Case Study

Selection and implementation of new transaction monitoring system for mid-sized regional bank

A mid-sized regional bank required assistance with the selection of a new transaction monitoring system and needed assistance with selecting a software vendor, scenario selection, setting thresholds, and developing workflow processes. AML RightSource served as the bank’s project manager through vendor selection and implementation. Additionally, AML RightSource completed a threshold testing and tuning cycle enabling the bank to accurately set criteria at which alerts would be generated. AML RightSource also provided detailed documentation for the transaction monitoring software model validation process for the bank’s third-party auditor.