Protiviti: Optimising Transaction Monitoring Operations through Process Mining and Intelligent Automation

European Regulators in the United Kingdom and the Netherlands continue to take enforcement actions, including significant regulatory fines and criminal prosecution, against regulated financial institutions for failing to maintain effective anti-money laundering (AML) controls during the client lifecycle management process. With the increasing costs of compliance, financial institutions must improve the effectiveness and the efficiency of their processes, if they are to avoid regulatory censure and maintain sustainable operations able to adapt to regulatory and market trends. Learn how Protiviti uses Celonis’ Execution Management System (EMS) to discover, measure and enhance the transaction monitoring alert review process to improve productivity, reduce operational costs and increase the quality of alert review investigations. Combining their risk and compliance expertise with the power of process mining and automation, Protiviti and Celonis can help you:

• Decrease case processing time though intelligent automation

• Reduce the number of false positives reviewed using pattern matching

• Mitigate the risk of control breaches by monitoring the training needs of staff in real-time

• Optimise AML resources by using predictive analytics to proactively manage operational challenges

Join us to find out how Protiviti are using the latest technology to enable financial institutions to optimise transaction monitoring alert reviews and other AML/CTF processes and face the future with confidence.