Financial crimes and compliance solution

Fortent announced the introduction of Fortent Connect, a solution designed to help mid-sized financial institutions fight crime and manage regulatory compliance.

This new offering combines essential capabilities – sanctions screening, anti-money laundering (AML) and fraud monitoring, customer risk rating, alert management and regulatory reporting — into one system. Fortent Connect can be implemented in as fast as 90 days and eliminates the complexity of using multiple suppliers and products to perform this broad range of tasks.

Fortent Connect consolidates risk and compliance functions:

• Transaction monitoring – a portfolio of AML and fraud rules enables banks to select and create rules based on their individual business profiles.
• KYC – a wide range of KYC detection tools includes risk rating and watch list and PEP screening, with the option to add real-time OFAC blocking.
• Workflow and reporting – comprehensive alert management tools and management information helps analysts investigate alerts more quickly, and makes creating and submitting reports to management, auditors, and regulators much easier.

Fortent has one of the most active user groups in the financial crimes management community. The transaction-based rules available in Fortent Connect reflect the extensive knowledge and learnings of this user community and have been proven to be the best in the industry at detecting suspicious behaviors.