The increasing sophistication of financial crime, a sharper focus on money laundering by regulators, and heightened security concerns across the banking industry are driving the demand for more advanced anti-financial crime tools. CGI HotScan360 meets this demand by delivering integrated, intelligent and real time anti-money laundering, customer due diligence and fraud detection capabilities.

In today’s digital world, billions of financial transactions take place each day and ensuring each is legitimate is an overwhelming task. Until recently, banks that manage transactions have relied on multiple solutions to cover different aspects of protection and have been constrained by legacy batch processing. However, as digitalization increases the volume and speed of transactions, banks are looking for a single, end-to-end solution that handles these transactions holistically and in real time.

Developed in close collaboration with major banks, CGI HotScan360 addresses these challenges by providing an innovative, high-performance technology platform with a real-time risk engine for scanning and scoring thousands of transactions per second. The engine uses the latest in machine learning, advanced analytics and automation and is highly scalable to meet future transaction volumes. In addition, CGI HotScan360 is a modular solution that allows banks to integrate certain modules with other systems or omit them, as necessary. The solution also complies with the latest and upcoming regulations such as PSD2, GDPR and SEPA instant payment requirements.

“Financial crime is increasingly sophisticated, and new technologies enable criminals to replicate fraud across the globe 24/7,” said CGI Vice-President Jan Macek. “In addition, with real-time payments, banks no longer have hours or days to analyze transactions, but must do so instantaneouslywithin milliseconds. CGI HotScan360 meets the demands of the digital age through real-time monitoring and advanced data analysis of customer activities while reducing operational costs and providing a global support network.”