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Payment Screening

Prevent Fraud Before It Happens with Our Payment Screening Solution

The best way to fight fraud is to prevent it. Our AI-powered payment screening solution stops financial crime before it starts by ensuring transactions comply with AML regulations in real-time. Available as SaaS or On-Premise, our payment screening technology is tailored for maximum security and flexibility. 

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How Real-Time Payment Screening Works

Our payment screening solution ensures real-time evaluation of every transaction across all payment channels. It checks transactions against AML databases, global sanctions lists, and internal watchlists to identify potential risks. Suspicious activities, such as sanctions matches or high-risk payments, are flagged instantly, allowing you to block fraudulent transactions before they’re processed. The system also analyzes behavioral patterns and monitors transactions to detect identity fraud and unusual account activity. High-risk transactions are given additional layers of verification within the payment screening process, ensuring compliance and security at every stage.

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How AI Makes It Better

Our AI-driven payment screening solution uses machine learning to analyze transaction patterns for unusual activities that could indicate fraud or money laundering. It detects anomalies, reducing false positives, and helping compliance teams focus on true risks. AI models learn from historical data and feedback, continuously refining detection criteria and improving accuracy. Additionally, real-time monitoring of account activity and behavior analysis provides another layer of proactive fraud prevention, identifying suspicious changes before fraudulent transactions occur in the payment screening process.

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Customer Screening
Key Payment Screening Solution Specifications

Transactions are screened instantly across all channels, checked against AML databases, global sanctions lists (OFAC, EU, UN), PEP lists, and internal watchlists using data from Refinitiv and LexisNexis. The real time payment screening process ensures that no transaction is missed or delayed.

Each transaction in the payment screening process is assigned a risk score based on factors like size, region, frequency, and patterns, using real-time data from global sources to flag high-risk payments.

Identity fraud prevention is achieved using device fingerprinting (MaxMind), OCR for document verification, and biometric authentication.

Monitors unusual account activity like login behavior and device/IP changes, with transaction limits and extra verification for high-risk transactions during payment screening.

Our payment screening provides API support for real-time data flow and integration with your existing systems, enabling secure transaction monitoring and analysis.

Why Choose Complytek?

When it comes to payment screening, Complytek offers unrivaled accuracy, efficiency, and compliance. Our seamless transaction screening protects your business and offers you peace of mind.

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Fully customizable rules that compliance teams can modify, test, and execute independently, without developer support. Our payment screening platform is designed for ease of use, streamlining complex processes with intuitive interfaces.
Our solution integrates effortlessly with any CRM or identity verification provider, including support for international banking standards like SWIFT, SEPA, and ISO20022. Scalable to grow with your business, ensuring smooth adoption, flexibility and uninterrupted AML payment screening.
Extensive experience across key regions, including North America, EU, Africa, MENA, and GCC, providing comprehensive knowledge in AML and payment screening frameworks.
GDPR-compliant and ISO27001 certified, ensuring industry-leading data privacy and security. Our payment screening platform supports various regulatory requirements, including SAR reporting, ensuring global compliance.
Dedicated human support with hands-on training and rapid response times, ensuring your team receives continuous assistance with high satisfaction and fast issue resolution.
CASE STUDIES

Client Success Stories

XMTM CLIENT STORY: AML/KYC

compliance automated solution for risk mitigation

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TFI MARKETS CLIENT STORY:

Holistic client risk evaluation, ensuring risk mitigation

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BAKER TILLY SOUTH-EAST EUROPE CLIENT STORY:

CRM & AML processes in one place

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Other modules:
Client Lifecycle Management
Risk Assessment
Transaction Monitoring
Transaction Fraud
Customer Screening

FAQs

Different financial institutions globally use different payment message formats for international transactions. By being able to process SWIFT, SEPA, and ISO20022 formats, your business ensures seamless transaction processing and enhanced security. Complytek's Payment Screening solution is designed to process these popular formats effortlessly, ensuring comprehensive coverage and efficient risk management.

Screening rules and filters are the fundamental components of a payment screening process. They enable businesses to screen transactions against sanction lists, embargo lists, PEPs, and more to comply with global regulations. Complytek allows you to configure these rules and filters flexibly, ensuring precise and accurate results tailored to your unique requirements.

Using an advanced payment screening platform can help you simplify your compliance and workflow management by resolving potential issues before payment, memorizing screening decisions to avoid redundant work, and allowing transparent screening rules configuration. Complytek offers a streamlined solution to manage your compliance workflow efficiently, saving you valuable time and resources.

Pre-clearing screening is the process of checking transactions for potential issues before they are cleared. It helps save time, resources, and protects your business from the consequences of processing illegal or high-risk transactions. With Complytek, you can enjoy seamless pre-clearing screening, ensuring your business operates within the compliance boundaries and without unnecessary delays.
Discover a new era of payment screening with Complytek.
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