Transaction Monitoring Services

Optimization, Technology, Operational Support & Compliance

Preventing and detecting financial crime in a reliable and efficient manner is one of today’s greatest challenges

This is especially true for Transaction Monitoring in this post-COVID age of digital real-time banking (118.31 billion real-time transactions in 2021!) and near cashless economy.

PwC Financial Crime Unit (FCU) supports financial institutions in fighting financial crime by addressing their challenges and enhancing Transaction Monitoring capabilities.

We can save your time and money and leave more space to generate new business growth ideas

How can we help?

Here at FCU, we offer and deliver a wide array of complex services designed to help you face these challenges: from transformation support, through state-of-the-art technology solutions, to highly automated, efficient operational delivery that together form the foundation of our Transaction Monitoring Framework.

The FCU TM framework

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How do we help our clients

  • A National UK Bank

    Project

    End to end review of significant transaction monitoring backlog with tight regulatory deadline

    Context

    A National UK Bank engaged PwC to support the process of retrospective review of alerted transaction activity across all levels

    PwC approach

    • Establishment of two delivery hubs (UK & PL) that numbered up to 207 FTEs and a multi-disciplinary Central Team consisting of Operational Managers, Policy & Process SMEs and MI specialists
    • Set up and launch of DMS - inhouse workflow solution in tandem with tailored MI reports
    • Development of detailed delivery plan
    • Design and implementation of multiple policy & process changes

  • An international Australia-based Bank

    Project

    Redesign of the end-to-end process and tools for TM operations

    Context

    An international Australia-based Bank requested the creation and implementation of a full End-to-End Transaction Monitoring process for their large scale TM operations

    The long-term goal was to uplift the Bank's Operational capabilities and their adjustment to handle rapid capacity increase

    PwC approach

    • Performed feasibility study and various models presented to the Bank, to support the Bank in their decision as to the actual model for scaling-up of the TM operations
    • Prepared the workflow tooling and a sample of the accelerators for investigation process (including tailored internal systems-based automations)
    • Created the proposed roadmap for operational work skale-up and TM documentation deliverables

  • Europe-based Global Bank

    Project

    Utilization of the RPA solution for data extraction from external sources

    Context

    Europe-based global Bank identified significant inefficiency of AML processes due to the time-consuming task of manual search for information in the external sources as well as extraction of the relevant data

    There was a need to implement the automated solution that would boost this process and enhance its quality

    PwC approach

    • Identified external sources of bank’s interest, from within the wide range of local and international registries and open sources
    • Identified data points / information needed from external sources that match bank’s needs
    • Modeled and developed the IT infrastructure allowing for automatic identification of documents and extracting only relevant elements
    • Delivered the desired results in streamlined manner to Operational teams

From awareness to action

Stay ahead of the game with effective Transaction Monitoring. Check out our publications in the “Transaction Monitoring” series:

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Contact us

Marta Wójcik

Marta Wójcik

Partner, Financial Crime Unit, PwC Poland

Anna Piwowarska

Anna Piwowarska

Director, Financial Crime Unit, PwC Poland

Majka Kowalska

Majka Kowalska

Senior Manager, Financial Crime Unit, PwC Poland

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