Transaction Monitoring Workflow

Use the following workflow for FCCM TM Cloud Service.

Data Ingestion and Processing

Data ingestion loads the sample staging data, business domain, and jurisdiction data into the application for further processing. The application processes and prepares the data using various operations and data quality check rules such as filter, validate, derive, aggregate, join, and so on. During ingestion, the data is moved from the Common Staging Tables to the Business Tables to run scenarios.

Scenarios

Behaviors of interest, that is, potentially problematic behaviors with respect to possible money-laundering activities, are created as scenarios. The Transaction Monitoring scenarios are optimized for smaller financial institutions to detect suspected money laundering and terrorist financing activities with simple configuration and operational control. The required threshold parameters are defined in these scenarios. The data obtained from data ingestion are run using the scenarios to identify events or alerts.

Investigate Cases

Transaction Monitoring enables analysts to identify and report suspected money laundering activities and investigate the events that are identified as cases.