About Kyndryl Anti–Money Laundering Platform
The Kyndryl™ Anti–Money Laundering Platform (Kyndryl AML Platform) provides process automation designed to prevent money laundering and terrorism financing while supporting institutions in the quick detection of irregularities, suspicious cases and justified case alerts and cases decision making. The Kyndryl AML Platform can be used by all kinds of obliged institutions — banks, insurance companies, telecommunications providers, loans providers, cryptocurrency trades, payment institutions, companies that provide AML service as subcontractors or as accountants and auditors, and more. Our platform provides rapid, accurate detection of suspicious transactions and persons placed on sanction lists, as well as the ability to fully report actions taken by analysts during case verification to be presented during regulator audits. Developed by specialists, the Kyndryl AML Platform responds to the requirements of the EU directive and regulatory recommendations given by recognizable international organizations and regulators around the EU and US.
The Kyndryl™ Anti–Money Laundering Platform (Kyndryl AML Platform) provides process automation designed to prevent money laundering and terrorism financing while supporting institutions in the quick detection of irregularities, suspicious cases and justified case alerts and cases decision making. The Kyndryl AML Platform can be used by all kinds of obliged institutions — banks, insurance companies, telecommunications providers, loans providers, cryptocurrency trades, payment institutions, companies that provide AML service as subcontractors or as accountants and auditors, and more. Our platform provides rapid, accurate detection of suspicious transactions and persons placed on sanction lists, as well as the ability to fully report actions taken by analysts during case verification to be presented during regulator audits. Developed by specialists, the Kyndryl AML Platform responds to the requirements of the EU directive and regulatory recommendations given by recognizable international organizations and regulators around the EU and US.
Advantages of the Kyndryl AML Platform:
- Strongly parameterized scenarios. Business users can set up parameters without the need for modifying code.
- Online monitoring of fiat transactions before execution.
- Offline post-monitoring of fiat and crypto currencies transactions.
- Online monitoring of orders for crypto transactions on crypto exchange providers.
- Ability to verify and scan transactions from comma-separated values (CSV) files.
- Modular approach enables to achieve functional configuration depending on your existing applications and plug in the missing functionality.
- Integrated system. All-in-one approach reduces complexity and enables to track end-to-end process enabling proper detailed and consolidated reporting.
- Ease of integration due to APIs streamline integration with other applications.
A unique, focused approach to prevent money-laundering and Countering the Financing of Terrorism for Fiat and Cryptocurrency
The Kyndryl AML Platform stands out with its uncompromising approach to prevent money laundering and counter terrorism financing.
The Kyndryl AML Platform stands out with its uncompromising approach to prevent money laundering and counter terrorism financing.
- It covers the requirements of obliged institutions while automating and simplifying the work of analysts to reduce the risk of executing suspicious transactions or entering into business relationship with not verified clients.
- It calculates and re-calculates the client AML risk as well as global risk of the obliged institution.
- Employee training in many different applications that support the AML process not needed due to integration of the system.
- Logging any event in the system log provides records during the internal audit as well as during the regulator’s control.
- The AML Platform provides the possibility of dynamic parameterization in response to market expectations related to the rapidly changing business environment.
Technical specification:
At Kyndryl, we always strive for excellence creating technological systems in innovative ways, such as architecture based on microservices and cloud. The Kyndryl AML Platform is based on open-source and Kubernetes technologies and can work locally (on premises) or in the cloud. We are cloud agnostic. The system maintains a log register in which all relevant actions taken by users are recorded for audit purposes. The system is modular, which means that the obliged institution can select only the functional modules appropriate for its business model.
What makes us stand out?
A solution that particularly distinguishes us is the support of the customer onboarding process to the obliged institution, which is possible thanks to the acquisition of information about the customer from various sources and verification for many types of customers. An element of this process is verification against sanctions lists, checking the correctness of beneficial owners’ data and estimating risk according to various categories. The second distinguishing characteristic is receiving and processing information about financial transactions in fiat currencies and cryptocurrencies, for which scanning transactions or transaction orders is done according to defined behavioural scenarios for transactions done over blockchain. An additional advantage is the ability to immediately implement the market regulator's recommendation, without the need to modify platform code by parameterizing transaction scanning scenarios and the assignment of ratings for individual risk classes — economic, geographical, operational, personal, product, reputational, and structural.
Product Presentation:
Contact information
To learn more about how the Kyndryl AML Platform can help your institution prevent money laundering and terrorism financing while support regulatory compliance, reach out to us at [email protected]