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Financial Crime Compliance and Risk Management

Regulatory compliance in finance and risk management remains a critical requirement for banks and financial institutions. But in today’s fast-evolving, digital-first landscape, merely complying is not enough—they must stay ahead of the curve.

For most financial organizations, financial crime risk management and regulatory compliance remain complex, inefficient, and costly processes. With the right strategy and processes, companies can enhance the productivity of their compliance operations, saving untold millions in avoided sanctions, fines, enforcement actions, and remediation costs.

As regulations and data continue to grow in volume and complexity, compliance teams need scalable financial crime compliance solutions to evolve with their organization’s needs. Automation and artificial intelligence (AI), when incorporated into current practices, can help firms eliminate errors, improve cost-efficiencies, and optimize resources. Meanwhile, carefully calibrated risk models can enhance customer experience, creating a swift and seamless onboarding process for low-risk customers, while enabling teams to focus on those cases that require a closer look.

Capgemini’s approach to finance and risk management arms compliance teams with the regulatory expertise, technology, and industry insights needed to streamline their anti-financial crime programs, thereby enhancing overall customer experience.

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Financial Crime Compliance Solutions: What We Do

Our solutions elevate finance and risk management, utilizing advanced technologies and strategic partnerships to ensure comprehensive financial crime compliance.

Enabling continuous monitoring, assessment and real-time response through pKYC.

pKYC represents the new industry standard of KYC, making once static processes fully dynamic and adaptive.

Through the integration of advanced data capabilities, pKYC enables continuous, trigger-based risk monitoring of all customers. With this enhanced functionality, financial institutions can respond to events and behavior changes in real-time – allowing organizations to recognize and react to suspicious activity the moment it occurs.

Capgemini’s pKYC offer includes:

Data aggregation

  • Pre-built integrations from hundreds of primary and premium data products covering even more jurisdictions, from corporate registries to stock exchange listings.

Digital KYC profile

  • A digital profile for each customer with current data built into a platform used by AI models, allowing for omnichannel engagement between banks and customers in real time.

UBO identification

  • Automatically search external data sources, minimizing client outreach and establishing ownership as well as control structures with diagrams to help teams visualize insights.

Data management

  • Reduces time lag between KYC review and potential risk exposure of undetected and uninvestigated changes which maintains ongoing compliance.

Automated record-keeping

  • Maintain accurate customer and counterparty records through an integrated workflow.
  • Reduction of false positives and due diligence review backlogs.
  • Permit automated performance of repetitive, routine tasks, freeing up time of analysts.

Audit trail

  • Automated service that creates and maintains a dynamic audit trail, removing unnecessary due diligence and prioritizing investigation workflow provided by KYC analysts.

We partner with RegTech leaders such as Encompass Corporation, Quantexa and WorkFusion to help you through their AML/KYC transformation journey, offering cutting-edge financial risk advisory and compliance technology integration.

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.

Elevate your Financial Crime Compliance with Capgemini

Leverage our expert finance and risk management consulting services to strengthen your financial crime compliance. Contact us today to implement proactive, cutting-edge compliance solutions.

Awards and recognition

Leader and star performer in risk and compliance

Capgemini awarded leadership rating in Everest Group’s BFS IT Services PEAK Matrix® Assessment 2023.

Meet our experts

Manish Chopra

Executive Vice President, Financial Services
Global Leader helping clients drive Risk Management, Regulatory Compliance & Financial Crime Risk Management Strategies & Execution
Samar Pratt

Samar Pratt

Global Head, Financial Crime Compliance Advisory
Samar is the global head of Capgemini’s FCC advisory business and helps clients enhance their FCC control frameworks through advice and tech enabled solutions across the three lines of defence. She has led several high-profile monitorships on behalf of the U.S and UK regulatory authorities including the US Department of Justice.
Mike-Roe

Michael Roe

Americas Regional Lead, Financial Crime Compliance Advisory
Michael leads the Americas FCC advisory business for Capgemini. An industry veteran in anti-money laundering and sanctions screening, he has been engaged in high-profile monitorships and sanctions compliance programs of global financial institutions.
Brett Hames

Brett Hames

EMEA Regional Lead, Financial Crime Compliance Advisory
Brett leads the EMEA FCC advisory business for Capgemini. He has a rich experience in anti-financial crime compliance, business intelligence and fraud risk advisory, which includes building global business intelligence functions at major financial institutions.
Supriyo-Guha

Supriyo Guha

Senior Director, Financial Crime ComplianceCapgemini
Supriyo is the practice lead for financial crime compliance at Capgemini. He leads strategic industry-first initiatives to help clients transform their anti-financial crime functions and heads Go-to-market for Capgemini’s marquee FCC clients.

Jeffrey Ingber

Financial Industry Consultant/Director of Business Development/Advisor

    Our Partners in Financial Crime Compliance

    We collaborate with leading technology providers to deliver robust financial crime compliance solutions and risk management strategies. Our partnerships empower financial institutions to enhance security, improve regulatory compliance, and streamline financial services risk management and operations through advanced risk management technologies.

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