TrackWizz Transaction Monitoring is verifying the customer’s transactions including assessing historical/current customer information and interactions to detect money laundering and terrorism financing, or for surveillance purposes. It is one of the key activities of an anti-money laundering compliance program.
Features & Options
Subject matter experts
Typology/alert repository
Simulation engine
Add modules
Risk based approach
One view
Benefits
Single click SAR/STR batch generation
100+ reports
External alert integration
Notifications & escalation manager
Adverse media integration
Financial estimation
Facilitates FIU reporting by generating ready to upload files
Industry accepted readily available reports save efforts of creating custom reports
Provision to add human and other system generated alerts resulting in a single repository of alerts
Timely and right stakeholder communication leads to faster decision making
Empowers enhanced due diligence
Allows logic based financial size mapping. resulting in reduction of false positives
Company Details
Company : TSS Consultancy Private Limited
Headquarters : Kamala Mills Compound, 602/603, Trade link, E wing, A block, Lower Parel, Mumbai, Maharashtra 400013
Date Founded: 11-05-2005
No. of employees: 550+
Product Integration & Delivery
| Platforms | Type of Training | Customer Support | 5 major Clients/ Industries where solutions have been implemented |
|---|---|---|---|
| Web based - SAAS/Onpremise | Documentation | Phone Support | |
| Online | Email support | ||
| Inperson | Inperson |
Other Products & Solutions Offered
| Product | Description |
|---|---|
 | TrackWizz Screening helps financial institutions execute sanctions checks, commonly called name screening or watchlist monitoring. The solution can be combined with TrackWizz provided data feeds and is compatible with global data provider feeds with a provision to use in-house feeds as well. |
 | TrackWizz Risk Rating helps in risk rating customers to - low, medium & high, or a risk categorization as per internal organization policy. It covers enhanced due diligence (EDD) along with periodical and event-based reviews. Enhanced KYC Refresh (Re KYC) module facilitates digital and physical recertification of information for individuals and entities. |
 | TrackWizz CKYC helps organizations to achieve growth in business by simplifying the customer onboarding journey along with compliance of regulatory requirements of Central KYC Registry (CKYCR) managed by Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) under Prevention of Money Laundering Act. |