Hot-List Alert(TM) Definition
Identifies and integrates individuals and entities "of-interest" to an enterprise level, across multiple internal watch-lists, business lines, data silos and external data sources Relates obviously and non-obviously related individuals and entities of using real-time data and reporting on "hot list" hits in real-time. Provides real time alerting of any newly added or identified "hot-list" matches.
Benefits
- Integrates searches with immediate visual identification and relationship definition and alerting of any identified hot listed individual and their relationships across all corporate watch-lists including FinCen 314A; OFAC, SDN, EPLS, internal fraud and other internal and external lists.
- End user immediate, visual, ad-hoc drill down to any level of data granularity
- Creates an enterprise view of obvious and non-obviously related individuals and entities of interest across internal and external watch lists
- Accelerated and enhanced regulatory reporting
- Earlier and faster identification and quantification of emerging individual, entity risks and developing risk concentrations across the enterprise leading to lower hard dollar losses
- Enables the development, improvement and management of the organization's own internal hot list
- Reports in a visual dashboard format separating what's of interest ( the exceptions) from all the rest of the data
Features
- Real-time alerts as an additional hot-list match occurs
- Solution implements in weeks
- Iteratively improves over time
- Highly scalable
- Production tested software components
- Within firewall or SAAS
- Can be funded from operating budget rather than capital budget
- Intuitive end-user interface requrres zero training
- No center of excellence or power user required
- Relatively low cost
- Can be ported directly into your case management or workflow management applications, or we can provide one
Further Background
Increasingly in today's competitive market there is dramatic and quantifiable value in understanding relationships between threat or fraud perpetrating entities as the threat or fraud behavior is beginning to take place, as an example. Significant cost can be avoided with early identification that these behaviors are occuring or are about to occur and with focused interdiction actions. Whether a company faces losses from mortgage, appraisal or foreclosure fraud, social service frauds, online fraud, common collateral pledging fraud or health payment or services fraud these challenges are increasing today. Costs and threats are compounded when known "hot list" individuals increase their activities, start new ones or connect with other fraud perpetrators.
Yet, organizations are faced with significant impediments in addressing these challenges. Multiple source data systems, with multiple metadata definitions and customer, supplier, vendor or partner identifiers, increasingly sophisticated fraud and threat perpetrators, legacy data management systems, such as multiple enterprise data warehouses updated only once a month and inflexible business intelligence reporting tools requiring significant formal query development and scarce center of excellence resource time to build the needed reporting.
The Solution
Centauri Partners' Real-time Hot List Alerting(TM) Solution provides a robust, quickly implemented, real time Hot List Alerting Solution that, upon a factual change in any of the relevant underlying hot listed relationship characteristics, data or account behaviors, alerts in real-time to a web based visual insight center.
The Solution is quickly implementable with a first iteration up and running in weeks providing customizable real time alerting.
Please contact us for more information or a live demonstration.
(C) 2010, 2011 All Rights Reserved, Centauri Partners LLC
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