Our Services

Focus Areas

  • KYC standards are designed to protect FIs against fraud, corruption, money laundering, and terrorist financing.

    Richer reviews and data collection paint a more complete picture and inform other critical AML/BSA functions.

  • Sanctions Screening involves screening customers and payment parties against sanction lists in real-time and batches.

    Quality source data and accurate lists result in reduced false-positives, efficient investigations, and a lightened workload.

  • TM refers to the monitoring of current and historical customer transactions to uncover and assess suspicious activity.

    We recommend a risk-based approach, paired with optimal client segmentation to set meaningful, targeted thresholds.

  • Fraud is a deliberately deceptive act to make illegal or unethical gains.

    Anti-fraud and AML teams often track the same or related individuals. By aligning the two functions and analyzing the intersection between money laundering and fraud, FIs can increase the speed of customer onboarding, reduce false positives, and better identify risk early on in the customer lifecycle.

  • Alert and case management is a process performed by FIs to monitor, detect, investigate, and report customer behavior.

    The best tools increase collaboration, streamline processes, and optimize workflows.

  • The foundation of an effective and sustainable data strategy in Financial Crimes Compliance, and GRC programs more generally.

    Allium covers the full spectrum from defining the data scope and stewards, to data lineage, quality, sharing, and retention.

Risk Assessment

The foundation of a strong AML Compliance platform is a comprehensive assessment of the various risks the firm is exposed to and how effectively the current systems mitigate and adapt to those risks.

Solution Implementation

It is critical to select and configure a suite of solutions and tools that best aligns with the firm’s strategic needs and addresses the findings of the risk assessment - without a prohibitive cost of ownership.

Data Procurement

Sourcing and analyzing high quality data does not have to be the arduous process it often becomes. We break the "garbage in, garbage out" adage by leveraging our data mapping and transformation experience.

 

Model Validation

Thorough review and testing of all aspects of model specifications, inputs, outputs, and usage - in accordance with SR-11 and in alignment with the firm’s Model Risk Management framework.

Customer Segmentation

Enhancing static customer attributes with dynamic risk and activity-based clustering allows firms to segment their customer populations and apply meaningful thresholds and scoring scales.

Process Improvement

Investigators are at the very heart of any AML program. We strive to maximize their time focusing on matters demanding the most attention while automating those that are predictable and repetitive.

 

Data Governance

The documentation of data lineage, as well as controls and procedures that govern compliance systems have been under increased regulatory scrutiny, making them just as important as the efficacy of your rules.

KPI Development

We help define what “performance” means to you and develop sustainable processes to give you comfort that your models are operating with the quality you expect, whether they are traditional rule-based systems or complex AI/ML algorithms.

Program Optimization

Whether a new implementation, conversion, upgrade, or optimization, we must tune our models to produce high quality alerts in an ever-changing environment, both internally and externally.