Banking And Financial Sector offering
Financial cyber-security protection
Increase the level of security and prevent financial cyber-attacks before they happen
Challenge
Crimes such as fraud or money laundering have been steadily increasing throughout the years; this is a substantial problem for any organization offering financial services. The situation has been exacerbated as financial institutions struggle to keep up with the high costs of operation, low data quality, poor compliance programs, high number of false alerts, and inability to meet service-level agreements. On top of those issues, the COVID 19 emergency has changed the way clients perform transactions, and these changes are still not done developing.
ProweSolution Response
Whether for a traditional financial service company or a non-banking institution, ProweSolution provides the means to automate repetitive tasks, engage the client, and lead them to the sale. At the same time, there needs to be financial crimes compliance and cyber security systems put in place to safeguard the whole process.
ProweSolution’s services include:
- Consulting services regarding changes in regulation, industry-wide technology upgrades and trends, risk assessments, automation, and product evaluation.
- Best Practice Development strategy using the latest technologies such as AI, machine learning, data mining, and more. These systems are put in place to expand company operations and ensure detection, prevention, and reporting mechanisms against financial crime.
- Data Analytics Implementation for accurate client profiles and risk assessment facilitaion. These things can also be very beneficial while helping non-banking institutions with digital onboarding.
- Robotic Process Automation (RPA) tools help our clients be vigilant of any threats, and it also helps them cooperate with the financial crimes enforcement network (FinCEN).
Advantages of using ProweSolution
ProweSolution’s services are built on up-to-date industry-standard best practices. Some of the benefits an organization can expect from working with us are:
- Development of an efficient financial crimes prevention strategy and regulatory updates
- Acceleration of product delivery to increase customer satisfaction
- Systems to generate the initial lead, conversion to sale, and retention of clients
- Improvement of productivity of sales team and production process
- Improvement of productivity of sales team and production process
- Alliance with Financial Technology partners to calibrate on best practices and business methods
