, auditable Payments Fraud Reporting to RBI in an automated, unified, integrated fashion. This single-point modular fraud reporting platform synchronizes with all data source channels and streamlines the entire RBI reporting process end-to-end, right from data upload through to report generation.
  • Loan Origination and Monitoring: Recognizing that building a high-quality loan portfolio is critical to banking, this data analytics solution was designed to identify the best potential loan customers and monitor each loan throughout the loan term while simultaneously detecting loan fraud.

Synax’s offered banking solution suite helps reduce your banks’ ‘false positive’ alerts considerably. It integrates seamlessly with any source system and can go live within 1 to 4 months. It runs on commodity hardware thus lowering the TCO and you will get access to real-time dashboards and reports.

Features and benefits

Some of the key features of Banking Solution Suite offered by Synax are:

  • Compliance with regulators by timely filing of various regulatory reports including CTR, STR/SAR reports
  • Integrated reports and visually rich dashboards providing insights on the efficiency and effectiveness of the AML System
  • Ability to consume data from various sources, including Manual Data Entry, Case Management System, Flat File Upload, Kafka Adapters, Database Imports
  • Advanced Identity Resolution algorithms like NYSIIS, Double Metaphone
  • Web based Scenario Engine for creation of new fraud scenario as and when required, without coding or any effort from the IT team
  • Trigger suspicious cases to fraud monitoring team for detailed analysis and reporting
  • Multi-channel environment deployment for seamless experience across the channels

What Synax offers

  • Plan, consult and design the Banking Solution Suite, including people training
  • Set up and improve operations such as EFM, AML, CEM, PFR, Identity Resolution, Loan Origination and Monitoring for banks
  • Build, Operate and Transfer (BOT model) as per customer requirements
  • Provide flexible and innovative payment models (OPEX and CAPEX models) to align with your budget
  • Provide On-Prem, Hybrid and Cloud based solutions as per the customer needs
  • Provide advisory and capacity building, customized for customer’s environment