Understand the Need for Governance, Risk and Compliance
Credit risk, market risk, liquidity risk and more — banks face substantial risk in their day-to-day operations. Under the current conditions, it’s imperative that they develop strong governance, risk and compliance (GRC) programs as part of their larger enterprise risk management lifecycle.
But managing risk isn’t the only purpose GRC programs serve — with the appropriate controls in place, banks can remain compliant in both global and local regulatory environments and develop strong anti-money laundering practices.
Governance
The rules, policies and processes that enable banks to remain competitive and resilient in the face of changing market conditions
Risk
The policies, procedures and controls banks implement to manage and mitigate operational risk
Compliance
The policies and protocols a bank has in place to ensure compliance with local and global regulations
Overcome Governance, Risk and Compliance Challenges
ACI Worldwide’s innovative governance, risk and compliance software provide banks with the advanced capabilities they need to overcome their most pressing challenges.
Simple APIs
Eliminate organizational silos and integrate disparate, disconnected systems using simple APIs that allow for easy data orchestration and consolidation
Automation
Avoid misalignment between processes and organizational goals by leveraging automation to automatically apply policies to transactions
Continuous Monitoring
Proactively manage risk and identify money laundering activity with continuous monitoring capabilities
Compliance at Scale
Utilize rules-based engines and machine learning to establish and monitor behavioral baselines to achieve compliance at scale
Accurate Data
Prevent false positives by using machine learning to automate reporting and develop a centralized database for internalized documentation
Flexible Platform
Adapt to changing demands from regulatory authorities and government agencies using a highly flexible platform designed specifically to support rapid transformation
Enhance Your Governance, Risk and Compliance Program With ACI
ACI Fraud Management for banks is a world-class solution that empowers banks, acquirers, processors and networks to turn GRC initiatives into competitive differentiators using advanced governance, risk and compliance capabilities.
Related Solutions
Explore Our Ecosystem of GRC Solutions
ACI Fraud Management for Banking
Real-time, machine-learning-driven fraud management solution for banks, processors, acquirers and payment networks
Machine Learning
Advanced technology specifically designed for rapid deployment and ease of use by business users to accelerate the benefits of machine learning
Network Intelligence
Proprietary technology that enables banks, processors, acquirers and networks to securely share and consume industry-wide fraud signals to feed their machine learning models
Fraud Scoring Services
Effortlessly stay ahead of real-time fraud with a fully managed, automated fraud scoring service driven by ACI’s patented incremental learning capabilities deployed in the Microsoft Azure public cloud
ACI Payments Monitoring
Integrated suite of advanced software products that provides in-depth monitoring and analysis of your payments transactions, applications and infrastructure
INDUSTRY INSIGHTS
Supercharge Machine Learning With Smart Scoring
It’s time for banks to build smarter, faster models by moving from machine learning to incremental learning.
Related Resources
Resources
Banking
Keeping Pace With Ever-Changing Fraud Patterns in the Digital Era: Introducing Fraud Scoring Services
Consumers demanding faster, more convenient payments led to the rapid adoption of digital wallets and contactless payments.
Resources
Banking
How Westpac New Zealand Fights Fraud With Analytics and Intelligence
Research predicts that the global cost of fraud will reach $40.62 billion by 2027, 25 percent more than the fraud losses in 2020. With banks, PSPs and merchants racing toward real-time payments adoption, they must also acknowledge the increased risk of fraud that it brings, while further reducing the chances of recovering funds.
