Oracle Mantas Anti Money Laundering

WHY ORACLE

ORACLE MANTAS IS A GLOBAL LEADER

As the global financial services community faces unprecedented levels of risk, few areas have seen higher levels of activity and regulatory focus than money laundering and counter-terrorist financing (CTF). As the adoption of Anti Money Laundering (AML) and CTF laws and regulations grows globally, financial institutions are increasingly being viewed as the first line of defense against money laundering.

Oracle Mantas Anti Money Laundering provides an enterprise platform enabling efficient detection, investigation and reporting of suspected money laundering and terrorist financing activity. As a result financial institutions can achieve compliance with both local and global AML/CTF regulations with a more transparent view of financial activity and customer risk, all delivered through a streamlined investigation process and at reduced costs to the institution.

The Oracle Mantas Behavior Detection Platform delivers the most complete financial crime and compliance management process oversight by integrating all key dimensions including detection, prevention, investigation, and resolution across multiple channels, jurisdictions, lines of businesses, and customer life-cycle stages.

Oracle Mantas Anti Money Laundering is available as a part of the Oracle Financial Services Analytical Applications offering.

Oracle Mantas enables financial institutions to reduce false positives, achieve quicker time-to-compliance, and improve their audit cycles.

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PRODUCT DESCRIPTION

Oracle Mantas Anti-Money Laundering, the award-winning “gold standard“ in AML solutions, provides automated, comprehensive, and consistent surveillance of all accounts, customers, correspondents, and third parties in transactions across all business lines. The solution allows organizations such as banks, brokerage firms, and insurance companies to monitor customer transactions daily, using customer historical information and account profiles to provide a holistic view of all transactions and activities. It also allows organizations to comply with national and international regulatory mandates using an enhanced level of internal controls and governance.

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ORACLE MANTAS ANTI MONEY LAUNDERING DELIVERS

Enterprise-wide monitoring, investigations, and reporting for suspicious activities
Industry-leading, comprehensive behavior detection library provides scenario coverage for areas such as:
- High risk geographies and entities
- Hidden relationships
- Behavior anomalies that could be indicative of suspicious activity
- Structuring to avoid reporting thresholds; other significant transactions
- Institutional AML
- Insurance AML
- Customized thresholds and risk scoring to help reduce false positives and focus investigators on the most urgent and actionable alerts and cases
- Robust case management system that streamlines analysis and resolution by placing business data and historical information into an organizational risk context
Focus investigations to reduce and prevent fraud losses: intelligently focus investigators on the most urgent and actionable fraud alerts and cases
Maximize customer trust and reduce reputational risk: meet and exceed emerging regulations, guidelines, and customer expectations

FINANCIAL INSTITUTIONS CAN ACHIEVE THESE BENEFITS

Efficiently detect, investigate and report suspected money laundering activity in order to comply with current and future regulations
Provide regulators and key stakeholders with a comprehensive view of financial activity and customer risk in order to transparently detect and investigate potential money laundering behavior
Reduce compliance costs through sophisticated detection and streamlined investigations
Save time, reduce staff costs, and efficiently manage risk by isolating unusual behaviors and reducing false positive alerts
Full compliance with national and international regulations, guidelines and best practices