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New “Risk Watch” video explains how credit unions can optimize anti-money laundering systems

FREDERICK, MD (May 22, 2014) –– AffirmX, the leading compliance solutions provider formerly known as NeighborBench, and its sister company AdvisX are continuing to help financial institutions manage compliance more effectively through their “Risk Watch” video series. In Risk Watch 11 “The Waterfall: The Key to Optimizing Your AML System,” AdvisX Analyst Cody Knudsen explains how to decrease unnecessary AML alerts and optimize your monitoring system.

In the video, Knudsen walks viewers through the steps of tracking alerts through the investigate process via a “waterfall analysis,” which institutions can use to streamline their AML system. Such an analysis can reduce unnecessary noise by pinpointing which rules may need to be adjusted.

“Our team of experts is constantly looking for new ways to help financial institutions proactively address compliance challenges,” said Ken Wolff, CEO of AffirmX. “We’re pleased to provide educational resources such as the ‘Risk Watch’ video series.”

AffirmX provides automated risk intelligence solutions that help financial services institutions reduce risk management workloads, anxieties and costs. The AffirmX Risk Intel Center delivers accurate risk intelligence based on expert review of internal and external data sources through a query-based workflow engine. AffirmX enables clients to spend less time searching for issues and more time proactively remediating and mitigating risks so that they can focus on their core business.

Subscribe to www.riskinbox.com for email updates on what’s hot right now in compliance & risk for credit unions & banks. For more information on our unique compliance solutions and consulting services, visit affirmx.com or advisx.com.

 

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