XM3 is a world-class, first-tier detection, prevention and risk management platform for financial institutions with special focus on Anti-Money Laundering (AML), which delivers a combination of the highest levels of accuracy at the minimum total cost of ownership while ensuring sustainable regulatory compliance. XM3 is designed by industry leaders in the areas of AML detection, risk management, modeling human behavior, pattern recognition and information technology. XM3 is designed to be fast, reliable, secure, easy to deploy and reusable in any variety of environments.
Innovative Technology
XM3 facilitates the analysis of high volume data streams and detects complex, unusual and suspicious scenarios and behavioral patterns. Processing, performed in either batch or real-time mode, reads data directly from bank core financial application systems and does not require a proprietary data warehouse to store the data. After the data is loaded into the XM3 system, a series of advanced analytical methods are applied to detect unusual and suspicious activity. All transactions are analyzed. Based on bank risk management policy, unusual activity is scored using a comprehensive risk management approach. Alerts with a risk score above a bank specified level are then presented to the compliance staff for review. Rich work group and work flow functionality are built into the XM3 Case Manager to facilitate the efficient investigation of high score alerts.
Since different banks have different lines of business, different types of customers and different potential risks, XM3 has been designed with a number of threat detection models. The specific threat detection models which are appropriate for a specific bank are determined after a gap analysis. The various XM3 threat detection models that could be deployed are:
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