Real-Time Fraud Monitoring and AML Compliance for a UK Payment Provider

Situación

A UK-based Payment Institution processing 3 million transactions annually in real-time, worldwide, multi-currency payments. To comply with the FCA and PRA, payment providers need real-time fraud monitoring, AML, reporting, and transaction scoring in place.

Desafío

• Real-time AML and fraud scoring
• Reports to the regulator

Acción

Rules. UMCA mapped the databases within the client’s system and migrated the legacy rules into UMCA’s solution.

AI & Algorithms. Transactions were synchronized with UMCA’s platform and AI was trained on past transactions.

Assurance. The legacy solution and UMCA worked in parallel for 3 months, during which UMCA’s system had a response time of less than 40 ms per transaction. In month 4 the legacy solution was decommissioned and fully replaced.

Resultado

Todo regulatory obligations were met, and the visibility and fraud prevention of the client was enhanced.