Valenta BPO Canada > Outsourcing > Financial crime

Financial Crime Compliance

Enhance your operational efficiencies, processes and compliance

Like everything else around us, financial services too have leveraged digital platforms and the number of online transactions is rapidly increasing. While this change is welcome for the ease it offers, it has also increased the instances of the threat of digital crime. 

Businesses in finance have certain checks and balances towards countering these threats and ensuring the security of transactions. Institutions have initiatives such as KYC (Know Your Customer) and AML (Anti-Money Laundering).

Financial institutions fight for ‘genuine customers’ with newer, competitors who are more tech friendly, resulting in a reduction in profit margins. The AML and KYC initiatives are being reinforced, with more stringent rules for non-compliance in place.

At Valenta, we have a proven track record in defining, implementing and operating AML and KYC initiatives for reputed financial institutions. Our clients include several names on the Fortune 500 list, and we help them enhance their operational efficiency while being compliant.

We have on board, Austrac authorised professionals, with 20+ years of experience.  We also have experts on financial crime, tech specialists, and legal professionals working together to ensure your organisation is updated with industry standard systems, procedures, and compliance related checks.

Valenta's Financial Crime Compliance Solutions

Client Lifecycle Management (CLM)

We help financial organisations build their client lifecycle operations for better client satisfaction and reduced risk of the operation.

Transformation and process standardization

We design models for process standardisation, transition, and enterprise level transformations. We analyse data streams received from across various geographies, evaluate existing processes and workflows, define standards, and develop technology solutions that enhance efficiency across the enterprise.

Know Your Customer (KYC) services

We embed exhaustive due diligence processes in our KYC model to assist financial institutions in client on-boarding. We ensure clients have easy access to information on due diligence to meet mandatory requirements.

AML Center of Excellence (CoE)

We have the expertise to design, set up, and manage Centres of Excellence and also assist enterprises in upgrading their existing AML COEs and global AML operations. We have designed and set up CoEs for clients across verticals.

AML Center of Excellence (CoE)

We have the expertise to design, set up, and manage Centres of Excellence and also assist enterprises in upgrading their existing AML COEs and global AML operations. We have designed and set up CoEs for clients across verticals.

Alert remediation services

To assess and validate transactions, we conduct screening tasks including PEP (Politically Exposed Person) screening, and sanction screening. This helps us inspect and evaluate transactions between the countries of operation, and the establishment sanctioned. We deploy proven screening methodologies and evaluate alerts to identify and block false alerts.

Technology services

We have established strong relationships with leading names in technology to deploy integrated AML lifecycle management. We conduct analysis to recognise data gaps that enable us to recover missing data, define extracts, transform and then load (ETL) architecture. Our ETL services are backed by SLAs (Service Level Agreements) support.

Management fraud

We offer our expertise to financial institutions in fraud prevention and monitoring. We have a proven track record in predictive modelling and neural network technology, and the ability to strategically analyse the situation, backed by a sound understanding of fraudulent behaviour.

Why Valenta's Financial Crime?

Financial crime is fast emerging as one of the biggest challenges faced by financial institutions and policymakers. The crime is difficult to detect, trace and unravel, as it involves activities in unfriendly geographies and complex online systems. It also uses advanced technologies to cover the footprints of illegal transactions. At Valenta, we have a team of specialists with a good understanding of the modus operandi in such activities, the tools used, and how best such crimes can be prevented. We engage with domain specialists to offer customers the best of solutions, making sure their digital presence is profitable and safe for both themselves and their clients.

Dedicated Team Members

We will allocate a dedicated team member and reporting manager to your business. Our reporting managers  oversee quality and service delivery.

No Lock-in Contracts

Our contracts are simple with no lock-in terms.

ISO Certification

We are ISO 9001 certified for Quality Management Systems and ISO 27001 certified for Information Security.

Customized Solutions

At Valenta BPO we understand that every business is different. We can customize an outsourcing or captive solution to meet your requirements.

Peace of Mind with Valenta BPO

24x7 Support

We have a global presence with offices in Australia, UK, and US, backed by well-staffed delivery centres in Bangalore, Vizag, Ahmadabad and Mohali in India, and Penang in Malaysia enabling us to support you 24×7.

Local Consultants

We have a team of Local Consultants in the US who will provide the support and guidance you need to improve your business efficiencies and drive growth. Having a strong local presence allows us to provide the best business solutions for you as we understand the local business landscape.

Up to 60% Cost Saving

On average, our Valenta BPO clients' report a cost saving of up to 60% by outsourcing key services. Furthermore, recent survey's show that our client's do not believe they are compromising on the quality of outcomes, and are achieving business growth faster than otherwise would be possible.

Flexible Engagements

We design solutions to meet specific client requirements and offer flexible engagement models. Our resources can be engaged full-time, part-time, or on a transactional basis.

What do our client's say?

  • Since engaging Valenta, we’ve been able to take on a much higher work load. We’ve been able to bring someone into the team for a lower cost, but without compromising on that quality of work. Outsourcing has been a great solution compared to hiring somebody locally. It’s a lot more cost effective and it’s easy to do.

    Natalie Gillies and Clare Harding
    Arthur J Gallagher
  • Valenta has been great, because it allows us to expand and contract our operations, depending on the time of the year, very effortlessly and inexpensively. It’s allowed us to make decisions that we know we can scale quickly on because we know that Jayesh and the Valenta team will be there for us.

    John Pollock
    Financial Gravity

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