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Compliance

Techlogix offers implementation services for Oracle’s Financial Crimes and Compliance Management (FCCM) suite as well Accuity Compliance Link. Techlogix helps customers and key stakeholders get a 360-degree view of financial activities and customer risk and to detect and investigate potential non-compliant behavior.

Challenges

Financial institutions are reacting to a deluge of rapidly changing regulatory and security requirements with an increasing focus on tax compliance and fraud management. A proactive approach that goes beyond the typical piecemeal or departmental view of compliance towards an enterprise level is needed. We assist banks in anticipating regulatory needs and assist them in defining policies and processes that improve governance.

Our Compliance Offerings

Oracle FCCM based solutions:

  • Anti-Money Laundering (AML)
  • Know Your Customer (KYC)
  • Fraud Management
  • Regulatory Reporting including the creation of actionable reporting dashboards

Accuity Compliance Link:

  • Automated Screening of Customers against OFAC, UN, UK, EU, PEPs, EDD and Private lists
  • Adhoc Screening for customer and transactions
  • Trade Based Screening
  • Case Management

Success Stories

Implementation of FCCM at Gulf International Bank, Bahrain

Gulf International Bank (GIB) operates in Saudi Arabia and Bahrain and has a corporate presence in UK and UAE. The Bank wanted to implement a comprehensive solution to address AML, KYC and local regulatory guidelines in each of its four jurisdictions. The Bank acquired the Oracle FCCM platform and engaged Techlogix for a multi-jurisdiction implementation covering 16 AML scenarios.

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Rollout of Accuity Compliance Link at Meezan Bank

Meezan Bank Pakistan is the largest Islamic Bank in Pakistan and selected Accuity Compliance Link to comply with Customer and Transaction screening requirements. Techlogix, the exclusive partner of Accuity in the region, implemented the entire set of Compliance Link modules which enabled Meezan Bank to not only perform comprehensive screening against lists like OFAC, EU, PEP and private lists but also enabled them to perform transaction filtering especially pertaining to transactions related to Trade Finance.