15+proprietary screening engines
150+transaction monitoring scenarios
TrackWizz Anti Money Laundering suite is a software solution specially designed for:
The solution consists of major components of AML which are Screening, Risk Rating, Transaction Monitoring and Regulatory Reporting.
The components are available as different modules that help to meet the compliance of Prevention of Money Laundering Act 2002 (PMLA) and similar anti money laundering regulations.
(Risk categorization with CDD and EDD)
(Alerts for financial & non financial transactions)
(SAR, STR to FIU)
(KYC refresh/ ReKYC & event driven reviews)
Subject matter expertsIndustry experienced team members, specializing in and certified in compliance. They ensure timely delivery of regulatory requirements
Power of oneMultiple solutions in one software suite that saves the cost of infrastructure, integration and operations while eliminating risk of data movement between systems
Self-evolving like humansNew updated versions released for free on a quarterly basis with changes made based on regulatory needs or suggestions by 150+ customers
Mature platform & smooth liveOut of the box product with matured roll out plan allows a very short time to market
API + integration readyA plug & play model with API available for 100% of its features, as well as file and database integration options
Heavy and lightSophisticatedly engineered software equipped to handle scale, at the same time light on pocket with a pay-per-use option
We have been using TrackWizz offered by TSS for our compliance-related activities for the past few years. With the help of TrackWizz, we've been able to effectively manage all our regulatory AML related requirements easily, even as we continue to scale at a fast pace. The tools offered on TrackWizz are top of the line. Additionally, the team at TrackWizz has been extremely accommodative in understanding our business-specific requirements and customizing solutions to match them.
The TrackWizz Risk Rating and Periodical Review solution provides us with the ability to systematically risk rate our clients in accordance with our risk rating methodology. The solution converts a complex set of requirements into a simple and intuitive risk rating process that enables us to focus our energy and resources on those clients that pose a higher money-laundering or terrorist financing risk to our organisation. The solution is the essential component of our risk based approach and smoothly integrates with our solutions ecosystem. In our experience the solution is stable and we are expertly supported by TSS to address any improvement or enhancement requirements. A true game changer if you are dealing with large volumes of clients and have limited resources available.
The TrackWizz Transaction Monitoring solution allowed us to significantly improve the efficacy and robustness of our transaction monitoring programme. The solution includes an intuitive workflow that allows users to collaborate seamlessly when reviewing transactions that are potentially suspicious or unusual. With the help of TSS, we were able to customise transaction monitoring rules that is specific to the transactional behaviour of our clients. This ensures fewer false positives and frees up resources to focus on those transactions that is indicative of reportable behaviour. The solution further allows a fully auditable workflow which provides much needed ease of mind to AML/CFT Compliance Officers.
Over the last 7 years, our relationship with TrackWizz has been growing. It began with Anti Money Laundering and we use now more than 7 modules in areas of insider trading and KYC. Their approach of continuously improving the solution in this ever-changing landscape of financial services is their biggest strength. The integration of modules in a single software has also helped to achieve savings of cost and resources.
TrackWizz is a genuine partner for our compliance and operations requirements.
We can additionally help you in
insider trading compliance if you are listed company with our Employee Trade Tracking solution.
Onboarding solution for corporates and premium individual customers with our Customer Onboarding solution