Mphasis Digital Risk tracks and maintains banking requirements with our team of legal and compliance experts performing regular, comprehensive evaluations. The reviews incorporate an assessment and interpretation while defining control requirements for thousands of risks. In turn, this helps our clients:
• Stay compliant with both State and Federal Regulatory requirements – Our Legal and Compliance Expert team assesses and tests individual processes and regulatory requirement to ensure operational soundness.
• Establish an organized approach for exams, audits, and formal reviews – Our in-house developed Enterprise Technology automates end to end process for all formal reviews.
• Build or maintain a strong Compliance Management System – Our technology solution which tracks regulations and statutes while automating the client’s compliance management program.
• Keep up with requirements for Anti- Money Laundering regulation – Our targeted technology optimizes the entire KYC/AML process, from on-boarding through investigations.
Preparedness - Operational Solutions – Operational Readiness Testing
Mphasis Digital Risk proactively helps with any layer of defense through operational readiness review testing.
Operational Readiness Testing
• CFPB Operational Readiness
• Operational Assessments
• State Specific Reviews
• Ongoing Targeted Reviews
Targeted - Operational Solutions – Testing by Line of Defense
Mphasis Digital Risk provides targeted testing by loan type, process or regulation.
• Up to the minute changes
• Leading Industry Expertise
Remediation - Operational Solutions – Action Plan Remediation
• External Exams
• State Audits
• Internal Audits
• Formal Action Plans
• Consent Orders
• Matters Requiring Attention
TEGO Know Your Customer
Mphasis Digital Risk’s AML Onboarding Platform provides full functionality to:
• Business, borrower, or vendor access to share data and documents in a secured environment
• Robust and flexible workflow engine to optimize process efficiency and quality control
• Save money through automation.
Actimize AML Screening
• Actimize Gold Reseller
• Allows us to resell Actimize licenses on attractive commercial terms
• Provides us with dedicated support from Actimize SMEs
• Actimize provides copies of all its software products and regular updates to its Gold Resellers
TEGO AML Investigations
AML Investigation – Technology minimizes false positive investigations for AML Screening Alerts and/ or Investigations.
• Co-exist with AML Screening tool. This solution automates the investigation work.
• Significantly reduce through put without compromising investigation.
Utilize and develop state of the art technology
Demonstrated past performance
Lower overall investment