FINANCIAL MONITORING

The financial monitoring (FM) subsystem of CBS B2
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FINANCIAL MONITORING

The subsystem ensures automation of the bank's financial monitoring process to prevent the legalization of proceeds from crime.

The subsystem allows:

  • Automate the process of identifying suspicious financial transactions according to pre-set selection rules.
  • Automate filling in data on participants in a financial transaction based on templates.
  • Monitor the correctness and completeness of filling in the details of financial monitoring transactions.
  • Execute file exchange with the relevant government agencies (formation and receipt of files, receipt processing, imposition of an EDS).
  • Identify clients, maintain client questionnaires in electronic form.
  • Automate the risk calculation process based on the total number of points for the relevant indicators.
    • Work with the following blacklists:
    • List of persons associated with terrorist activities;
    • The bank's own list;
    • The National Security and Defense Council list;
    • The list of public figures;
    • The WORLD-CHECK list;
    • The OFAC (Office of Foreign Assets Control SDN and Blocked Persons) list;
    • The "EU list";
    • The list of "Countries of FM control";
    • The list of "Persons with a negative reputation".
  • Perform a search for a match with the data of the blacklists by the details of the client, document, SWIFT message.
  • Perform control to prohibit the transaction until the check is performed against the blacklists.
  • Conduct a quarterly analysis of the clients' activities.
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ADDITIONAL FM FUNCTIONALITY

ANALYSIS OF CLIENT LISTS FOR FINANCIAL MONITORING

The subsystem ensures the formation of client lists according to pre-set criteria. The lists are generated for different types of analysis within the framework of internal financial monitoring.

 

CHECKING PAYMENTS OF THE POPULATION BY THE FM LISTS

The subsystem ensures the formation of lists of clients according to pre-set criteria. The lists are generated for different types of analysis within the framework of internal financial monitoring.

 

API CHECKS BY FM LISTS

The subsystem ensures the verification of payment details and clients from external systems by the financial monitoring lists.

 

INDICATORS OF SUSPICION

The subsystem is designed to configure, detect and analyze indicators of client suspicion.

Other subsystems of CBS B2
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The successful launch of the CBS B2 marks an important milestone for our Bank. Achieving a seamless, one-time transition sets a new benchmark for efficiency and innovation in banking. We deeply appreciate CS Company’s dedicated team for their commitment and relentless effort in this project’s success. We are excited for continued partnership and driving further advancements in our transformation journey
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Mihail Iovu
Chief Operations Officer, Moldindconbank
OTP Bank has been successfully collaborating with CS for over 15 years. During this time, a number of key projects have been implemented, including the development of reporting for the National Bank of Ukraine, the B2 operational system, a data warehouse, and internet banking for corporate clients. We highly value CS’s ability to offer comprehensive and integrated solutions, which have enabled us to automate end-to-end processes and significantly enhance our level of digitalization. We especially appreciate the flexibility and personalized approach of the CS team, which allows us to tailor technologies to our business needs and build a true partnership.
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Liliya Lazepko
Member of the Management Board, OTP Bank Ukraine
The new CFRONT platform is enabling GLOBUS BANK to confidently break into the retail lending market. Thanks to our partners at CS, the entire process now takes just minutes - only 1 minute for approval decisions and 10 minutes to complete all necessary loan documentation. Our customers and partners are going to love this efficiency. With such a powerful and user-friendly system as CFRONT, GLOBUS Bank has set ambitious goals for its expansion in the retail lending market.
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Olena Dmitrieva
First Deputy Chair of the Management Board, GLOBUS BANK

Undoubtedly, creating mobile banking is a combination of functionality, simplicity, and aesthetics. We are now seeing that our joint efforts with the development team are receiving positive feedback and show good user engagement dynamics. Bank Lviv fully supports open and transparent communication with clients: we share their needs and focus on the relevance of functionality

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Tamar Tkhelidze
Deputy CEO, Lviv Bank
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