Fortent provides the global banking industry effective, efficient and proven solutions that meet regulatory requirements, streamline operations and combat financial crime.

Effective Compliance Management Solutions for Your Financial Institution

• Know Your Customer (KYC): Smart. Simple. Fast.
  From customer verification to in-depth customer association analysis and look-backs, Fortent KYC automated, risk-based solution is the leading choice to meet BSA and Patriot Act requirements.


• Anti-Money Laundering: Effective. Efficient. Proven.
  ABA endorsed Fortent AML is the world's leading risk-based transaction monitoring solution. Case Management: To streamline and organize investigators' workflow, Fortent's AML solution automatically directs information to specific users, branches and departments.
  
• Fraud:
  Fortent Fraud solutions leverage the robust transaction monitoring platform to prevent and detect check, debit, wire, deposit, and employee fraud. These solutions help firms decrease overall fraud losses.
  
• Regulatory Information Management:
  Fortent Inform is the only information service that creates cost and operational efficiencies. Dedicated to covering compliance and regulatory news and legislation, Fortent Inform streamlines the gathering and dissemination process and provides auditing and reporting functions for regulators.
  
• Regulatory News and Guidance:
  Provides up-to-the minute coverage of AML news.
  
• Professional Training and Certification:
  ACAMS is the premier organization for the AML compliance community, providing training certification, and networking for compliance professionals.
  
• Conferences and Seminars:
  ACAMS and Alert Global Media conduct the world's leading compliance events on six continents.

As anti-money laundering policies shift to reflect the current political, economic, and geographic realities of the world financial markets, banks are challenged to implement compliance systems that can keep up with these changes as well as with banks' own growth. Bankers expect their AML systems not only to provide compliance safeguards, but also deliver value in process and staff efficiency.

The sheer number and variety of financial products that banks offer today – combined with the geographic dispersion of clients all over the globe – complicate the task of AML  bank compliance, given the host of regulatory bodies involved.  For banks, managing all these complex requirements demands a rigorous knowledge of and insight into strategic banking concerns to protect the bank against regulatory risk and loss from financial crime.

As a leader in the anti-money laundering community for more than a decade, Fortent delivers banks a full suite of solutions to manage risk and compliance. Fortent's AML technology has been endorsed by the American Bankers Association as 'best in class', a designation earned by our expertise working in the banking industry and communicating with regulators about their expectations for banks. We put this expertise and insight to use in all of our products and services, providing banks with the assurances that all bases are covered when it comes to preventing and detecting financial crime.

Fortent's Risk and compliance technology for Banking

Fortent® KYC - Simple. Smart. Fast.

Tackling the KYC challenge

From the USA PATRIOT Act to OFAC regulations, banks are required to implement strict due diligence for all new and existing customers, paying particular attention to correspondent, private banking, and foreign banking accounts. But with the exponential growth in the number of accounts and the geographic dispersion of clients, bankers face significant operational hurdles in collecting, aggregating, and maintaining appropriate data on all customers. With a bank's multiple divisions each offering separate sales and distribution channels in a wide range of markets, the information flow becomes complicated, and important links can be missed.

Smart, simple, and fast

Fortent KYC provides an enterprise-wide solution to customer due diligence, collecting vast amounts of data and information input from multiple sources and aggregating it into a single, streamlined system. As the system evaluates customer information flowing in from branch offices around the world, Fortent KYC paints a complete picture of the real risk that an entity poses to an organization.

Advanced screening

By measuring customer profiles against OFAC lists, third-party resources (such as the Internet), watch lists, and internal databases, Fortent KYC establishes an exceptionally rigorous standard for Customer Identification Programs, Customer Due Diligence, and Enhanced Due Diligence requirements that form a critical function in protecting bank operations.

Fortent® AML - Effective. Efficient. Proven.

Managing complexity in transaction monitoring and reporting

Along with the rise in transaction volume has come an increase in transaction complexity for banks around the world. As financial instruments are being continually refined and developed for new markets, institutions are required to put transactions under a more powerful microscope and constantly monitor them for suspicious activity.

No wasted resources

Fortent AML, the best-in-class transaction monitoring system used by a range of widely-diversified financial institutions throughout the world, offers banks the effectiveness and efficiency required for AML banking compliance in today's market. With its rigorous monitoring of even the most complicated transactions, Fortent AML delivers the comprehensiveness that compliance officers and AML examiners demand while weeding out the false positives that drain time and resources away from revenue-producing activity.

Full coverage for all products

Fortent AML makes sure that all bases are covered, providing full coverage for all lines of business, including retail and investment banking, trusts, international correspondent banking, commercial banking, private banking, mutual funds, and brokerage. 

Case management, investigation and reporting made easy  

Fortent's anti-money laundering "dashboard" provides summarized views of key data points for easy access to critical information. Management Information identifying operator productivity, quality indicators and other key performance indicators are represented analytically and graphically. To streamline and organize investigators' workflow, Fortent's AML solution automatically directs information to specific users, branches and departments. Also, it automatically generates reports regulators require, maximizing the efficiency of the investigation process.

Fortent® Hosted AML

With Fortent Hosted AML, Fortent offers mid-sized and smaller institutions with limited IT resources a cost-effective alternative to running AML systems within their own organizations, providing access to the most robust and powerful anti-money laundering system available on the market. The hosted service is delivered in partnership with IBM.

Fortent® Fraud Management 

Sophisticated criminal threat

One of the fastest growing financial crimes today is fraud. Financial fraud is continually changing and adapting to new tactics meant to deter it. The rapid growth of electronic transaction has exposed banks to more risk from fraudsters. Fast and effective detection of this financial crime is the only solution for protecting an institution's assets and reputation. Establishing one-on-one relationships with customers gives banks the advantage of being able to identify unusual, suspicious or high-risk activity quickly. Sophisticated, scalable solutions that monitor each transaction aid banks in recognizing this type of activity.

Advanced data integration

As experts in collecting and integrating data from various sources in an organization to glean patterns of behavior, Fortent delivers the most advanced fraud detection technology available. Our fraud detection systems uncover both known and previously unknown fraudulent behavior, allowing investigators to 'connect the dots' across multiple channels. This gives your fraud management team a complete picutre of what is happening, as it happens.

Fortent fraud detection systems

• On-Us Check Fraud 
• Check Deposit Fraud 
• Check Kiting Fraud 
• Debit Card Fraud 
• ATM Fraud 
• Wire Payments Fraud
• Employee Fraud

Fortent® Inform

Manage information overload

Financial institutions can spend up to one-third of their compliance budget on accumulating and disseminating accurate and necessary information to employees. Moreover, without standardized information-gathering tools and distribution processes, individuals and groups in your organization might not be consistent in the way they interpret and act on regulatory events – exposing your business to risk, including:

• Too much information from too many sources – Are you overlooking what's important?
• Everyone interpreting 'legs and regs' differently – Is your process inefficient and inconsistent?
• Information flow isn't tracked – Do you know how informed your organization is?

Fortent Inform is the ideal information workflow tool for any organization looking to save money and time on compliance activities.

Cut costs while reducing risk

By aggregating information from various regulatory bodies and streaming content to all appropriate compliance and business functions within your organization, Fortent Inform increases the compliance productivity while lowering costs. Incorporating Fortent Inform into the workflow should save 10-15% of the overall compliance costs for an institution and reduce regulatory risk.

Track information flow to employees

Failing to inform all staff of ongoing changes in legal and regulatory requirements puts the entire institution at risk. Fortent Inform's audit and tracking function is an integral part of an enterprise-wide risk management strategy, ensuring that all employees are working with the right information at the right time.

For a preview of Fortent Inform, please go to http://inform.fortent.com

Regulatory News and Guidance

moneylaundering.com® and lavadodinero.com® 

As the ultimate information resource on money laundering, moneylaundering.com provides up-to-the-minute news and analysis of regulatory and enforcement actions for all compliance professionals.  

Available as an individual subscription or as an organizational site license for multiple users, moneylaundering.com (and its Spanish-language version, lavadodinero.com) provides a vast, electronic searchable library of laws, regulations, case documents, and expert commentary on the issues vital to anyone affected by money laundering compliance. 

Money Laundering Alert® 

Launched in 1989, Money Laundering Alert was the first publication dedicated to covering legislative, regulatory, and enforcement developments surrounding money laundering in the United States and around the world.  

Money Laundering Alert provides practical compliance guidance and case studies and is used as a training tool by financial institutions, insurance companies, and government agencies.  

For more information, go to www.moneylaundering.com 

Professional Training and Certification  

ACAMS®

The Association of Anti-Money Laundering Specialists (ACAMS) serves as a networking organization for AML professionals, helping them with career development and establishing a high standard of performance. Upon completion of a rigorous examination developed by industry leaders and an independent testing firm, each ACAMS member receives the designation of a Certified Anti-Money Laundering Specialist (CAMS).

The ACAMS credential helps financial institutions, businesses and government agencies in finding qualified experts who are certified in the field of banking compliance.

For more information, go to www.acams.org   

Conferences and Seminars

ACAMS and Alert Global Media events

ACAMS and Alert Global Media, an independently-operating division of Fortent, offer the world's leading AML seminars and conferences. In addition to Alert Global Media's renowned International Money Laundering Conference and Exhibition held each year in Florida, ACAMS hosts the foremost regional AML events in Latin America, Europe, and, most recently, the Middle East. These events have become part of the required curriculum for the world's leading AML professionals. 

Throughout the year, ACAMS conducts numerous seminars and webinars, providing ongoing education and networking opportunities for AML professionals in over 30 countries. 

For more information go to www.moneylaundering.com or www.acams.org 

To find out more information about how Fortent's banking solutions can transform your compliance practices, click here.  

Fortent offers financial institutions of any size affordable, effective protection against financial crime. Our compliance management solutions provide banks with a streamlined process for tracking customer's accounts and recognizing suspicious activity.

Fortent stands behind each of its clients to help them remain strong against any risk of financial crimes. We continually develop our technology and software solutions to protect your financial institution's reputation.