AUSTIN,
Texas, July 8, 2024 /PRNewswire/ -- RiskScout, a
financial regulation technology company, is excited to announce its
comprehensive BSA/AML solution designed to help financial
institutions grow more efficiently and profitably while keeping
their communities safe from financial crime. This innovative suite
streamlines BSA compliance tasks and reduces costs, while unlocking
new revenue streams for community banks and credit unions.
"While financial crime is growing faster than ever, financial
institutions have had to deal with outdated technology, unnecessary
complexity, and expensive renewals from legacy providers," said
RiskScout Co-Founder and CEO Justin
Fischer. "RiskScout has taken direct market feedback and
developed innovative tools that fit financial institutions of all
sizes so they can focus on serving their communities."
Key Features of RiskScout's BSA/AML Solution:
- Tailored Transaction Monitoring: Customize your
rules-based system and adjust alert thresholds to align with your
unique customer/member risk profile.
- User-Friendly System: Designed by BSA professionals for
BSA professionals, our platform is intuitive and easy to
understand.
- Rapid Efficiency Gains: Achieve efficiencies within days
of contract signing, eliminating months of waiting for a return on
investment.
- Real-Time Communication and Collection: Don't rely on
the front line and unanswered emails for document collection and
case investigation - communicate securely with customers &
members for faster resolutions and documented evidence.
- Market Expansion: Grow your deposits by working in
new and underserved markets while feeling confident with your risk
management.
- Integrated KYC/KYB: Scan for sanctions, watchlists,
adverse media, business structure, and licensing with automated
ongoing monitoring and onboarding assistance.
"I know that RiskScout's BSA/AML solution will be triumphant,
since the creation comes from masters in the field and the feedback
from us bankers," said Sharon
Sabatino, SVP Compliance Officer at WestTown Bank &
Trust. "Say goodbye to the 'one size fits all' canned systems and
hello gorgeous, where have you been all my banking life!"
For more information about RiskScout's BSA/AML solution or to
see it demonstrated, visit www.riskscout.com or contact our
team at sales@riskscout.com.
About RiskScout
RiskScout is a team of former bank examiners, BSA professionals,
and fintech developers helping financial institutions grow and be
more efficient and profitable. Through a full BSA/AML suite and
specialized market tools, RiskScout's solutions increase revenue
and decrease compliance costs by unlocking new deposit streams and
automating BSA workflows.
Media Contact:
Ethan Kratt
Director of Marketing
ekratt@riskscout.com
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SOURCE RiskScout