Financial Information Compliance
With the growing regulatory demand for information compliance
particularly in banking and financial sectors, evision has partnered with
world-class providers to ensure the handling of transactions and regulatory
reporting is compliant to worldwide regulations, namely Basel II, Payment
Card Industry Data Security Standards (PCI DSS) and Sarbanes Oxley (SOX).
Banking financial information risks
include:
Internal fraud.
This includes misreporting of positions, employee theft and insider trading.
Evision provides a bank wide automated
reconciliation solution that highlights
discrepancies in bank front operation with back office trade settlements.
In addition, evision provides a dynamic reporting tool to support, control and manage core risk management processes.
Non regulatory practices. This
includes fiduciary breaches, improper trading activities,
and money laundering. Evision provides
a powerful real time AML
filtering solution to facilitate
compliance with national and international regulations by eliminating the
risk of processing illegal transactions and detecting high-risk financial
customers.
This will comply with embargoes and reinforced regulations on terrorism and
illegal trafficking thus avoiding losses, fines and reputation damages.
Operations errors. Evision
provides automated straight through processing (STP) of
bank-to-bank transactions by transforming, fixing and enriching rejected
payment and securities messages.
The bank or financial institution benefits from electronics systems for payment
and securities thus improving customer service and reducing costs of operations
errors.
More information:
Automated reconciliation solution [+]
AML filtering solution [+]
Straight Through Processing STP factory PDF download [+]
