Language change icon for desktop
English  |  Dutch  |  French

What’s Going on in the World of Transaction Monitoring?

Authored by: Bas Uildriks, Consultant and Transaction Monitoring Expert, Synechron, The Netherlands

Transaction Monitoring (TM) is an important weapon in your fight against Financial Crime. After seeing dozens of implementations of TM systems, varying from good to adequate to a fear mongering 1000-false-positives-per-daygenerating-machine, I would like to touch on a couple of insights.

There are multiple best practices and bad practices. For example, the assumption that using a smaller number of scenarios or rules will result in a reduced number of alerts (simply a false assumption and a bad practice). But there are techniques which actually contribute to lowering false positives, like applying peer grouping in your customer groups, and creating backstop rules -- but only with a proper data analytics process to support this.


Enter your details below to read the full article here.


Enter your details to download this article for free.

Enter the characters shown in the image.


Synechron, Inc. and/or its affiliates and group companies takes your privacy seriously. By providing your information, you are signing up to receive information about Synechron services and related marketing. Your personal data will be protected in accordance with Synechron's Privacy Policy. By filling out this form, you are giving Synechron your consent so that we may communicate relevant information to you via email, telephone, invitations, and other digital notifications. If at any time you would like to withdraw your consent or update your profile and preferences, you can do so by clicking here or by contacting us directly.