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Although the banking industry is on firmer ground, the regulatory environment remains complex and banks are facing higher regulatory scrutiny even as they are fighting against increased technology-related risks and integrating ethics and governance into their operations.
KnomAI helps banks comply with new and evolving regulations in a highly efficient manner and respond to regulatory oversight with transparent end-to-end Workflows enabling the integration of risk and control within their operations.
Build Your Solutions
Here are some areas where KnomAI can easily build workflows and tailor them to your specific needs.
AML/KYC Exceptions Management
Manage exceptions flagged by your fraud detection tools by automating your case-based solutions for enterprise-wide, auditable consistency.
Regulatory Scoping and Complaince
Determine applicability of regulations and associated reporting requirements and governance structure.
Create consistent regulatory reports for regulators storing comprehensive information and documentation from multiple-source data.
Ensure monitoring of cybersecurity events to comply with notification requirements and create auditable reports for management.
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NYSDFS Cybersecurity Requirements For Financial Services Companies