News Feed

What is Cross-Institutional Analysis?

Thu, Jul 30, 2015

Columbia, Maryland

Enabled by the Verafin Cloud, FRAMLx expands the limited view of a single institution using advanced cross-institutional analysis on billions of transactions.

This analysis detects patterns of activity across two or more financial institutions (FIs) and helps identify potential suspicious activity, which might otherwise be missed by a single institution. When suspicious activity is detected across institutions, FRAMLx facilitates information sharing with safe harbor protection under Section 314(b) of the USA PATRIOT Act. While your FI has the people, processes, and technology in place to see what is going on at your FI, you may be limited by your data and customer view. You need better tools to know whether customer activity extends beyond your institution. FRAMLx can help you detect the criminals breaking up their activity across institutions, as well as groups of people working together to commit crime. Using cross-institutional analysis, information sharing, and the Verafin Cloud, FRAMLx allows you to stay a step ahead of evolving financial crime.

Learn more here.