PragmaRisk™ is a business solution that uses today's most effective methods to monitor your operations and to prevent, manage and combat financial crimes including internal and external fraud, cybercrime, money laundering and terrorist financing.

Our methodology and systems to detect illegal activities not only allow you to comply with best practices and current regulations but to perform integrated management of your various events and risks under a global process. PragmaRisk™ allows you to identify, manage, analyze, process and report to Financial Intelligence Units and law enforcement agencies, as well as general monitoring and report generation.

PragmaRisk™ covers all types of illegal activities and risk events including:

Product Benefits

PragmaRisk™ integrates all types of risk events into an interface where the customer has the autonomy to define the risk management rules and guidelines within an advanced platform to facilitate reporting, planning and support decision-making.

• Reduce your losses and improve profitability;
• Facilitate your decision making and business intelligence;
• Proactively manage at-risk events and illegal activities.

The versatility of customization available within PragmaRisk™ allows you to identify and manage risk according to your corporate vision and business goals.

PragmaRisk™ features

The PragmaRisk™ software solution offers advanced features that maximize your performance and ensure that you achieve your compliance goals. The standardized product architecture facilitates integration and allows for either centralized deployment or decentralized sources, units and teams. Also, PragmaRisk™ has the ability to manage a high daily case volume treated by major financial institutions.

• Mechanisms for detecting and monitoring suspicious and unusual transactions
• Disclosure to regulatory agencies
• Management of investigations and inquiries
• Case management
• Security, configuration, follow-up and other functions

Advantages

• Minimizes the costs of standardizing input files;
• Allows for greater flexibility in terms of adaptability to various types of file formats;
• Effective investigation management using escalation processes;
• Less handling of physical records;
• Implements an effective communication process;
• Enables declaration of suspicious transactions;
• Guarantees declarations are the requisite quality in accordance with Financial Intelligence Units (FINTRAC in Canada) regulation standards;
• Eliminates the need for manual handling of data.