Amberoon Lucre AML
Monitor, measure,manage and Mitigate AML Risk
Modern AML
Amberoon’s Lucre is a modernized Anti-Money Laundering (AML) solution that uses Agile Compliance to closely align with a bank’s mandate of safety and soundness. Amberoon leverages advances in AI, data engineering and security to make complex AML processes insightful, efficient and cost-effective—without requiring costly replacements to legacy technologies. Unlike traditional approaches, Lucre allows governance and process to drive the technology and not the other way around. Core functions include.
- + Bank Exam Prep
- + Monitoring of High Risk
- + Alert Management
- + On-boarding
Smart Risk Triage
Amberoon Lucre AML uses data from ongoing transactions, third-party sources and proprietary algorithms to enable forensic inquiry that identifies bad actors and reduces risk. The technology builds on a risk-based approach that works with legacy AML systems to implement a Regulatory System of Insight for banking operations.
Core Capabilities
And again, there’s no need to replace existing systems: Amberoon AML has ‘wraparound’ capabilities to work with legacy solutions in mid-contract.
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Significantly reduces false positives
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Slashes operating costs by up to 50%
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Eases behavioral KYC
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Identifies emerging risks
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Accelerates UBO (Ultimate Business Owner) tracking.
