Providing 24x7 global protection
With digitization at its peak, financial crimes and vulnerabilities through digital modes have increased exponentially, leading to an increased need to safeguard against these risks and stay compliant. While regulatory norms governed by technological advancement have helped banks and financial institutions safeguard against rising risk, an increase in dynamic workforces, AI-based digital intervention and strict governance have forced service providers to create new operating models.
HCLTech's Financial Crime Prevention (FCP) practice brings together the expertise of certified specialists, including MLRO/AML/fraud prevention experts, to deliver 24x7 global coverage and protection. By combining our deep FCP domain knowledge with advanced technology from our partner ecosystem, we help financial institutions transform FCP operations, reduce costs, mitigate risks and enhance regulatory compliance.
Empowering Businesses with Core Levers
- Flexible engagement models: Offering managed services, managed capacities and Build-Operate-Transfer models tailored to meet specific customer needs.
- Optimization and transformation: We leverage the best-in-class technologies to optimize operations, driven by strategic collaborations with our partners, fostering efficiency and compliance excellence.
- digitalCOLLEAGUE: Our comprehensive suite of AI/ML-powered digitalCOLLEAGUE automates multiple parts of the business process, serving as productivity multipliers for teams.
- Scalable models: Expertise in implementing Actimize, PEGA and Lean Adjustment Hub for seamless adaptability.
- Faster deployment: Proven agility with onshore, offshore and nearshore models, leveraging robust internal Application and Platform Services (APS) teams and partner ecosystems.
- IT-operations synergy: Our strong technology capabilities in the Financial Crime Prevention domain enable us to offer integrated services across technology and operations, empowering us to achieve joint outcomes.
Fraud Detection
- Real-time monitoring powered by behavioral analytics and ML models.
- Seamless payment/transaction screening across platforms like SWIFT and SEPA.
- Accelerated fraud triage with significantly reduced false positives.
AML and KYC Compliance
- AI-driven customer due diligence for onboarding and ongoing reviews.
- Automated workflows that integrate global sanctions, Politically Exposed Person (PEP) and adverse media checks.
- KYC transformation and remediation services leveraging advanced RegTech solutions.
Dispute and Chargeback Management
- Automated chargeback handling for faster resolution and recovery.
- Comprehensive dispute investigation from initiation to arbitration.
- Tailored solutions designed for scalability and efficiency.
Transaction Monitoring
- Advanced alert triage and Suspicious Activity Report (SAR) drafting using GenAI.
- Reduced false positives with cutting-edge behavioral analytics.
Sanctions Screening
- Optimized payment/transaction screening for sanctions exposure.
- Integration of RegTech solutions for seamless compliance.
Network Analytics
- Advanced analytics for entity resolution and a streamlined remediation of siloed customer data.
Empowering Businesses with Core Levers
Why choose HCLTech?
Flexible engagement models
Offering managed services, managed capacities and Build-Operate-Transfer models tailored to meet specific customer needs.
Optimization and transformation
We leverage the best-in-class technologies to optimize operations, driven by strategic collaborations with our partners, fostering efficiency and compliance excellence.
digitalCOLLEAGUE
Our comprehensive suite of AI/ML-powered digitalCOLLEAGUE automates multiple parts of the business process, serving as productivity multipliers for teams.
Scalable models
Expertise in implementation of industry-leading risk management frameworks and intelligent automation platforms ensuring scalability across enterprises.
Faster deployment
Proven agility with onshore, offshore and nearshore models, leveraging robust internal Application and Platform Services (APS) teams and partner ecosystems.
IT-operations synergy
Our strong technology capabilities in the Financial Crime Prevention (FCP) domain enable us to offer integrated services across technology and operations, empowering us to achieve joint outcomes.
Our Solutions
At HCLTech, we are committed to safeguarding businesses and institutions from the growing risks of financial crime. Our comprehensive suite of solutions is designed to detect, prevent and mitigate fraudulent activities, ensuring compliance with regulatory standards. With the best-in-class advanced AI technology, our tailored solutions detect patterns, flag anomalies and identify potential threats faster and more accurately than traditional methods.
- AI-driven customer due diligence for onboarding and ongoing reviews.
- Automated workflows that integrate global sanctions, Politically Exposed Person (PEP) and adverse media checks.
- KYC transformation and remediation services leveraging advanced RegTech solutions.
- Real-time monitoring powered by behavioral analytics and ML models.
- Seamless payment/transaction screening across platforms like SWIFT and SEPA.
- Accelerated fraud triage with significantly reduced false positives.
- Advanced alert triage and Suspicious Activity Report (SAR) drafting using GenAI.
- Reduced false positives with cutting-edge behavioral analytics.
- Optimized payment/transaction screening for sanctions exposure.
- Integration of RegTech solutions for seamless compliance.
- Automated chargeback handling for faster resolution and recovery.
- Comprehensive dispute investigation from initiation to arbitration.
- Tailored solutions designed for scalability and efficiency.
- Advanced analytics for entity resolution and a streamlined remediation of siloed customer data.
Case Studies
Enterprise-wide KYC transformation for improved regulatory compliance
HCLTech assisted a leading European bank in setting up global KYC platform to transform their KYC operations.
Managing credit bureau disputes and fraud control
Harnessing the power of AI for efficient dispute resolution and fraud detection
Sanction and screening services for a leading European investment bank
HCLTech transformed the global sanctions and transaction screening landscape with a robust quality assurance framework
Automating chargeback processing for a regional European bank to enhance efficiency and customer satisfaction
HCLTech addressed the complexities of chargeback management through its comprehensive automation and advanced analytics suite of solutions
Driving KYC transformation across the enterprise for a leading European bank
HCLTech empowered a leading European bank to streamline the KYC process, thus enhancing compliance and efficiency
Wir denken, dass diese Themen Sie interessieren könnten
Our Insights
Driving the ESG initiative for a multinational bank
HCLTech assisted a leading bank in aligning with the ESG guidelines by transforming their transaction ESRA assessment process
Testimonials
In the rapidly evolving banking sector, driven by customer demand for security and personalization, banks are integrating automation and generative AI to enhance operations, customer interactions and fraud prevention. HCLTech meets these demands with comprehensive banking services, utilizing AI and analytics to enhance operations and customer experience. Its proficiency in risk and compliance, combined with platforms like digitalCOLLEAGUE for employee productivity, TOSCANA© for automation and AI tools like iKNOW and iGenie, empowers it to strengthen data security and facilitate cost and productivity gains for its clients.
HCLTech continues to strengthen its position in established geographies like North America, the UK and Continental Europe while making strategic inroads into emerging markets like the MEA region. With new client wins in lending, payments, retail banking and trade finance, HCLTech demonstrates its capabilities in catering to diverse financial domains
Subscribe to the HCLTech Newsletter
for our latest news and insights