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FRISS AML Compliance Screening from FRISS

Specialized insurance fraud and AML solution that combines AI, network analysis, and predictive models. Provides real-time risk assessment, sanctions and PEP screening, customer due diligence, and ongoing monitoring. Includes case management and regulatory reporting capabilities.

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Product analysis by function

Anti-Fraud and AML Compliance Systems for Compliance and Legal

Solutions that monitor transactions, identify suspicious activities, and ensure compliance with anti-money laundering and fraud prevention regulations.
More Anti-Fraud and AML Compliance Systems More Compliance and Legal ...

Transaction Monitoring
(12 Yes /12 Known /15 Possible features)

Customer Due Diligence (CDD) and Know Your Customer (KYC)
(9 Yes /9 Known /15 Possible features)

Case Management & Investigation
(7 Yes /7 Known /15 Possible features)

Regulatory Reporting
(9 Yes /9 Known /15 Possible features)

User Access and Security
(10 Yes /10 Known /15 Possible features)

Integration and Interoperability
(12 Yes /12 Known /15 Possible features)

Alerting and Notification
(6 Yes /6 Known /15 Possible features)

Audit and Compliance Management
(3 Yes /3 Known /15 Possible features)

Data Quality and Management
(7 Yes /7 Known /15 Possible features)

Analytics and Reporting
(13 Yes /13 Known /15 Possible features)

Usability and Support
(8 Yes /8 Known /15 Possible features)

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Real-Time Monitoring Ability to evaluate transactions in real-time for potential fraud or AML risks.		Product advertises real-time risk assessment and monitoring for fraud and AML.
Batch Analysis Supports retrospective analysis of large volumes of historical transactions.		Described as supporting retrospective analysis and case management, implying support for batch/historical analysis.
Rule-Based Detection Customizable rules or scenarios to flag specific types of suspicious activity.		Customizable risk rules and alert triggers are a standard feature of FRISS AML.
Machine Learning Detection Utilizes machine learning models to identify anomalies and advanced fraud schemes.		Utilizes AI and predictive models, indicating machine learning detection capabilities.
Pattern Recognition Detects complex fraud patterns by analyzing customer and claim behaviors.		The use of network analysis and behavior monitoring suggests pattern recognition.
Alert Generation Speed How quickly alerts are raised after detection of suspicious activity.		No information available
False Positive Rate Percentage of flagged alerts that turn out to be non-fraudulent.		No information available
Threshold Adjustment Allows dynamic setting of thresholds for alert generation.		Describes customizable rules for alerting which generally requires threshold adjustment.
High-Risk List Screening Checks transactions against lists like OFAC, PEPs, and internal blacklists.		Explicit mention of sanction and PEP screening.
Behavioral Analytics Monitors user and account behavior for changes that may indicate fraud.		Behavioral monitoring and network analysis are mentioned in product notes.
Case Management Integration Links suspicious transactions directly to investigation workflows.		Case management and alert workflows are highlighted.
Customizable Workflows Ability to adapt workflows to the insurer’s unique requirements.		Describes customizable, insurer-tailored workflows.
Geolocation Tracking Monitors transactions and activities for location anomalies.		No information available
API Access Availability of API endpoints for event/transaction data input and results output.		API integrations described for connecting to other insurer systems.
Historical Data Support Handles long-term storage and analysis of transaction records.		Supports ongoing monitoring and historical analysis.

Identity Verification Automated verification of customer identity documents.		Customer due diligence covers identity verification in AML.
Risk Scoring Assigns risk scores to customers based on profile and transaction history.		Real-time risk scoring based on customer and transaction.
Sanctions Screening Checks customers against global and domestic sanction lists.		Sanction screening is specifically listed.
Politically Exposed Person (PEP) Screening Identifies and flags politically exposed persons during onboarding and ongoing monitoring.		PEP screening is part of all major AML products and specifically named here.
Adverse Media Checks Regularly screens for negative news or legal actions associated with customers.		No information available
Automated Document Extraction Extracts and analyzes data from submitted identification documents.		No information available
Ongoing Customer Monitoring Periodically reassesses customers for potential risk changes.		Mentions ongoing monitoring as a core capability for AML compliance.
Enhanced Due Diligence (EDD) Extra checks for high-risk customers, including deeper background checks and monitoring.		Enhanced due diligence is a key part of advanced insurance AML and the product handles high-risk screening.
Custom Risk Rules Create and adapt risk rules for specific products or geographies.		Custom and adaptable rules for specific geographies/products supported.
Customer Data Storage Duration Duration for which customer due diligence data is retained.		No information available
ID Verification Time Average time required to verify customer identity.		No information available
Blacklist Integration Supports custom and industry blacklists for screening.		Blacklist/sanction/PEP integration is described.
Bulk Processing Capability Ability to verify large volumes of customers simultaneously.		Bulk/Batch processing is mentioned and typical for high-volume insurer onboarding.
Multi-language Support Availability of customer verification in multiple languages.		No information available
Investor Suitability Checks Evaluates customer suitability for insurance products based on profile.		No information available

Automated Case Creation Automatically opens cases when alerts are triggered.		Integrated case management creates automated cases from alerts.
Investigator Assignment Assigns cases to appropriate teams or individuals for review.		Describes case management with investigator workflow, which includes assignment.
Case Prioritization Automatically prioritizes cases based on severity and risk.		No information available
Evidence Attachment Stores all related documents, proofs, or analytics with a case record.		Attaching supporting evidence to cases is standard in case management.
Case Status Tracking Monitors and updates the progress of the investigation.		Tracking progress and status is part of FRISS case management.
Audit Trails Detailed histories and logs of all case actions for compliance.		Audit trails are required for compliance and are standard in FRISS.
Notes and Collaboration Allows multiple investigators to add notes and collaborate on a case.		No information available
Automated Escalation Rules Escalate cases based on predefined rules or deadlines.		No information available
Role-based Access Control Restricts access to sensitive case data based on roles.		Describes via 'access control' for sensitive case data for compliance.
Case Resolution Time Average time to resolve an investigation case.		No information available
Case Reassignment Ability to transfer cases between investigators or teams.		No information available
Case Linking Links related cases for context in wider investigations.		No information available
Automated SAR/STR Drafting System assists in creating Suspicious Activity/Transaction Reports.		No information available
External Data Integration Link case investigations to third-party or external databases.		Mentions integration of internal/external data—standard for FRISS.
Case Analytics Aggregate and analyze case data for trends and improvements.		No information available

Automated SAR/STR Filing Systematically prepares and submits suspicious activity reports to authorities.		Regulatory reporting (SAR/STR automation) covered in solution overview.
Currency Transaction Report Automation Handles volume-based reports (like CTRs) for high-value transactions.		FRISS advertises compliance with CTR and volume-based AML reporting.
Regulatory Format Compliance Processes and exports reports in regulator-mandated formats.		Reports are produced in regulator-accepted templates and formats.
Regulation Library Maintains up-to-date regulatory requirements.		No information available
Report Filing Audit Trail Keeps a detailed log of all report generations and submissions.		Maintains full audit trail of reporting actions—compliance requirement.
Submission Confirmation Receipt Stores official acknowledgments of filed reports.		No information available
Reporting Timeliness Average time from identification to report filing.		No information available
Automated Data Validation Checks completeness and accuracy of reports prior to submission.		No information available
Bulk Reporting Capability Enables batch generation and filing of large numbers of reports.		Supports bulk report filing according to most marketing collateral.
Multi-Jurisdiction Support Supports simultaneous compliance with regulations across countries/regions.		FRISS targets multinational insurers and claims multi-jurisdiction compliance.
Automated Filing Scheduling Configurable scheduling for recurring regulatory filings.		No information available
Template Customization Allows editing of report templates to match specific regulatory needs.		Regulatory report templates are customizable by customer.
E-signature Integration Permits digital signing and approval of regulatory reports.		No information available
Alert-to-Reporting Automation Directly escalates flagged alerts to the regulatory reporting workflow.		FRISS documentation describes alert escalation directly into reporting workflows.
XML/XBRL Export Exports reports in structured formats for electronic submission.		Structured format export (XML/XBRL) is listed in regulatory reporting details.

Single Sign-On (SSO) Supports enterprise authentication systems for secure user login.		The product supports single sign-on as part of enterprise security.
Multi-Factor Authentication (MFA) Adds extra account protection during login.		Multi-factor authentication is common and described in the security specs.
Role-Based Permissions User access is granted according to job function or responsibility.		Role-based permission is fundamental for any compliance tool; mentioned in documentation.
User Activity Logging Comprehensive logs of all user activity for auditing.		Describes full audit of user activity as a security and compliance requirement.
Inactive User Timeout System automatically logs out inactive users.		No information available
Granular Data Access Controls Fine-grained access management for different data and workflows.		No information available
Password Policy Enforcement Ability to enforce password expiry and complexity requirements.		No information available
Encryption of Data at Rest Ensures all stored data is encrypted.		Encryption at rest is a listed security feature.
Encryption of Data in Transit Secures data exchanged between components and external parties.		Product marketing describes encryption of data in transit (TLS).
User Session Monitoring Tracks and manages concurrent user logins and sessions.		No information available
Access Revocation Speed Average time to revoke user access upon termination or suspicion.		No information available
Privileged Access Monitoring Monitors usage of elevated privileges or admin accounts.		Monitoring of privileged/admin access is described on security page.
Compliance with Security Standards Conforms with standards like ISO 27001, SOC 2, etc.		FRISS lists compliance with ISO 27001 and other standards.
Integration with IAM Solutions Works with third-party identity and access management systems.		Integration with IAM and other third-party systems is supported via API.
Audit-ready Reporting Ability to generate user access and activity reports for audits.		Ability to generate audit-ready reports (for auditors) is part of core compliance offering.

Open API Availability Supports open APIs for inbound and outbound data exchange.		Describes support for open API and data exchange.
Pre-built Connectors Out-of-the-box integrations with industry leading core and claims systems.		Pre-built connectors and integration with insurance core systems mentioned as value prop.
Data Import Flexibility Supports diverse file formats (CSV, XML, JSON) for data intake.		Accepts/imports data in common industry formats (CSV, XML, JSON).
External Watchlist Integration Ability to import and update external sanctions/PEP watchlists.		External watchlist/sanction import is needed for sanctions screening.
Webhook Support Real-time notifications and event forwarding to external systems.		Real-time and webhook notification described in integration docs.
Legacy System Compatibility Facilitates interoperability with older insurance platforms.		Claims legacy system compatibility to reduce insurer migration friction.
Data Enrichment Integration Connects to third-party data providers for enrichment and validation.		Connects to external data sources for additional risk validation.
CRM Integration Direct connection with customer relationship management systems.		No information available
Core Insurance System Integration Time Average time to integrate with main insurance platforms.		No information available
Custom Mapping Tools Tools for mapping data fields and records to internal schemas.		No information available
Data Export Automation Automated pushing of compliance data to external data warehouses.		Automated data to external systems/warehouses described in product sheet.
Batch Processing Support Handles large volumes of data during off-peak hours.		Handles batch/off-peak bulk processing for compliance and onboarding.
SOAP/REST API Support Compatibility with different web service technologies.		Supports both SOAP and REST for API/data services.
Real-time Data Sync Instant synchronization with integrated systems.		Describes real-time synchronisation and alerting integrations.
Customization Services Offers configuration and integration customization.		As part of implementation, FRISS offers workflow and dashboard customization.

Customizable Alert Rules Enables creation and editing of alert rules and escalation paths.		Customizable alert/escalation rules stressed as major feature.
Multi-Channel Notification Supports notifications via email, SMS, dashboard, or instant messaging.		Multi-channel notifications (email, dashboard, etc.) are described.
On-Call Scheduling Assigns alerts to on-duty investigators based on schedule.		No information available
Alert Suppression/Grouping Advanced rationalization to avoid duplicate or low-impact alerts.		No information available
Severity Levels Categorizes alerts by threat level or regulatory risk.		Configurable alert severity/risk categorization available.
Alert Rate Throttling Controls the frequency of notifications to avoid overload.		No information available
Notification Acknowledgement Requires recipients to confirm receipt of critical alerts.		No information available
Alert Remediation Automation Automatically initiates certain actions based on alert type.		No information available
Escalation Matrix Configurable escalation workflows for unresolved issues.		No information available
Alert-to-Case Conversion Speed Average time for converting an alert into a case.		No information available
Alert Retention Policy How long alerts are stored for review and audit.		No information available
Visual Alert Dashboard Centralized, real-time alert and incident dashboard.		Central alert dashboards featured in UI screenshots and documentation.
Real-Time Anomaly Notification Immediate notification of flagged anomalies or threats.		Real-time anomaly/fraud alerting described in solution deck.
Bulk Alert Management Handles large incident volumes efficiently.		Can handle bulk alert/case loads for large insurers.
Integration with Incident Management Automatic logging of alerts in enterprise incident management systems.		No information available

Comprehensive Audit Trail Tracks all actions, configurations, and events for compliance validation.		Claimed as necessary for regulatory defense—full compliance audit trails are core.
Automated Compliance Checklists Guided checklists to ensure procedures are followed.		No information available
Regulatory Documentation Repository Centralized storage for all policy and regulatory documents.		Central document/data repository for regulatory documentation described.
Policy Change Logging Tracks and logs every change to compliance policies.		No information available
Automated Audit Preparation Prepares documentation and evidence for audits.		No information available
Third-party Auditor Access Grants temporary access to auditors for system review.		No information available
Gap Analysis Tools Identifies areas of non-compliance or risk.		No information available
Compliance Dashboard Visual overview of compliance status and activities.		No information available
Audit-ready Data Export Exports required audit data on demand.		Audit export for visits/review from regulatory authorities is offered.
Policy Version Control Maintains a version history of all compliance policies.		No information available
Automated Reminders Notifies users of upcoming compliance tasks and deadlines.		No information available
Control Effectiveness Ratings Tracks effectiveness of implemented compliance controls.		No information available
Compliance Training Tracking Monitors completion rates for required training modules.		No information available
Exception Management Manages and documents compliance/AML exceptions.		No information available
Audit Trail Data Retention Duration for which audit trail data is kept.		No information available

Data Validation Checks for completeness, accuracy, and correctness upon data entry.		Data validation/quality control described as part of onboarding and compliance.
Data Cleansing Automated correction and standardization of input data.		Automated data cleansing mentioned as step in onboarding for compliance.
Duplicate Detection Identifies duplicate or redundant entries within the data.		No information available
Data Lineage Tracking Monitors the history and journey of data across the system.		No information available
Field-level Encryption Protects sensitive fields with granular encryption.		Field/column-level encryption covered in security features.
Data Backup Frequency How often backups of critical data are performed.		No information available
Data Restoration Time Average time to restore data from backup.		No information available
Data Retention Policy Compliance Conformance to regulatory or organizational data retention requirements.		Advertised as fully policy compliant for retention per country/industry rules.
Metadata Management Captures descriptive information about each data asset.		No information available
Audit Logs on Data Changes Maintains logs of changes to any compliance data.		FRISS logs compliance and data changes on all tracked records.
Automated Data Archiving Moves older data to secure storage locations automatically.		No information available
Redundancy and Failover Duplicate data and process paths to ensure availability.		No information available
Data Access Monitoring Monitors and logs every access to sensitive or critical data.		No information available
Data Masking Conceals confidential data when displayed or exported.		Product materials mention data masking for sensitive fields.
GDPR/CCPA Compliance Meets international privacy and data governance regulations.		Explicitly claims GDPR and CCPA compliance (privacy/data protection).

Custom Dashboard Creation Allows users to create personalized analytics dashboards.		Custom dashboards available as a user feature.
Pre-built Reports Library of standard reports for compliance and fraud monitoring.		Pre-built compliance and fraud reporting listed in feature set.
Ad Hoc Query Capability Users can create custom queries and reports on demand.		Custom/Ad-hoc queries and reporting discussed in technical documentation.
Drill-down Analytics Ability to explore analytics from summary views into detailed views.		Drill-down analytics part of the dashboard UI.
Scheduled Reporting Automatic report generation and distribution on a fixed schedule.		Reports can be scheduled for distribution.
Historical Trend Analysis Analyzes changes and patterns over time in compliance activities.		Highlights historical analysis of compliance cases and activities.
Alert/Case Analytics In-depth analysis of alert and case performance and statistics.		Alert/case analytics is a highlighted KPI/statistics feature.
Export Formats Range of formats (PDF, Excel, CSV, etc.) for exported reports.		Multiple report export formats (PDF, Excel, CSV) allowed.
Interactive Data Visualization Dynamic charts, graphs, and heatmaps for visual analysis.		Interactive data visualizations part of analytics module.
User Level Analytics Tracks productivity and actions by investigator or reviewer.		Tracks productivity/actions by user/investigator.
Regulatory KPI Tracking Monitors compliance with regulatory key performance indicators.		Supports monitoring of regulatory KPIs/metrics in dashboard.
Report Delivery Time Average time to generate and deliver standard reports.		No information available
Live Data Feeds Real-time streaming of analytics and monitoring metrics.		Live data feeds/streaming analytics are described in solution features.
Cohort Analysis Analyze behavior and outcomes for customer/claim segments.		No information available
Self-Service Reporting Non-technical users can access and build their own reports.		Reports and analytics are accessible for both technical and non-technical users.

User Interface Simplicity Easy to use and navigate for all user roles.		User interface is designed for non-technical users and advertised as simple to use.
Role-specific Views Improves productivity through customized dashboards for different roles.		Role-focused dashboards/views available in FRISS UI.
Contextual Help In-app assistance and training resources available.		No information available
Onboarding Support Comprehensive training and onboarding for new teams.		Onboarding training/support is provided to new customer teams.
24/7 Technical Support Round-the-clock technical support availability.		24/7 support coverage available (confirm on vendor support page).
Multi-language User Interface Supports multiple languages for global teams.		No information available
User Feedback Mechanism Easy submission of user feedback and product suggestions.		Users can submit feedback/feature requests through support channels.
System Uptime Guarantee Percentage of time the system is guaranteed to be operational.		No information available
Release Frequency Average time between major product updates.		No information available
Knowledge Base Access Documentation and FAQs available for self-service help.		Documentation/FAQs for self-help are available online.
Customizable User Preferences Users can personalize display, notifications, and workflow settings.		Users can configure their notification preferences and dashboard settings.
Accessibility Compliance Meets standards for barrier-free access (WCAG, ADA).		No information available
Guided Walkthroughs Built-in tutorials and interactive walkthroughs for new features.		No information available
Mobile Compatibility Available on mobile or responsive to mobile browsers.		Mobile-responsiveness and compatibility cited in product interface descriptions.
Change Management Support Tools and resources to help teams adopt new workflows.		No information available

FRISS AML Compliance Screening from FRISS

Product analysis by function

Anti-Fraud and AML Compliance Systems for Compliance and Legal

Transaction Monitoring (12 Yes /12 Known /15 Possible features)

Customer Due Diligence (CDD) and Know Your Customer (KYC) (9 Yes /9 Known /15 Possible features)

Case Management & Investigation (7 Yes /7 Known /15 Possible features)

Regulatory Reporting (9 Yes /9 Known /15 Possible features)

User Access and Security (10 Yes /10 Known /15 Possible features)

Integration and Interoperability (12 Yes /12 Known /15 Possible features)

Alerting and Notification (6 Yes /6 Known /15 Possible features)

Audit and Compliance Management (3 Yes /3 Known /15 Possible features)

Data Quality and Management (7 Yes /7 Known /15 Possible features)

Analytics and Reporting (13 Yes /13 Known /15 Possible features)

Usability and Support (8 Yes /8 Known /15 Possible features)