NetReveal works to close the gap between evolving digital risk and compliance

Cyber-crime specialist BAE Systems Applied Intelligence is adding to its NetReveal Compliance Solution Suite to help organisations remain compliant in the complex and evolving money laundering and terrorist finance ecosystem.

As the regulatory landscape shifts towards a more expansive view of banking responsibility, which encompasses cybersecurity, human trafficking and cryptocurrencies, BAE Systems is enhancing NetReveal and supporting services to provide financial institutions with agile solutions designed to adjust to these changing demands.

“Our expertise in protecting financial institutions against changing threats lies in understanding criminal threats and risk regardless of the format, entity or industry,” said Peter Fisher (pictured), product director for financial services. “As compliance moves to encompass evolving digital criminality, we use connected data and collaboration to help banks address their ever-expanding remit of responsibility.”

The latest enhancements in NetReveal encompass both product-based adaptability to augment existing compliance solutions and features to help organisations ensure compliance in an evolving criminal and regulatory landscape. Features include a built-in criminal offenses scenario library; automated false positive reduction by an additional ~55%; integrated third party data to speed up investigations; and intelligent analytics to enable users to create a copy, edit locally and apply custom algorithms to their own scenarios.

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