Question 1

What are the core capabilities included in Actimize AML Core?

Accepted Answer

Actimize AML Core includes essential AML functionalities such as transaction monitoring, sanctions screening, customer due diligence, and suspicious activity reporting, all pre-configured for regional and community banks.

Question 2

How does Actimize AML Core help with regulatory compliance?

Accepted Answer

The solution is designed to help financial institutions meet AML regulations like the Bank Secrecy Act (BSA) and USA PATRIOT Act by providing tools for identifying and reporting suspicious activity.

Question 3

What is the typical implementation timeline for Actimize AML Core?

Accepted Answer

Actimize AML Core is designed for rapid deployment, with implementation timelines typically ranging from a few weeks to a few months, depending on the complexity of the institution’s existing infrastructure.

Question 4

Is Actimize AML Core customizable to fit specific bank needs?

Accepted Answer

While Actimize AML Core is a pre-packaged solution, it offers configuration options to tailor the system to specific risk profiles and operational requirements.

Question 5

What kind of training and support does Actimize provide?

Accepted Answer

Actimize offers comprehensive training programs, detailed documentation, and dedicated customer support to ensure successful implementation and ongoing operation of the AML Core solution.

Question 6

How does Actimize AML Core handle large volumes of transaction data?

Accepted Answer

The platform is built to handle large transaction volumes efficiently, utilizing advanced data processing and analytics capabilities to identify potential risks.

Question 7

Does Actimize AML Core integrate with existing banking systems?

Accepted Answer

Yes, Actimize AML Core is designed to integrate with core banking systems and other relevant data sources to provide a holistic view of customer activity.

Actimize Platform

Description

Use Cases

Key Features

Made For

Industries

Customer Segments

Supported Platforms

Pros

Cons

No reviews yet

Frequently Asked Questions