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Overview

FinCraftTM AML solution helps Banks and other Financial Institutions to comply with RBI guidelines on the anti-money laundering activities.

Solution Architecture

Fincraft AML Solutions Architecture

Key Features

Enterprise Integration

  • File based integration (file uploads, folder scan)
  • Enterprise Database Integration
  • Other Enterprise System Integration
  • Data Archival
  • Data Pre Processing (De-dupe, enrichment etc)
  • Real time Swift Message Data Fetcher Engine
  • Downstream Integration

Watch List Management (Name Screening Module)

  • Watch List Management (UN List, OFAC, OSIC, PEP, Bank's internal black & white list etc)
  • Bank Specific Watch List Management (White & Black List)
  • Manual Entries addition until the next update OR forever to the National/International watch lists provided by the respective voluntary/regulatory bodies incase of any information through flash news or other medium.
  • Audit & Trial reports

Know Your Customer (Pre-KYC, KYC & RE-KYC)

  • Name screening of New and Existing customers against Watch Lists
  • Unique Customer Identification Code (UCIC) compliance
  • Creating single view of the customer, Legal entity – self, household, common address
  • Re-KYC reports based on customer risk categorizations
  • Pre-KYC suggestive customer self-accounts and family accounts

Risk Management

  • Risk-based assessment & Entity specific customer and transactional profile
  • Risk-based assessment & profiling of its customer base on KYC data, internal watch list, Foreign Black lists, FIU-Lists
  • Risk Management UI

Monitoring & Surveillance

  • AML Engine
  • Alerts Management
  • Real Time SWIFT MESSAGE Name Screening - Beneficiary Name, location and country name screening using various watch lists
  • Integrated Alert & Case Management: Standard (Alert & Case assignment, closing and disclosure)
  • Integrated Alert & Case Management: Advanced (Transactional behavior analysis, Relational Topology, Transactional behavior Topology, Historical Model Topology- Daily, monthly, yearly)
  • Escalation Management
  • Role Based Access Control
  • Workflow: Maker/Checker
  • Auto learning based on policy based user feedback

Information Management & Reporting

  • Standard Reports
  • Custom Dashboards
  • Regulatory Reports:-
    • CCR
    • STR, CTR, NTR: behavior
    • STR, CTR: Logical Entity: Self, House holding, Common Address
    • STR: Routing, Layering
  • Timeline event based document management
  • Scheduled Reports
  • Audit & Trial Reporting

Marquee Clients

  • The Nainital Bank Ltd
  • Capital Local Area Bank

CLIENT SPEAK

  • CBS

    “The Bank is associated with M/S Nelito since 2002. M/S Nelito Systems Ltd has been our CBS vendor since 2009. The Products, quality of service offered by them are excellent. They have a very good support team and are trained enough for handling any type of situation.”

    D K Kandpal | Vice President (IT)

    Nainital Bank
  • MIS ADF

    “Good & Co-operative.”

    Ronniee Gupta | DGM

    UCO Bank
  • CBS

    “We appreciate your local team who continuously supported & assisted our team to meet the goal.”

    Nagendra Nath Sinha | Principal Secretary IT

    Government of Jharkhand, Ranchi
  • CBS

    Knowledge and service provided to the bank is beyond expectation. And we would definitely engage and recommend solution to others .

    Rachelle F. Rivas | IT Project Manager (Senior Manager)

    Bank of the Philippine Islands (BPI)
  • CBS

    • As Vendor strict adherence to process & procedures
    • Risk Mitigants in Place
    • Flexible to customer requirements

    Dinesh Negi | VP (Clg)

    DCB Bank Ltd
  • Custom Application Development testimonial

    Bank has implemented CBS of Nelito Ltd in the year 2008-09 in phase manner. Also integrated RTGS/NEFT, CTS, MMS etc which help us in smooth automation of banking operation.

    K.T. Wadia | CEO

    The Sutex Co-op bank Ltd
  • CBS

    Experience during development of Rating Engine Module has been good in the context of commitment to meet timelines & lot of hard work has been put by Nelito's team.

    Ashuthsoh Satsangi | VP-Operations

    SMERA
  • CBS

    Everything was successfully implemented and tested. The implementation was professionally done in a very efficient and cooperative manner. Migration was very smooth.

    Frithjof Ramb | Vice President

    SBI- Frankfurt, Germany
  • CBS

    Nelito and its team has always been supportive and efficient in achieving the tasks set up by the Dept. Apps developed by the software engineers for the Public Health Dept have proved to be excellent among the top competitors and have been acclaimed for its effective service delivery to the end user at the grass root level which is the foremost object of any Govt organization. Many thanks for the sincere efforts.

    Sanjay Kamlakar | Under Secretary to GoM

    Govt of Maharashtra