Monitoring that shows which rule fired and why
DetectX® continuously monitors financial transactions to spot unusual patterns and suspicious activity. Your compliance team decides what counts as unusual, and no alert arrives without naming the rule that raised it.
- 1Ingest
- 2Detect
- 3Review
The DetectX® Approach
Transaction Monitoring is one module of the DetectX® platform. What is watched, what counts as unusual and where the result goes are three separate decisions, and your compliance team holds all three.
Continuous monitoring
Three kinds of signal are read together: what moved on the account, how that account normally behaves, and what the wider dataset shows around it.
Transaction signals
Volume
Volume, velocity and counterparty behaviour are assessed continuously rather than at a review date.
Behavioural analysis
Behaviour
Analyses patterns and anomalies in user behaviour to detect potential fraud and AML risks, enhancing the precision of risk assessments.
Pattern recognition
Patterns
Identifies trends, anomalies and clusters in complex datasets, so a pattern running across many accounts is visible where a single transaction is not.
Rules tuned to your organisation
What counts as unusual is a decision the institution makes, not a default it inherits. The rule set is designed, tested and kept current by the people who answer for it.
Custom risk monitoring
Configurable
Rules tuned to your organisation: high-risk customers, transaction volumes, known typologies.
Business rules designer
Designer
Customisable business rules that adapt to regulatory and operational needs, boosting security and efficiency across compliance and monitoring functions.
Evolutionary learning
Adaptive
Continuously adapts models using real-time data and scenario simulations, keeping detection effective as typologies change.
One queue, one workflow
A monitoring alert does not get an inbox of its own. It arrives beside the screening, adverse media and behavioural alerts, and is worked under the same workflow as all of them.
Alert management
Queue
Simplifies alert management with tools for collaboration, audit tracking and prioritisation.
Tasks and escalations
Workflow
Analysis, alerts, investigation and documentation flow through tuneable workflows.
Link analysis
Networks
Maps connections between entities to uncover hidden associations indicative of money laundering risk.
Key Benefits and Impact
A monitoring system that alerts generously is easy to build.
The cost of monitoring is not the detection, it is the review queue behind it. What makes that queue workable is not how many alerts the engine can raise, but what each one arrives holding and who set the threshold that raised it.
WHAT MAKES THE QUEUE WORKABLE
Why DetectX®
A pattern is a question.
The record is the answer.
One monitoring alert, as the record holds it
Transaction Monitoring shares the AlertViewer, the lists and the reporting with Name Screening, Client Risk Scoring and every other DetectX® module. Monitoring signals are also an input to the client risk score, so a worked alert changes the client's picture.
Step 1 of 4 · Ingest
The transaction arrives with its context
The transaction is assessed against the customer's own behaviour as well as against the rule set, so an unusual amount is unusual for them.
Recorded: the transaction, and the behavioural signals around it.
Step 2 of 4 · Detect
The alert names the rule
The rule identifier, the threshold and the score are written onto the alert as it is raised, so the trigger is part of the record rather than a lookup made afterwards.
Recorded: the rule, the threshold and the score.
Step 3 of 4 · Assign
Who may work it is a matter of record
Who the alert was assigned to is recorded, and so is who else could have claimed it.
Recorded: who it was assigned to, and when.
Step 4 of 4 · Decide
A decision, with the reason it was reached
The disposition attaches to the alert with its justification, its author and its timestamp, and can be forwarded for four-eyes review.
Recorded: the disposition, the justification and the author.
Common questions
Yes. The business rules designer lets compliance teams create, test and activate custom rules without a code change.
By deciding what is unusual against the institution's own customers and volumes rather than against a generic threshold, and by adapting the models as behaviour changes. At a Swiss retail bank, DetectX® is reported to have reduced false AML alerts by 98%.
Alerts open in the same AlertViewer as screening and adverse media, and behavioural transaction signals feed the client risk score.
Transaction Monitoring · DetectX®
See a monitoring alert
from rule to disposition.
Book a session on your own transaction types. Bring your questions about rule tuning, thresholds and the four-eyes review workflow.
- 98% fewer false alerts
- Observed at a Swiss retail bank running DetectX®.
- Rules you own
- Written, tested and activated by your own compliance team.
- One platform
- Monitoring, screening and risk scoring on the same AlertViewer.