Financial crime compliance and risk management

Traditional KYC services are reliant on manual reviews and periodic updates. It creates inefficiencies, increases operational costs, and exposes institutions to compliance failures. With increasing pressure to keep up with evolving financial crime and regulatory expectations, transitioning your KYC operating model to Perpetual KYC (pKYC) is crucial.

Perpetual KYC Catalyst by Capgemini is an industry-first sandbox that enables you to test and refine your pKYC transformation journey safely. It includes a secure, structured environment where financial institutions can test, refine, and optimize their pKYC tech-stack and validate their KYC transformation business case before full deployment.
Developed in collaboration with leading RegTech providers, its modular, flexible architecture helps firms identify the best approach in practice for a seamless transition from legacy to a modernized pKYC operating model, including the ability to leverage AI/multi-agent AI KYC solutions.

Learn more about Perpetual KYC Catalyst by Capgemini.

We support financial industry leaders and institutions alike to improve efficiency and reduce risk management while improving customer and user experience, leveraging AI, agentic AI, and automating KYC processes.

End-to-end automation of KYC AI-enabled accelerators ensures seamless integration, scalability, and provides FS institutions with a unified view of their customers. These accelerators support transformation and offer next-generation financial crime compliance solutions across the lifecycle.

Delivering end-to-end solutions throughout the Financial Crime Compliance lifecycle, our FCC Managed Services help institutions navigate the complexities of an ever-evolving regulatory landscape. In a world where transaction volumes and complexities surge, our expertly designed services support financial institutions in meeting the intricate demands of financial crime compliance efficiently.

Capgemini’s FCC Managed Services are structured to offer seamless support across the entire FCC lifecycle, addressing both financial crime risk management and compliance, facilitated by data-driven decision-making, accelerated by technology-enabled workflows, underpinned by our centers of excellence, and enhanced through collaboration with seasoned subject matter experts.

Our FCC Managed Services offer includes:

Transaction monitoring

• Handling transaction monitoring alert reviews
• Overseeing case escalations
• Writing suspicious activity reports seamlessly

Due diligence

• Counterparty due diligence
• Third-party due diligence
• End-to-end program management services

Screening

• We conduct daily sanctions and watchlist screenings for SWIFT messages, politically exposed person checks, negative news, and manage alert clearings.

Through these tailored services, Capgemini empowers financial institutions to maintain compliance, mitigate risks, and enhance operational effectiveness, positioning them ahead in the dynamic field of finance and risk management.

Addressing gaps in program design through an analytics-led approach.

Capgemini’s Advisory Solutions leverage cognitive computing and machine learning to strengthen anti-money laundering, anti-bribery, and sanctions risk management efforts across financial institutions. Our services streamline compliance audit, risk assessments, and technology integration to meet rigorous regulatory standards and improve operational efficiency.

We help firms identify the risks and assess FCC control weaknesses, enabling them in evaluating controls, designing monitoring programs, and ensuring compliance across all defense lines.

Capgemini’s FCC advisory offer includes:

Compliance audit, assurance, and testing

• We design, implement, and execute FCC audit and assurance programs in line with regulatory requirements and industry best practices.

Compliance program design, reviewing, and testing

• Conducting program reviews against industry standards and regulatory expectations
• Designing and implementing FCC control improvements per regulatory requirements.

Risk and gap assessments

• Reviewing, designing, and enhancing enterprise risk assessment processes

Independent monitorships and FCA skilled person reviews

• Serve as a trusted partner to clients who are the subject of regulatory monitorships or self-appointed by companies on a proactive basis.

Remediations/lookbacks

• Uplift of KYC file completeness and accuracy to bring into compliance with global regulations

Compliance analytics/ technology assessments

• Identify, analyze and solve complex data and technology challenges covering to FCC models and screening and transaction monitoring systems.

Compliance technology integration

• Implementation and testing of technology to support compliance business processes

Through these tailored advisory solutions, Capgemini enables financial institutions to meet and exceed the evolving demands of financial crime compliance, ensuring they are well-equipped to navigate the complexities of the regulatory landscape.

Capgemini’s Compliance & Risk Analytics services ensure that risk models not only meet regulatory standards like BSA/AML and OFAC but are also optimized to effectively identify and mitigate financial crime and fraud.

In a world with evolving financial regulations, there is a growing need for addressing compliance standards, such as BSA/AML and OFAC.

By introducing advanced model validation services and focusing on meeting standards, companies become better placed to streamline model outputs and thus highlight suspicious activities while minimizing false positives.

Capgemini’s compliance & risk analytics offer includes:

Compliance Technology Testing

• We perform system evaluation, modeling, validation, testing and tuning for transaction monitoring models
• Screening systems review
• Customer Risk Rating Model review and stress testing
• NY DFS Part 504 compliance assessments
• Independent transaction monitoring functional testing and scenario replication
• Above-the-line and below-the-line testing

Compliance Control Framework Analytics

• Complete data driven assessment of control frameworks
• Coverage gap assessment
• Model governance and conceptual soundness review
• Management Information analysis and optimization

Transactional Analytics

• Deep wealth of experience analyzing cross-border, correspondent, securities and retail transactional activity
• SWIFT message analysis and Tag 70/72 unstructured analysis

Data Testing

• Data governance review
• Identification of Critical Data Elements
• Data quality testing
• End-to-end data lineage testing

Our suite of analytics-driven services ensures financial institutions can meet the demands of evolving financial regulations while enhancing both financial services risk management and their overall compliance frameworks.